TRM Labs: First quarter market trading volume reaches $36.6 billion, surpassing on-chain gambling's $14 billion for the first time

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Deep Tide TechFlow news: On June 10, CoinTelegraph reported that blockchain intelligence company TRM Labs released a report showing that the forecast market trading volume for Q1 2026 is expected to reach $36.6 billion, surpassing on-chain gambling for the first time by $14 billion. On-chain gambling’s total trading volume for 2025 reached $51 billion, and it set a quarterly record high of $15 billion in Q4 2025.

TRM Labs noted that, despite an overall pullback in the crypto market, trading volumes in both of the two major segments did not show any clear decline, mainly due to the continued activity of its loyal user base. In terms of user composition, high rollers account for only 6.3% of individual wallets, yet they contribute 91.8% of trading volume. At the same time, regular bettors’ monthly trading volume increased from $17 million in January 2022 to $188 million in March 2026. Over the same period, daily bettors’ trading volume grew 12 times, indicating a clear expansion of the incremental user base.

On the risk front, TRM Labs pointed out that there are differences in the risk of financial crime between the two types of platforms: gambling platforms are more likely to face money laundering risk, while prediction markets are more likely to be scrutinized for insider trading.

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