Only 12.7% of crypto wallet addresses on Polymarket have made a profit

Data from the on-chain analysis tool Layerhub shows that out of 171,113 cryptocurrency wallet addresses on Polymarket, 149,383 (87.3%) have not made a profit. There are 21,730 wallets confirmed to have made a profit, accounting for 12.7% of all participating crypto wallets. Among the wallets reporting profits, only 2,138 users earned more than $1,000 USD with most profits ranging between $0-100 USD.