Weekly prediction market volume hit $14.4 billion for the first time last week — up from roughly $5-6B at the start of the year. The previous all-time high, roughly $10B, was set only a week prior. Total volume across all platforms is now more than 10x what it was a year ago. Open interest hit..
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Sui’s DeFi liquidity also expanded, but more slowly than its token price, while a recent pullback interrupted the rally.
Reported staking rewards equaled about 69% of net trading losses, but the payouts redistribute money to PAPER stakers rather than reimburse each losing trader.
Spot bitcoin, solana, and ether ETFs all logged weekly outflows following last week's trading, a notable shift for some of the funds.
DefiLlama tracked $137.1 million in trader balances and house liquidity combined. Those funds are not all available to pay winning trades.
Trading is scheduled for 10 a.m. ET on Oct. 10. User deposits are separate from the house-side pool, which starts at zero and grows from traders’ losses.
The token’s rally outpaced bitcoin and ether, while daily trading on Starknet’s decentralized exchanges rose to about $33.7 million.
