Prediction Market Analysis

Prediction Market Analysis

This dashboard provides a comprehensive overview of key prediction market protocols, focusing on their trading volume, market share, and core financial metrics.

Insight: Volume Trends & Market Share The stacked bar chart above illustrates the absolute monthly trading volume for each specified prediction market protocol. The 100% stacked area chart provides a clear view of their relative market share over time, highlighting shifts in dominance within the sector.

Insight: TVL/Volume Ratio for Polymarket and Opinion The TVL (Total Value Locked) to Volume ratio is a key indicator of capital efficiency. A lower ratio suggests that a protocol can generate more trading volume with less locked capital, potentially indicating higher liquidity utilization or faster turnover of assets. Conversely, a higher ratio might suggest underutilized capital or a different operational model where TVL serves more as collateral than direct trading liquidity.

For prediction markets, TVL often represents the capital locked in active markets, while volume reflects the total value of bets placed. Analyzing this ratio helps understand how effectively these platforms are converting locked capital into trading activity.

Note on Kalshi Data: Open Interest data for Kalshi is not currently available through DefiLlama's tracking. The chart above displays Kalshi's daily trading volume, which serves as a proxy for activity on the platform.