ChainCatcher reports that the total market trading volume in February reached $23.4 billion, down about 12% from the record $27.1 billion in January, ending a five-month growth streak and marking the first monthly decline since August 2025. The decline was mainly driven by BNB Chain platform Opinion, whose trading volume plummeted from over $10 billion to $3.1 billion. It is worth noting that the authenticity of Opinion’s data has previously been questioned.
Meanwhile, performance across platforms has varied. Kalshi’s trading volume rose to a record high of $9.8 billion, further solidifying its position as an industry leader; Polymarket saw a slight increase, from $7.7 billion to $7.9 billion.
Prediction markets have evolved from niche tools to mainstream financial applications in recent years, widely used for forecasting elections and economic indicators.
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