According to data,lighthouse ethereum connect to single peer Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million.

Polymarket Records Post-Election Lull

Polymarket, the blockchain-powered prediction platform saw a surge of activity as bettors speculated on the outcome of the presidential race between Donald Trump and Kamala Harris. Unsurprisingly, Polymarket users accurately predicted Donald Trump’s win before Election Day ended. Yet, after the election, the flurry of activity slowed, and volumes have trended downward since.

Polymarket open interest as of Dec. 29, 2024.