Over $340 million has been removed from the onchain prediction market Polymarket since the U.S. presidential election concluded, and almost 90% of that capital has already left the Polygon blockchain.
Polymarket’s total value locked (TVL), which has been on a parabolic uptrend in 2024, has dropped 64% from $512 million to $185 million in just 3 days. In the same timeframe, Polygon’s TVL is down 19% to $1.1 billion from $1.35 billion, rebounding slightly as token prices rise from its Nov. 6 low of $1.05 billion.
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#undefined [Source: TheDefiant]