Kalshi’s Gold Markets Surpass Ether in Trading Fees Shortly After Launch
- Kalshi’s new gold markets generated approximately $5 million in estimated fees in September.
- In comparison, Ether contracts earned around $2.6 million during the same month.
- Bitcoin remained the largest market, producing an estimated $60.4 million in fees.
- Gold contracts recorded a total of 542 million trades, surpassing Ether’s count of 318 million contracts.
- Kalshi reported that its commodities trading volume reached $400 million within seven months of launch.
The rapid growth of Kalshi’s short-duration gold markets highlights their increasing popularity compared to traditional Ethereum contracts. This trend indicates a shift towards shorter trading intervals across various asset classes on the platform.
In September, Kalshi’s gold markets not only outperformed Ether but also contributed significantly to overall non-sport fees, generating higher earnings from a smaller share of trading volume. (Source)
