Stablecoins Are the âQuiet Winnersâ of Polymarketâs Surge: Coinbase Research
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最新报道：Polymarket is pursuing a $1 billion valuation in a funding round led by Founders Fund, with Coinbase analysts highlighting stablecoins as key beneficiaries of its trading infrastructure. The platform exclusively settles trades in Circle's USDC stablecoin on Polygon, generating substantial demand through its high-velocity prediction market activity - continuously settling, redeploying, and transferring balances. With over $14 billion in lifetime trading volume, including $1 billion processed in May alone and 20,000-30,000 daily active traders, Polymarket's activity has directly impacted USDC usage. Notably, monthly volume surged to $2.5 billion following the 2024 U.S. presidential election, driving corresponding spikes in USDC transfers. Analysts predict further growth as prediction markets evolve into viral social content through Polymarket's new partnership with X.
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