Polymarket Adds Solana Deposits
Polymarket's recent integration of Solana has sent ripples through the crypto ecosystem. Users of the prediction market platform can now deposit funds using SOL, marking a significant expansion.
Solana Deposits Now Live on Polymarket
Following weeks of anticipation, Polymarket launched SOL deposits. A recent X post announced that users can now fund their Polymarket wallets with SOL, a key step in the platform's growth strategy. Before this integration, users were limited to USDC deposits.
This move to accept SOL aligns with Polymarket's aim to broaden its user base and capitalize on Solana's thriving ecosystem. Solana, the sixth-largest cryptocurrency with a market cap of $71.6 billion, boasts a highly active community with over 11 million active wallets and substantial daily trading volumes.
While Polymarket previously reported 450,000 monthly active users in early 2025, platform activity has since decreased. The Solana integration aims to attract a new demographic beyond those solely using stablecoins.
SOL Price Spikes After Polymarket Integration
In the minutes following the announcement, Solana's price jumped by nearly 7%, reaching $140. Over the past week, SOL has seen a 10% increase, suggesting a potential reversal of a previously anticipated correction. Daily trading volume surged by an impressive 143% to $4.18 billion.
Experts speculate that this surge could be a catalyst for SOL to reach $1,000 after a period of consolidation. This positive development follows Solana co-founder Anatoly Yakovenko's public apology for a controversial Solana advertisement.
Yakovenko has consistently championed Layer 1 blockchains, emphasizing their speed and security advantages. His apology for the ad underscores the importance of responsible community engagement.
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