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Polymarket reached 1.1 billion USD volume in May
Polymarket recorded a trading volume of 1.103 billion USD in May, marking the fourth consecutive month of increase but still significantly lower than the peak of 2.577 billion USD in December 2023. The number of active traders decreased to 277,700, marking the fourth consecutive month of decline, although it still attracted an additional 145,700 new users. Open contracts (OI) plummeted from a peak of 512 million USD during last year's election to only about 100 million USD currently.