Trading volume
Trades involving the accounts
63.52%All four groups, combined
PERPSPUBLIC RECORDS · 31 DAYSFour groups of connected accounts
dominate Polymarket Perps.
54 accountsSeptember 3–October 3, 2026 · UTC
TRADING VOLUME
62.16%
of trading involved these accounts
$1.733bn of $2.788bn100%
OPEN INTEREST
44.71%
average daily share held by the groups
$27.37m held, on average100%
31 Treasury network11 Shared-funding network10 Account basket2 Mirrored pair
Volume: trades with at least one group member, counted once. Includes outside counterparties.
Open interest: positions still open. Each group’s opposing long and short positions count once.
Sources: public trade records, position histories & venue statisticsPOLYMARKET PERPS / SEPT 3–OCT 3, 2026
Four financial groups. The same 31-day comparison. Save chart as image
THE DAILY PICTURE · ALL 31 DAYS
A majority of the volume.
Every single day.
OPEN-INTEREST SHARE40.13% → 53.13%September 3 → October 3
The accounts stayed involved in more than half of each day’s trading. Their share of open positions grew. Follow both measures together.
Open interest
Positions at each daily observation
53.13%All four groups, combined
SEP 3OCT 3
Each point is a recorded day. Volume includes outside counterparties and counts each trade once. Open interest counts opposing positions once within each group.
Exact values for the selected day
Download all 31 daily totals ↓Volume includes trades with outside accounts. Trades between different groups overlap in the rows; the 62.16% total counts each trade once. Open interest counts each group’s opposing long and short positions once, using matching daily snapshots.
02 / WHAT THEY RECEIVED · WHAT THEY PAID
$1.02m in payments.
$204,961 in net trading fees.
Across these four groups, 50 accounts received payments from two distributors linked by transfers to Polymarket’s international exchange fee wallet.
| Group | Payments received | Net trading fees | Payments ÷ fees |
|---|---|---|---|
| 815,877.93 | 207,775.20paid | 3.93× | |
| 142,040.71 | 6,220.57net rebates received | Payments + rebates | |
| 47,246.25 | 1,035.56net rebates received | Payments + rebates | |
| 16,532.69 | 4,442.23paid | 3.72× |
Payments are separate credits into trading accounts. Net fees are trading charges minus execution rebates. The two groups marked “net rebates received” were credited more in rebates than they paid in charges. These figures exclude trading gains, losses and funding costs.
HOW THE PAYMENT WALLETS CONNECT TO POLYMARKET
Click each step for the wallets and transactions. The transfers pass through pooled balances; this links the payout network to fee infrastructure, without assigning every payment to a particular fee deposit.
03 / THE CONNECTIONS WITHIN EACH GROUP
Follow the funding.
The groups come from money transfers and capital movements. Here is the connection behind each one.
GROUP 131 accounts
The treasury network
Shared funding routes, recycled withdrawals and cash-out links join several branches into one financial network.
Treasury→Trading account→Another account
One route: 8bff → d04a → 059e. A 500,000-USDC treasury deposit precedes 190,100 pUSD recycled into the next account.
GROUP 211 accounts
The shared-funding network
48 verified direct USDC transfers connect the wallets. Eight members held large, mostly offsetting positions.
Common seed wallet→Funders→Trading accounts
On July 2, member cbdc sent 365,000 USDC each to four other members: 1.46m USDC in total.
GROUP 310 accounts
One wallet funds the basket
Member 8281 directly funded all ten accounts. The group also moved cash between members.
Five accounts→Pooling wallet→Other five accounts
On September 15, they withdrew, pooled and redistributed 2,185.21 pUSD in 144 seconds.
GROUP 42 accounts
The mirrored pair
Connected funding wallets supplied the pair. Their trading portfolios took opposite positions.
Funding network→Account C⇄Account D
All 50 executions were against each other: $9.00m of trading in the month.
The four groups are kept separate. Transfers establish the links within them; shared payout infrastructure and trading with another group do not establish one owner across all four.
04 / THE PUBLIC RECORDS