Maker activity on Polymarket falls after late-December and early-January peaks

Beincrypto reports new on-chain analysis showing that high-conviction crypto trading on Polymarket cooled steadily since early January after peaking twice in late December and the first week of the new year.

The dataset focused on makers—wallets that actively placed orders and provided liquidity, not casual users or passive viewers. Daily crypto maker activity climbed into the high-30,000s in late December and around 40,000–45,000 in early January, then reversed after January 9, falling toward the low-20,000s and dropping sharply at the end of the window. Bitcoin-only maker wallets followed the same pattern, declining to 2,875 by January 18 from five-figure levels seen earlier. Weekly data showed Polymarket still accounted for the bulk of prediction-market users, with total weekly users across platforms in the high-200,000s to low-300,000s during peak weeks even as maker participation waned.

The analysis says the maker-only decline suggests liquidity providers pulled back before broader user numbers fell, indicating a cooling risk appetite rather than a mass exit; traders remain active on prediction markets but are less willing to take directional risk. The report also reminds readers to verify facts independently and consult professionals before acting on the information.

Key Topics

Crypto, Polymarket, Bitcoin, Prediction Markets, Liquidity Providers, Meme Coins