Open interest on Augur prediction markets passes $1M
October 25, 2020, 11:23AM EDT
1 min read
On Thursday, open interest on Augur's prediction market passed $1M, according to The Block's data dashboard.
Open interest activity appears to be fueled by the growing U.S. presidential election markets on Augur in addition to new user-friendly trading interfaces like Catnip.Exchange popping up. The second version of Augur was launched on July 28, 2020, with limited fanfare due to the high-friction user-onboarding process. Soon after launch, the Augur team executed a "v2 Redo" release to address issues found in the initial launch.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.