Polymarket Trading Volume Revealed: The Surprising Double-Counting Mistake Inflating Prediction Markets
Double-Counting Error in Polymarket: An analysis by Paradigm reveals that Polymarket's trading volume is significantly inflated due to a double-counting error by analytics platforms, which mistakenly sum both buyer and seller transactions as separate trades.
Impact on Data Transparency: This inflation of trading volume raises concerns about data transparency in decentralized finance, as accurate volume metrics are crucial for assessing market health and investor confidence in prediction markets.
Affected Analytics Platforms: Major analytics platforms like DeFiLlama, Alium, and Blockworks are identified as using flawed methodologies that do not account for Polymarket's unique transaction structure, highlighting a broader challenge in DeFi analytics.
Call for Improved Methodologies: The incident emphasizes the need for analytics platforms to adopt protocol-specific accounting methods and for investors to verify volume metrics across multiple sources to ensure accurate data interpretation.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000203 | 0.000249 | 0.000292 | 0.000338 | 0.000381 | 0.000427 | 0.00047 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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