- Trading volume on the platform totaled $11.4 billion for the year.
- Despite the existing difficulties in operations, the attitude of political and financial circles towards the service is changing, according to the company's CEO.
Decentralized blockchain-based prediction platform Polymarket has allowed users to deposit funds via the Solana blockchain.
The Polymarket platform is known for its real prediction markets, allowing users to bet money on a wide range of events. Betting odds change dynamically depending on market activity. Coinpaper has a separate article about this service.
Current bets in the cryptocurrency section at the time of writing include the price of bitcoin, Ethereum and Solana through the end of March 2025, the token ticker of rapper Kanye West, who intended to launch Swasticoin or YZY, and Trump's bitcoin reserve in 100 days.
At the same time, unusual wagers can be found on the platform, including the probability of the return of Jesus Christ in 2025, which is estimated at 3% at the time of writing.
Over the past year, trading volume on Polymarket has reached $11.4 billion, according to Token Terminal at the time of writing.
The platform has also established a reputation for accurate predictions regarding key events, particularly the results of the U.S. presidential election in 2024.
However, Polymarket also faces regulatory pressure:
- last year, Taiwanese authorities criminalized a user who bet on the country's presidential election in violation of local gambling laws;
- the platform is banned in Thailand, Singapore and France;
- in United States, access to Polymarket has been restricted since 2022 following a settlement with the Commodity Futures Trading Commission (CFTC) over unregistered binary options trading.
Nevertheless, Polymarket is working to improve attitudes from political and financial representatives. For example, Polymarket CEO Shane Coplan was invited to the first cryptosummit of the White House on March 7.
EigenLayer, Polymarket and UMA will develop a next-generation oracle for the prediction marketplace
EigenLayer's restaking protocol, betting platform Polymarket and blockchain project UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. It will be based on the EigenLayer infrastructure, utilizing the EigenLayer restacking mechanism and the EIGEN token.
UMA emphasized that the goal of the collaboration is to improve the functionality and reliability of oracles for prediction markets so that they can operate effectively in a variety of environments as markets expand and change.
"Leveraging UMA's deep knowledge of oracles, the scale and popularity of Polymarket, and EigenLayer's innovative approaches to intersubjectivity, we are developing an oracle that will enable prediction markets to better align dispute resolution with their community and enhance oracle capabilities and economic security," said UMA.
It is important for prediction markets to allow oracles to address different questions in natural language with varying levels of subjectivity, so prediction markets cannot rely solely on oracles that publish data from API sources to blockchain, the UMA team noted.
The optimistic oracle meets the needs of prediction markets by responding to any questions in natural language, and suggested answers can be appealed by anyone within one call period, although in practice disputes only arise in around 1% of cases, it said.
Polymarket uses UMA's optimistic oracle to settle markets but is looking to expand its capabilities.
UMA noted that the next-generation oracle could contain a dynamic bond system that adapts its size and duration of call periods depending on market characteristics, giving multiple proposed participants and challengers the flexibility to manage their bond positions during variable call periods. This "innovation" will increase the efficiency of the oracle and reduce unnecessary disputes due to error or subjectivity.
The partnership with EigenLayer could enable Ethereum (ETH) stakers to provide oracle, strengthening its economic support through network security.
At the same time, the EigenLayer platform allows users to re-stack ETH or liquid-stack tokens to provide additional services such as oracles, which improves their reliability.
Unlike traditional decentralized oracle networks such as Chainlink and Pyth that collect data from multiple external sources, the new oracle system emphasizes community consensus and dispute resolution, making it well suited for prediction markets.
Trading volume on PumpSwap exceeds $1.2 billion in eight days
Trading volume on pump.fun's PumpSwap decentralized exchange exceeded $1.2 billion in eight days. Between March 18 and March 25, 2025, the number of active wallets on the platform totaled more than 391,000, according to Dune.
In the last 24 hours, trading volume totaled more than $538 million. The data also showed that PumpSwap's fees exceeded $2.37 million and liquidity provider fees exceeded $593,000. PumpSwap's daily fees topped $1 million on March 24, which is already "on par" with pump.fun.
Note that the data on Dune and DeFiLlama differ significantly. According to information from the latter service, since its launch, the trading volume on PumpSwap amounted to about $63.5 millions.
