Polymarket’s Profit Concentration Mirrors Traditional Finance as Top 0.04% Dominate
Polymarket's trading landscape reveals stark inequalities reminiscent of traditional markets. Blockchain analytics from DeFi Oasis show 70% of the platform's 1.7 million addresses recorded losses, while a microscopic 0.04% captured 70% of total profits—amounting to $3.7 billion in concentrated gains.
The data paints a brutal picture: 668 addresses secured million-dollar profits, collectively controlling 71% of all gains. Meanwhile, 1.1 million traders—representing 63.5% of participants—found themselves underwater. Those managing modest profits between $0-$1,000 constituted 24.56% of addresses but scraped just 0.86% of total earnings.
"The numbers don't lie—this is Wall Street-level concentration in decentralized clothing," remarked one analyst reviewing the findings. Crossing the $1,000 profit threshold required outperforming 95.1% of peers, highlighting the extreme competitiveness of crypto prediction markets.
