Polymarket has despatched shockwaves throughout Solana’s ecosystem following the announcement of an integration. Users 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. According to a post on X, customers can now fund their Polymarket wallets with SOL, a key improve within the quest towards growth.
“Starting today, you can now make deposits into your Polymarket wallet using Solana,” learn the announcement.
Prior to the mixing with Solana, Polymarket customers may solely fund their accounts with Circle’s USDC stablecoin. The push to embrace SOL deposits aligns with Polymarket’s want 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 knowledge signifies active wallets reaching 11 million amid rising day by day buying and selling volumes for SOL.
While 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
In 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 day by day buying and selling volumes have soared by an unimaginable 143% over the past day to settle at $4.18 billion. Experts 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 “culture wars.”
“The ad was bad, and it’s still gnawing at my soul,” stated Yakovenko. “I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginal group.”
Aliyu Pokima
Disclaimer: The introduced content material could embrace the private 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.
