DeFi & L1L2 Weekly — 📈 Polymarket hits US$2.5 billion in volume amidst the US presidential election; TON Foundat…
DeFi & L1L2 Weekly — 📈 Polymarket hits US$2.5 billion in volume amidst the US presidential election; TON Foundation launches Society DAO to enhance decentralised governancePolymarket hits a record of $2.5 billion in volume amidst the US presidential elections. TON Foundation launches Society DAO to enhance decentralised governance. Swell launches optimistic rollup in OpWeekly DeFi IndexThe market capitalisation and volatility indices were negative at -8.97% and -23.11%, respectively, while the volume index was positive at +3.99%.
Chart of the WeekElection-betting markets have risen in popularity during the US presidential cycle. Polymarket, a blockchain-based prediction platform, has seen its monthly trading volume exceed US$ one billion in October, with a cumulative trading volume of $2.45 billion from August to 6 November 2024. Kalshi, another prediction marketplace, has started accepting USDC deposits from 28 October, enabling US traders to bet on the presidential election and congressional races. This move has led to over $20 million in USDC being deposited by 21,000 users within 36 hours of its launch. News Highlights
Recent Research Reports
Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT. Recent University Article
AuthorResearch and Insights Team DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Thanks for reading Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming! Subscribe for free to receive new posts and support my work. Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
🤝Crypto.com acquired SEC-registered broker-dealer Watchdog Capital; Crypto.com ranked as the top USD-supported cr…
Monday, November 4, 2024
Bitcoin ETFs hold over a million BTC ($70.4 billion); the Crypto.com Exchange ranked as the top USD-supported crypto exchange in October; UBS launched a tokenised fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📈 NFT market sees first positive monthly growth since March 2024; Pudgy Penguins…
Friday, November 1, 2024
📈 NFT market sees positive monthly growth in Oct 🚀 Yuga Labs launches Layer-3 chain ApeChain on Arbitrium 🐧 Pudgy Penguins is developing a mobile game and launched its toy line in Walgreens ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈 Solana’s weekly fees outpaces Ethereum's; Lido approves permissionless ETH staking with mi…
Wednesday, October 30, 2024
Solana hits a new high in weekly fees, outpacing Ethereum's. Lido DAO approves vote for permissionless ETH staking with minimum collateral of 2.4ETH. Uniswap collabs with Across for cross-chain
📈 Bitcoin dominance reached the highest level since April 2021; BRICS nations unveiled BRICS Pay
Monday, October 28, 2024
Bitcoin dominance reached the highest level since April 2021; BRICS nations unveiled its new payment system, BRICS Pay; Stripe acquired stablecoin platform Bridge in a US$1.1 billion deal. ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈 DEX vs CEX spot trading volume ratio reaches its second highest level; Bittensor upgrade e…
Wednesday, October 23, 2024
DEX vs CEX volume ratio reaches its second-highest level. Bittensor upgrade enables Ethereum compatibility. World Network launches Layer-2 blockchain, World Chain. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
You Might Also Like
Reminder: President Biden Calls Nigerian PM To Secure Binance Executive Release
Thursday, November 7, 2024
We bring you the top stories in crypto every week! Stories like... Monday Nov 4, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR President Biden Calls Nigerian PM To Secure Binance Executive
Bybit COO Helen: Inside the Second Largest Crypto Exchange
Thursday, November 7, 2024
Helen Liu is an atypical executive in the crypto exchange world. She comes from a human resources background and was new to crypto when she joined the exchange. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
US Bitcoin Reserve asset, Freeing Ross Ulbricht, Firing Gary Gensler… Time for Trump to deliver
Wednesday, November 6, 2024
Trump's crypto-friendly agenda promises a seismic shift in US digital assets strategy, driving Bitcoin to record highs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈 Polymarket hits US$2.5 billion in volume amidst the US presidential election; TON Foundati…
Wednesday, November 6, 2024
Polymarket hits a record of $2.5 billion in volume amidst the US presidential elections. TON Foundation launches Society DAO to enhance decentralised governance. Swell launches optimistic rollup in Op
Mining News in October:Ethiopia Becomes Mining Concentration, Northern Data Plans to Divest Mining Business, Bitco…
Wednesday, November 6, 2024
Title sponsored by Bitdeer, a NASDAQ-listed mining company. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
US markets, Bitcoin poised for rally regardless of elections outcome
Tuesday, November 5, 2024
Fundstrat's Tom Lee sees year-end rally as election uncertainty fades, while Bernstein predicts Bitcoin's resilience and potential growth to $200000 by 2025 amid fiscal challenges. ͏ ͏ ͏ ͏ ͏ ͏
Crypto Market & Polymarket Dynamics Heading into Elections
Tuesday, November 5, 2024
Coin Metrics' State of the Network: Issue 284 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
OneKey: How Can the Latest Mac Trojan Steal Your Crypto Wallet in 10 Seconds?
Tuesday, November 5, 2024
It's commonly said in the crypto world that Apple computers are safer than Windows systems, but nothing is completely secure. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
⚡ I've never seen this before with newsletter ads
Tuesday, November 5, 2024
[Read the browser version right here] Quick one today. But really interesting. I saw this on a newsletter thank-you page and thought it was SUPER smart. Why? Because when you run a standard