According to The Block's data dashboard, the decentralized prediction market platform Polymarket has accumulated more than $1 billion in trading volume since its launch. Over the past year, the platform has played an increasingly important role in the cryptocurrency space, attracting users who are keen to trade based on predictions of various outcomes, especially political events. In June, Polymarket's cumulative trading volume was $663 million, and in July it surged about 58% to $1.05 billion.