CoinGecko said the sector reached a quarterly high even as spot CEX trading, derivatives volume and stablecoin market cap declined across the broader crypto market.
Prediction markets recorded a quarterly record of $113.8 billion in notional volume in Q2 2025, highlighting continued speculative activity in that corner of crypto even as broader market activity softened. CoinGecko said the milestone came during a period when spot CEX (centralized exchange) trading, derivatives volume and stablecoin market cap all fell, suggesting traders kept using event-based markets while other crypto segments cooled.