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Four most popular cryptocurrencies on Polymarket identified
The Polymarket platform and Bitget Wallet analyzed the activity of 1.29 million accounts on the prediction marketplace and identified the four most popular cryptocurrencies whose price movements users bet on most frequently.
From January to March, about 593,000 accounts participated in bets on Bitcoin’s price, with a total trading volume of $5.42 billion, according to the study citing Dune Analytics.
The average bet size on altcoins such as ETH, $SOL, and $XRP ranged between $2–3. A total of 294,000 users participated in bets on Ethereum, with a total trading volume of $1.19 billion. As for $SOL and $XRP, 185,000 and 132,000 users respectively attempted to predict their prices, with trading volumes reaching $420 million and $308 million. Overall, predictions were concentrated around only a few major crypto assets, while memecoins remained a niche segment — accounting for 11,000 users and $5.6 million in trading volume.
The cryptocurrency market accounted for about 40% of total Polymarket user activity. The sports category led with $10.1 billion in volume, posting a 45% increase in March driven by the National Basketball Association (NBA) championship and the annual NCAA March Madness basketball tournament.
Betting volume on cryptocurrencies increased by 55%, reaching $7.3 billion in the first three months of the year: $1.91 billion in January, $2.39 billion in February, and $2.96 billion in March. Political betting volume rose by 33% to $5 billion. In March, weather prediction markets grew by 263% — as users can make daily temperature forecasts, the report noted.
In the first quarter of the year, 82.3% of platform users made trades under $10,000, while only 2.5% placed large bets exceeding $100,000. Prediction platforms differ significantly from traditional financial markets such as derivatives or exchange-traded funds (ETFs), where liquidity is concentrated among large players, representatives of Polymarket and Bitget explained.
In 2025, the average monthly trading volume on the prediction platform was $1.2 billion and reached $20 billion for the full year. This growth was driven by a sharp increase in the number of unique active wallets, which tripled and exceeded 840,000 within six months, researchers calculated. In March, market activity on the prediction platform reached $25.7 billion, up 10.6% compared to the previous month.
The authors cited a forecast by Bernstein, according to which the annual volume of prediction markets could reach $240 billion in 2026 and grow to $1 trillion by 2030.
“Prediction markets are entering a new phase where growth depends not only on the number of available activity areas but also on how effectively users can interact with them. In this environment, crypto wallets play an important role, enabling not only asset storage but also on-chain activity. Prediction markets are increasingly integrating into the daily information flow,” the authors concluded.
Recently, the administration of U.S. President Donald Trump banned White House staff from placing bets on prediction markets such as Kalshi and Polymarket to prevent abuse of power and the use of insider information.
