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Polymarket’s Chainlink-Powered 5- and 15-Minute Markets Reach $153M+ Daily Volume

The post says short-duration prediction markets using Chainlink (blockchain oracle network) data have tripled in daily volume, with more than $4 billion traded and over $200 million in the first week of 5-minute markets.

Summary

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Terms & Concepts
  • Chainlink: A blockchain oracle network that delivers external data to smart contracts (self-executing blockchain code).
  • Prediction markets: Markets where users trade on the outcome of future events, with prices reflecting collective expectations.
  • Daily volume: The total value traded in a market over a 24-hour period, often used to gauge activity and liquidity.