Announcements Gate Research: Polymarket Hits $1B Monthly Volume, Base Network USDC Transfers Reach Record High

Gate Research: Polymarket Hits $1B Monthly Volume, Base Network USDC Transfers Reach Record High

2024-10-18 09:26:18 UTC 14693 Read

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Gate Research Daily Report (October 18): In the past 24 hours, the price of Bitcoin increased by 0.81%, currently at $68,072, while Ethereum rose by 0.15%, reaching $2,621. U.S. Bitcoin and Ethereum spot ETFs recorded net inflows of $470 million and $48.41 million, respectively. The Bitcoin reserves held by cryptocurrency exchanges are now around 2.68 million BTC, marking a historic low. Polymarket’s trading volume in October 2024 hit a new record, surpassing $1 billion. Additionally, six projects publicly announced funding rounds in the last 24 hours, with the highest amount being $12.5 million.

**Market Analysis**: BTC increased by 0.81%, currently priced at $68,072, while ETH rose by 0.15%, reaching $2,621.
**Top Performers**: The most popular tokens in the past 24 hours are DIA, ALEPH, and VOLT.
**Data Highlights**: The Base network's USDC transfer volume reached an all-time high, processing over $17.5 billion in a single day.
**Spotlight Analysis**: Orderly Network will integrate with Solana, becoming the first omnichain order book platform that supports both EVM and non-EVM chains.
**Market Opportunities**: A total of 6 projects have announced funding, with the highest amount being $12.5 million. The funding spans across DeFi, LSD (Liquid Staking Derivatives), DAOs(Decentralised autonomous organisations), infrastructure, modular blockchain, zk (zero-knowledge), and on-chain compliance solution sectors.

Explore today's details   👉🏻  [Gate Research: Polymarket Hits $1B Monthly Volume, Base Network USDC Transfers Reach Record High](https://gate.io/learn/articles/gate-research-polymarket-hits-1b-monthly-volume-base-network-usdc-transfers-reach-record-high/4445?ch=GDR_ann_20241018&utm_campaign=TR_rm2ee2Y8&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: Polymarket Hits $1B Monthly Volume, Base Network USDC Transfers Reach Record High")

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Oct 18th, 2024

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