Volume and Open Interest in Prediction Markets
Volume vs open interest
Volume is flow: contracts that changed hands over a period. Open interest is stock: positions currently open. A market can print high volume with flat open interest (positions churning) or rising open interest on modest volume (new commitment building).
Why liquidity matters
Thin markets move on tiny orders, which produces impressive-looking statistics with no informational content. That is why low-volume markets receive lower confidence on every metric here, and dormant markets are not tracked at all.
How Logit Terminal uses them
24h volume gates which markets are scored, profiled volume qualifies the crowd cost basis, and both feed row-level confidence. When a metric is unavailable, the site says the sample is building rather than guessing.