Polymarket is proving its place - Is there an airdrop?
The number of users remains stable after the explosion of the US Presidential election event, currently Polymarket is the destination for many events such as the FED reducing interest rates, the war in the Middle East, or sporting events,...
1. From political betting to a new 'liquidity sink'
- Polymarket started in 2020 with $4M Seed from Polychain and a team of crypto angels.
- Back then, most still viewed the prediction market segment as a niche 'toy'.
- But in 2024-2025: volume exploded to over $2 billion/month, active traders peaked at 400k, turning it into a massive macro betting platform - everyone has to take notice.
2. Massive funding rounds
- Seed 2020: $4M
- Series A (2024): $25M, Naval Ravikan,...
- Series B (5/2024): $45M, Founders Fund + Vitalik Buterin involved
- Series C (4/10/2024): $90.9M, this round is not mentioned on various pages, but Crunchbase-type trackers do list it
- Most recent round (6/2025): Leak Bloomberg: $200M, valuation ~$1B.
3. On-chain data
- Looking at Polymarket's Dune, there is a Daily volume consistently >30M, stable active traders at 20-40k/day.
- Monthly volume is stable, Polymarket's volume closely follows the US election cycle, rate cuts, geopolitics… every hot narrative period sees a spike
4. Personal opinion on airdrop
- Personally, I don't think Polymarket could have an airdrop like Hyperliquid, because the backing team involvement and operational methods are completely different
- It feels like @Polymarket wants to become a big company in the prediction space, integrating traditional factors, rather than leaning towards a crypto project and issuing a token
- It can be seen as a decentralized place for crowd sentiment, potentially utilizing Polymarket's data to read macro sentiment
