Polymarket, a predictions platform operating on the blockchain, has just revealed that starting on March 25th, users will be able to deposit funds using Solana (SOL).
This indicates that you can now fund your Polymarket wallet with Solana, in addition to already available options such as Ethereum (ETH), USDC, and Polygon (MATIC).
The news was greeted with excitement, with some users interpreting it as a sign of Solana’s increasing recognition, particularly after its incorporation into U.S. digital reserves. Dedicated Solana enthusiasts are applauding Polymarket for simplifying the process.
One user even declared, “Thank goodness I no longer need to use USDC!”
Following the announcement, Solana saw a minor increase, peaking at $143.14. Currently, SOL is being exchanged at $139.66, a 1.07% increase over the previous 24 hours.
For newcomers to Polymarket, registering automatically provides you with a self-custodial Ethereum-based wallet. This wallet can store funds used to wager on a variety of prediction markets, from political contests to crypto fads. While the platform mainly uses USDC, it also takes MATIC, ETH, and now SOL.
Currently, the market capitalization of Solana exceeds $71 billion. The daily trading volume of SOL has risen by 42.30% in the past day, hitting $4.3 billion.
According to Dune Analytics, Polymarket, conversely, has a daily trading volume of $27 million. On January 20, its trading volume skyrocketed to almost $100 million, concurrent with President Trump’s inauguration. Over the past month, the trading volume of this forecasting market platform has neared $1 billion. It is yet uncertain whether SOL can grow its trading volume in the upcoming days.
Recently, Thai officials declared that they might contemplate closing Polymarket to fight betting activities in the nation. At present, numerous countries, including Taiwan, France, and Singapore, have outlawed Polymarket.
Toncoin (TON) Value Forecast for March 26th
