Polymarket Announces Integration with Solana
Polymarket, a leading Ethereum-based prediction market platform, has announced its integration with Solana (SOL), the sixth-largest cryptocurrency with a market capitalization of $71.38 billion. The company shared the news on X, revealing that users can now deposit funds using SOL. This move marks a significant expansion from Polymarket’s previous reliance solely on the USDC stablecoin for transactions.
Polymarket is renowned for its real-money prediction markets, allowing users to wager on a variety of topics, including political events, cryptocurrency price movements, and unconventional bets, such as whether Jesus Christ will return in 2025.
Prediction markets often struggle with high transaction costs, especially on blockchains like Ethereum. By integrating with Solana, Polymarket significantly reduces fees, making the platform more accessible. With Solana’s ability to process 65,000 transactions per second (TPS) at a fraction of traditional costs, users can participate in prediction markets without prohibitive expenses.
Blockchain-based betting platforms have been experiencing rapid growth, with the industry forecasted to reach $133.59 billion by 2029. Polymarket itself has seen a surge in popularity, reaching 450,000 monthly active users in early 2025 and generating over $11.4 billion in trading volumes in the past year.
According to research by data scientist Alex McCullough using Dune Analytics, Polymarket has demonstrated a 90% success rate in forecasting event results. Some of the hottest bets currently on Polymarket include the political futures of global leaders, the outcome of Canada’s upcoming election, and various cryptocurrency market trends and price movements.
Solana ETF Optimism Fuels Market Excitement
The decision to integrate Solana comes at a time when optimism is growing around the potential approval of Solana-based Exchange-Traded Funds (ETFs). As highlighted by CNF, Polymarket’s odds for SEC approval of a spot Solana ETF by the end of 2025 have skyrocketed, climbing from 45% to 85% in a matter of days.
This optimism is further supported by major asset managers, including Grayscale, VanEck, and Bitwise, which have filed for Solana ETFs. Industry analysts speculate that if a spot ETF gets approved, Solana’s price could potentially break the $200 mark.
Institutional interest in Solana has intensified with the introduction of two pioneering futures-based ETFs by Volatility Shares. Launched on March 20, these ETFs provide investors with novel avenues to gain exposure to Solana’s market dynamics. Volatility Shares Solana ETF (SOLZ) is designed to track Solana futures, while Volatility Shares 2X Solana ETF (SOLT) is created for those seeking amplified exposure. SOLT provides leveraged returns, aiming for twice the daily performance of Solana futures. This leveraged approach comes with a higher expense ratio of 1.85%.
Polymarket’s announcement fueled a 6% surge in Solana’s price, with the token climbing 11% over the past week to reach $139. Additionally, Solana’s trading volume has spiked 26.7% to $3.5 billion, reflecting increased investor confidence in the asset.