Polymarket has despatched shockwaves throughout Solana’s ecosystem following the announcement of an integration. Customers of the prediction markets platform can now deposit funds into their Polymarket pockets with SOL.
Polymarket Unveils Solana Deposits After Integration
After weeks of hypothesis, Polymarket rolled out Solana (SOL) deposits for customers of the platform. Based on a post on X, customers can now fund their Polymarket wallets with SOL, a key improve within the quest towards growth.
“Beginning as we speak, now you can make deposits into your Polymarket pockets utilizing Solana,” learn the announcement.
Previous to the combination with Solana, Polymarket customers may solely fund their accounts with Circle’s USDC stablecoin. The push to embrace SOL deposits aligns with Polymarket’s need to extend platform exercise utilizing a fast-rising blockchain.
SOL, the sixth largest cryptocurrency with a market capitalization of $71.6 billion, has an energetic ecosystem that sizzles with exercise. Onchain information signifies active wallets reaching 11 million amid rising every day buying and selling volumes for SOL.
Whereas Polymarket reached 450,000 month-to-month energetic customers in early 2025, exercise on the prediction market platform has waned. The platform’s integration with Solana will open it to a brand new demographic past stablecoin customers.
Solana Rallies By 6% Following The Announcement
Within the minutes following Polymarket’s integration, Solana’s value spiked by practically 7% to commerce at $140. On the seven-day charts, Solana is coasting on a ten% upswing because it places claims for a steep correction behind it.
SOL every day buying and selling volumes have soared by an unimaginable 143% during the last day to settle at $4.18 billion. Specialists are terming the spike because the catalyst for SOL to reach $1,000 after weeks of consolidation.
Solana co-founder Anatoly Yakovenko has backed Layer 1 blockchains over Layer 2 options, noting heightened safety and pace. Polymarket’s integration follows Yakovenko’s expression of remorse over a controversial Solana ad, apologizing to the neighborhood for dabbling in “tradition wars.”
“The advert was unhealthy, and it’s nonetheless gnawing at my soul,” mentioned Yakovenko. “I’m ashamed I downplayed it as an alternative of simply calling it what it’s – imply and punching down on a marginal group.”
Aliyu Pokima
Disclaimer: The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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