Polymarket TVL
Total value locked on Polymarket over time — every dollar held on the platform, measured on-chain as the circulating supply of pUSD (the balance token minted 1:1 on deposit) since April 2026.
Frequently asked
What is Polymarket TVL?
Total value locked is every dollar currently held on Polymarket — idle cash plus funds tied up as collateral in open positions and perps. We measure it as the circulating supply of pUSD, Polymarket’s balance token, which is minted 1:1 when you deposit and burned when you withdraw.
How is it measured?
On-chain. pUSD is an ERC-20 on Polygon (0xc011a7…82dfb); we read its totalSupply() at daily block heights since the token launched with the April 28, 2026 exchange upgrade. Every point is a direct chain read — reproducible by anyone, no API vendor.
Why does pUSD supply equal TVL?
Polymarket converts all incoming deposits to pUSD 1:1 and burns pUSD 1:1 on withdrawal. Buying a position does not burn pUSD — it locks it as collateral in the CTF contract, so it still counts in supply. Therefore total supply = deposits − withdrawals = the net dollars sitting in the platform.
Does this include Polymarket perps?
Yes. Perps collateral is pUSD too, so it is already inside this figure. Perps are a small slice — see the live breakdown above and the dedicated perps stats page.
Where does the data come from?
Directly from Polygon: the on-chain pUSD total supply, sampled daily and aggregated by PolyScalping. No third-party data vendor.
Methodology: TVL is the on-chain total supply of pUSD (0xc011a7…82dfb) on Polygon, sampled at daily block heights since the token launched on April 28, 2026. pUSD is minted 1:1 on deposit and burned on withdrawal, so its supply equals the net dollars held on Polymarket. Aggregated by PolyScalping for informational purposes only; not investment advice.