Polymarket, a decentralized prediction market platform, has experienced significant growth in recent weeks. According to data from DeFi analytics platform DefiLlama, Polymarket’s total value locked (TVL) surpassed $340 million on October 30, 2022, reaching $340.4 million. This represents a remarkable 159% increase in TVL over the past month alone. Polymarket enables users to bet on the outcomes of real-world events using cryptocurrency, providing an engaging way to participate in prediction markets. The platform’s rapid growth in TVL underscores the increasing popularity of decentralized finance (DeFi) applications and highlights the potential of prediction markets in the blockchain ecosystem.
Reference(s):
– [DefiLlama – Polymarket TVL](https://m.theblockbeats.info/news/268489)
