KEYTAKEAWAYS
- Polymarket’s on-chain activity jumps 192% with 56,000 daily wallets; Aave’s RLUSD supply hits 448M; $441M in crypto liquidations shake markets.
- Prediction markets surge as Polymarket grows 192%; Aave’s stablecoin demand rises; massive $441M liquidations show volatility remains high.
- Polymarket leads on-chain prediction boom; Aave strengthens DeFi liquidity; $441M liquidations reveal fragile sentiment across crypto markets.
CONTENT
POLYMARKET ON-CHAIN ACTIVITY SURGES 192%, DAILY ACTIVE WALLETS REACH 56,000
Decentralized prediction market Polymarket has seen a sharp surge in on-chain activity. Data shows that daily active wallets have surpassed 56,000, marking a 192% increase over the past 30 days, with cumulative trading volume reaching $15.4 billion. As one of the largest-funded crypto projects in recent years, Polymarket’s ecosystem activity and market attention are rapidly rising. The community widely anticipates that a potential airdrop could become the next major market catalyst.
Polymarket’s explosive growth highlights the mainstreaming of on-chain prediction markets. By blending news events, political forecasts, and on-chain speculation, the platform has significantly enhanced user engagement and media traction. Against the backdrop of the growing trend of “financialization of social narratives,” Polymarket has become a flagship platform for on-chain real-world sentiment trading (RWA of sentiment). If an airdrop is eventually launched, it could greatly expand its user base and cement prediction markets as a core narrative and capital hotspot in the next market cycle.
AAVE’S STABLECOIN RLUSD HITS RECORD HIGH SUPPLY OF 448 MILLION
The total supply of Aave’s native yield-bearing stablecoin, RLUSD, has climbed to 448 million, a new all-time high. This reflects rising demand for Aave’s ecosystem-native stablecoin, as liquidity continues to flow into the protocol.
The record supply underscores how DeFi liquidity is consolidating around leading protocols. As Aave builds a more complete yield and utility loop for RLUSD, the token is positioned to become a key driver of revenue and liquidity growth within the ecosystem. Meanwhile, this trend signals that market capital is shifting away from speculative assets toward stablecoins with real use cases and yield logic, marking a structural maturation in the DeFi space.
$441 MILLION IN LIQUIDATIONS ACROSS THE MARKET IN 24 HOURS
According to Coinglass, over the past 24 hours, the total crypto market saw $441 million in liquidations, as sharp price volatility triggered large-scale position wipeouts on both sides. Long positions accounted for $290 million, while short positions totaled $151 million, suggesting that bullish traders faced heavier pressure during the recent pullback.
Breaking it down, Bitcoin and Ethereum were the main contributors, with BTC long liquidations around $60 million and ETH long liquidations about $78 million.
The intensified volatility and concentrated liquidations highlight a fragile market sentiment. With major assets oscillating near key support zones, leveraged long traders have borne the brunt of recent shakeouts. In the short term, the market may enter a high-volatility, low-leverage defensive phase, but if liquidity stabilizes and trading volume recovers, this wave of forced liquidations could reset market structure, paving the way for a healthier rebound.
