TVL concentration (top-10 wallet share)
Polymarket's assessment for RD-F-064 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Top-10 depositor wallet share not precisely computable due to Polymarket proxy wallet architecture (each user gets a 1-of-1 Gnosis Safe). Structural concentration is evident: single markets accumulate >$858M cumulative volume (2026 FIFA World Cup) and >$1B (2028 Dem Nominee). Market-maker side is decentralized (Herfindahl index median 0.031 = ~32 effective makers per 600-market study). Trader-side concentration data not publicly available. Yellow reflects partial evidence and structural event-driven concentration pattern.
Sources #
- URLPolymarket homepage — top markets by volumePolymarket homepage market volumes: FIFA World Cup $858.7M+, Dem Nominee 2028 $1B+retrieved 2026-04-29
- The Anatomy of a Decentralized Prediction Market: Microstructure Evidence from the Polymarket Order BookArxiv microstructure study: 52-day dataset (Feb 21–Apr 15, 2026), 600 markets. Maker Herfindahl index median 0.031.retrieved 2026-04-29
Methodology #
Compute the percentage of protocol TVL held in the top-10 depositor addresses.
See the full factor methodology and distribution across all protocols →