Prediction Markets Reach $550M TVL, Polymarket Dominates Share

Polymarket leads with $330M in total value locked, while Kalshi posts record single-day trading volume of over $535M.

Summary

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Terms & Concepts
  • Total Value Locked (TVL): The total value of assets deposited in a blockchain application or platform, used as a measure of its size and usage.
  • Prediction Market: A marketplace where participants trade contracts tied to future events, with prices reflecting collective probabilities.
  • Trading Volume: The total amount of an asset traded during a specific period, indicating market activity and liquidity.