84.1% of all Polymarket traders are in the red, according to new research published today, April 6, by independent on-chain analyst Andrey Sergeenkov.
The report looked at 2.5 million wallet addresses, analyzing data from on-chain transactions on Polygon, via Dune Analytics. Sergeenkov found that over the past year, only 2% of traders have ever made more than $1,000 in their entire history on the platform, and just 0.033% — or 840 addresses — have earned $100,000 trading on Polymarket.
Sergeenkov also took on the claim that traders can earn a living on Polymarket, analyzing the odds of consistently earning $5,000 per month — just below the average monthly salary in the U.S. — and found that those odds are less than 1% in any single month.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
