<p>On Thursday, open interest on Augur's prediction market passed $1M, according to The Block's <a href="https://www.theblockcrypto.com/data/open-finance/derivatives/augur-v2-open-interest">data</a> dashboard.</p> <p><iframe title="Augur v2 Open Interest" src="https://embed.theblockcrypto.com/data/open-finance/derivatives/augur-v2-open-interest/embed" width="100%" height="420" frameborder="0"></iframe></p> <p>Open interest activity appears to be fueled by the growing U.S. presidential election <a href="https://bafybeig67nwn4x5jrplelab2wcbob3sncinwyoj253ep3jtyftlxhzky5q.ipfs.dweb.link/#!/markets">markets</a> on Augur in addition to new user-friendly trading interfaces like <a href="https://www.theblockresearch.com/catnip-exchange-and-protocol-unbundling-80561">Catnip.Exchange</a> popping up. The second version of Augur was <a href="https://www.theblockcrypto.com/post/73057/augur-v2-launch">launched</a> on July 28, 2020, with limited fanfare due to the high-friction user-onboarding process. Soon after launch, the Augur team executed a "<a href="https://augur.net/blog/augur-v2-redo">v2 Redo</a>" release to address issues found in the initial launch.</p>