Data: Polymarket's monthly trading volume, number of active traders, and number of new markets in October all reached record highs

According to The Block, the decentralized prediction market platform Polymarket saw a significant rebound in activity last month, with October's trading volume, number of active traders, and new markets all reaching historic highs. Its competitor Kalshi surpassed Polymarket in trading volume in October, reaching $4.4 billion.

Data shows that the number of monthly active traders on Polymarket hit a record high of 477,850 in October, surpassing the previous record of 462,600 set in January. This strong rebound for the platform comes after a decline in monthly active users throughout the year, with the number of monthly traders dropping to a low of 227,420 in August. Compared to September's 246,610, October's data represents a month-over-month increase of 93.7%.

Polymarket's monthly trading volume also rebounded to a record $3.02 billion last month, after hovering around or below $1 billion from February to August. The number of new markets opened on the platform in October reached 38,270, nearly three times that of August.

Although Polymarket has not yet issued a token, its Chief Marketing Officer Matthew Modabber recently confirmed plans to launch a native POLY token and related airdrops. This news may have driven the surge in platform activity, as airdrop announcements typically attract a large number of traders to the platform to meet the conditions for receiving the airdrop.