Kalshi's 15-Minute Gold Markets Surpass Ether in Contract Volume
Gold contracts on Kalshi hit 542 million in September, outpacing Ether's 318 million, while Bitcoin remained the most-traded market.
Kalshi's 15-minute gold markets have overtaken Ether by contract volume and fees just weeks after launching, according to Cointelegraph. In September, gold contracts totaled 542 million with an estimated $5 million in fees.
Ether posted 318 million contracts and $2.6 million in fees over the same month, putting it behind gold. Bitcoin remained far ahead of both markets, the report said.
Key figures from September
- Gold: 542 million contracts and roughly $5 million in fees
- Ether: 318 million contracts and $2.6 million in fees
- Bitcoin: still the most-traded market, far ahead of gold and Ether
The figures suggest that Kalshi's short-duration commodity contracts are drawing significant trading activity shortly after launch. The platform's gold markets settle every 15 minutes, a structure that differs from longer-dated futures or spot trading.
Prediction and event-based markets have expanded their product ranges, but monthly volume totals can be volatile and do not necessarily indicate a lasting shift in trader preferences. The September numbers provide a single-month snapshot of activity across the three markets.