Due to the increase in Polymarket trading activity, Polygon's POL burn volume in February reached a new all-time high

POL2,12%

Odaily Planet Daily reports that Polygon’s official account on X stated that February’s POL burn amount reached a new all-time high, with a total of 28.2 million POL burned.

Previously, it was also reported that February’s trading volume for Polymarket, the most important application in the Polygon ecosystem and a prediction market, also hit a historic high.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

US Lawmakers Introduce Death Bets Act to Ban War Betting

Two US lawmakers have introduced a new bill. That aims to stop people from betting on violent global events. The proposal is called the Death Bets Act. It would ban prediction markets from offering bets related to war, terrorism, assassination or a person’s death. The bill was introduced on

Coinfomania12m ago

Iran announces policy shift, will implement "ongoing crackdown," warning that oil prices could rise to $200 per barrel

Iranian spokesperson announces end to reciprocal retaliation policy, shifting to sustained strikes, and warns that oil prices could rise to $200 per barrel. Meanwhile, market data shows a low probability of a US-Iran ceasefire, only 5% before March 15.

GateNews1h ago

Chainlink Powers Jupiter’s Crypto Prediction Markets on Solana

Chainlink partners with Jupiter Exchange to enhance its prediction markets on Solana, offering 5-minute and 15-minute markets for major cryptocurrencies. This integration ensures fast, secure data, boosting user confidence and transparency in decentralized trading.

BlockChainReporter4h ago

Polymarket Data: Market Bet on DeepSeek V with a 42% probability as of March 31

Gate News Report, March 11 — According to the latest data from Polymarket, the market odds that DeepSeek V will be released on March 31 are 42%. Currently, the trading volume on this prediction market has exceeded $1.04 million.

GateNews4h ago

WBC Classic》Tomorrow morning's Italy vs. Mexico game teaches you how to do the math. What are the U.S. qualification conditions and elimination scenarios?

In the WBC Classic Tournament preliminaries, the United States unexpectedly lost to Italy 6-8, affecting their chances of advancing. The US team’s qualification depends on the result of the Italy vs. Mexico game; if Italy wins, both Italy and the US advance; if Italy loses, the decision will be based on points allowed. The prediction market shows a higher probability of Mexico winning. The US team needs to rely on other teams' results to secure a spot in the next round.

CryptoCity4h ago

Polymarket prediction market single account investment of $5,800 drives the probability of a specific option from 4% to 88%

On the Polymarket prediction market, an account invested $5,800 to buy options with a transaction volume exceeding $1.5 billion for the crypto payment card, causing the probability to surge from 4% to 88%. This change was driven by PaymentScan adding RedotPay data, increasing the transaction volume from $1 billion to $1.456 billion, approaching the preset threshold.

GateNews5h ago
Comment
0/400
No comments