Prediction Markets Rise Above Crypto Downturn With Record Volume

Prediction markets bucked the trend of declining crypto volumes in Q2, reaching a record $113.8 billion in notional volume.

This stands out against a backdrop of falling spot trading volume on centralized exchanges (CEXs), which declined by 27.9% to $1.95 trillion from Q1's $2.7 trillion.

Perpetual futures trading also saw a drop, down 10% at $12.7 trillion, while stablecoin market capitalization slipped 1.6% to $305.1 billion.