Open interest on Augur prediction markets passes $1M

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.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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