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Decentralized Exchanges

Going Poly-market

May 31, 2024 ⋅  7 min read

Prediction markets, in general, and Polymarket, in particular, aren’t new in crypto. Still, they have gained traction lately, with users speculating on various events like ETF approvals, election results, and war outcomes. Polymarket has recently reached multi-year highs in volumes, users, and open interest. Will Polymarket continue its strong momentum, and will crypto’s incessant speculation be its killer use case?

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Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.

Nikhil is a Researcher focused on Web3 Infrastructure and Decentralized AI. Previously he was leading BD at Upshot and prior to that was working on growing Avalanche at Ava Labs.

Mentioned in this report

About the authors

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.

Nikhil is a Researcher focused on Web3 Infrastructure and Decentralized AI. Previously he was leading BD at Upshot and prior to that was working on growing Avalanche at Ava Labs.

Mentioned in this report