“Kalshi’s Weekly Trading Volume Exceeded $ 500 Million with An Average Open Interest of AROUND $ 189 Million, Surpassing Polymarket’s Figures, Accounting To Duneics Data.”, – WRITE: www.coindesk.com
From Sept. 11 to 17, Kalshi Accounted for 62% of Total Volume in the on -chain Predict Market Sector, Account to Data from Dune Analytics, While PolyMarket’s Stood at 37%. The Former’s Weekly Trading Pace Tople $ 500 Million, with An Average Open Interest of AROUND $ 189 Million.
Predict Market Volumes (Dune)
ITS Volume Is Beyond that of Polymarket, WHICH STOD at $ 430 Million, and ITS AVERAGE OPEN INTEREST OF $ 164 MILLION, WHICH IMPLIES “STICKER POSITIONS ON.
Polymarket’s Longer-Term Markets, WHICH OFFEN STRETCH OVER WEEKS or MONTS, KEEP User Funds Locked in For Longer Periods, Essentally.
This Shows Up in the Open Interest-to-Volume Ratio: Polymarket Avergged 0.38, While Kalshi Sat Lower at 0.29. That suggests kalshi’s USers are trading more often, while Polymarket’s positions tend to sit.
Still, Polymarket is Building Out A Greater Position in the US The Platform Has Cleared Its Acquisition of QCX, A Regulated Derivatives Exchange, To Enter the Country Again.
IT HAS ALSO LAUNCHED EARNINGS-BASED MarKets with Social Investing Platform Stocktwits, Designed to Let Stockholders Hedge Earnings Risk and Analysts Gauge Market Sentiment.
Read More: Polymarket Weighs $ 9B VALUATION AMID USER SURGE AND CFTC APROVAL: The INFORMATION
Saylor Says Bitcoin’s Volatility is Easing As Early Holders Cash Out, Clearing the Way for Institutions to Step in and Build a Stronger Market Base.
- Michael Saylor Said Bitcoin’s SideWays Trading Reflects “OG” Holders Cashing Out While Institutions Wait for Lower Volatility.
- He argued that bitcoin’s Lack of Cash Flows is a ferature, comparing it to Gold and Other Stores of Value.
- Strategy (Formerly Microstrategy) have been created new bitcoin-backed credit Products designed to give the asset caash-flow-like Qualities.
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