Is a market explosion imminent? Opinion: 50-day trading volume exceeds $6.4 billion

Question

【BlockBeats】The prediction market niche has been very popular recently. In mid-December, data analytics platform Dune, together with Keyrock, KPMG, and other organizations, released an industry research report pointing to an interesting phenomenon—bringing traditional financial macro indicators onto the blockchain for trading.

Specifically, economic data such as inflation rates, interest rates, and employment figures are being standardized and transformed into tradable asset forms. Opinion is a typical representative of this track, and it has scaled this model effectively.

The data is astonishing: Opinion has only been live for 50 days, and its cumulative nominal trading volume has exceeded $6.4 billion. Its single-day trading volume has multiple times surpassed $200 million, ranking first in the entire prediction market industry. This growth rate reflects that the on-chain trading demand for traditional financial indicators is much larger than many people imagine.

Interestingly, this is not purely a native crypto play, but a combination of traditional institutions and Web3 forces. When macroeconomic tools meet decentralized trading, it seems to be opening a new liquidity channel.

screenshot_gains · Accepted Answer

$6.4 billion in 50 days? How many people are gambling on economic data? Is this real?

SilentObserver · Answer

50 days, 6.4 billion... This growth rate is really incredible, but it also feels like a bubble.

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Moving traditional finance onto the chain? Sounds fresh, but it's basically just a shell swap to speculate on the same thing.

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This round is indeed fierce, but could it be another flash-in-the-pan project? Who knows.

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Breaking 200 million in a single day, this track still has popularity.

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On-chain transaction economic data... It's just a rebranding with the crypto label; essentially, it's still gambling.

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I just want to know how much of this 6.4 billion is real money, and how much is just inflated volume.

NonFungibleDegen · Answer

bruh 64B in 50 days... either this is actually the move or we're all getting liquidated together, no in between fr

GasGoblin · Answer

50 days, 6.4 billion? Come on, these numbers sound as fake as bubbles in traditional finance.

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On-chain trading of traditional financial indicators? Basically, it's still gambling on economic data, no different from betting.

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This wave is indeed fierce, but can this growth rate last? I have my doubts.

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On-chain macro indicators... it feels like opening a new loophole for institutions to harvest retail investors.

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Wait, can inflation rates and employment data be traded? Isn't that like trading national destiny? Interesting.

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6.4 billion in just 50 days? Or is this just a nominal trading volume trick, how much was actually transacted?

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I believe in the explosion of prediction markets, but how long Opinion can stay popular is really hard to say.

P2ENotWorking · Answer

4.0 billion USD in 50 days? This growth rate is outrageous, it feels like the prelude to another round of cutting leeks.