• blockchain&beyond
  • news
  • 24 Sep 24

Finding a gold mine — the fastest growing sector in crypto

We show that crypto gambling sectors, such as meme tokens or Polymarket (betting), are growing the fastest and attracting record investments.

  • 101
  • 0
  • 0
nfteu
  • rating +15
  • subscribers 53

One of the hot topics of late that promises to eclipse memcoins is crypto-based gambling. If you think about it, meme tokens are the theme of gambling on the lite. But we are now talking about full-fledged blockchain-based betting platforms that allow you to control the fairness of gambling.


The astute reader has already realized that we are talking about Polymarket, a star project that took off in 2024. It is an online prediction market platform that allows users to bet on the outcome of world events using cryptocurrency to purchase shares (bets).


As a striking comparative metric, TheBlock cites data from analytics platform CryptoSlam — Polymarket’s turnover in August was more than all NFTs across all blockchains combined.


Another gambling-themed service, Pump.fun, surpassed $100 million in turnover and, just like Polymarket, continues its aggressive growth further.


Our attention was drawn to another similar service, Drift, powered by Solana, which recently raised an easy $25m to create a «super app». This platform plans to create a range of tools for financial services, mainly a prediction and betting marketplace.

The service has stated that it will raise another $20 million in the near future. The ease with which investors are plowing money into such topics is striking.

All these super-successful services have one thing in common — gambling and excitement. Examples of these services show how dynamic and fast-growing this market is. Therefore, if we are to identify a real gold mine in crypto now, it is not memcoins, but something more — gambling.

Disclaimer: we do not give financial advice (FA) on investing and buying cryptocurrencies, this article is informational only.
  • 101
  • 0
  • 0