Polymarket, a blockchain-powered prediction market, experienced significant growth in July 2024. The platform recorded $387 million in trading volume, marking a 250% increase from the previous month, and added 65,000 new accounts, a 240% rise. The number of active traders also surged by 50% to 44,523. Polymarket's total open interest reached $84 million, doubling from the previous month. Despite the U.S. presidential election contributing to its success, a substantial portion of new users engaged in non-election markets. The platform's CEO, Shayne Coplan, hinted at the introduction of fees to boost revenue, as Polymarket's total volume surpassed $1 billion with $343 million in July. Additionally, Polymarket's website traffic outpaced other DeFi platforms, including Uniswap and dYdX, and accounted for 6% of Polygon PoS transaction fees.