Polymarket Integrates Solana, SOL Price Jumps 12%

Jakarta, Pintu News – Polymarket has surprised the Solana ecosystem after announcing a new integration. Now, users of the prediction market platform can deposit funds into their Polymarket wallet using SOL.

Polymarket Presents Solana Deposit Feature After Integration

After weeks of speculation, Polymarket has finally launched a deposit feature using Solana (SOL) for its users.

In a post on the X platform, it was announced that users can now top up their Polymarket wallets with SOL-an important update in the platform’s expansion efforts.

Read also: XRP Price Prediction: Analysts Find Bull Flag Pattern, XRP Could Break $1,400?

“Starting today, you can deposit into your Polymarket wallet using Solana,” reads the announcement.

Prior to the integration with the Solana network, Polymarket users could only fund their accounts using Circle’s USDC stablecoin. This support for SOL is in line with Polymarket’s strategy to increase platform activity through integration with up-and-coming blockchains.

SOL is the sixth largest cryptocurrency with a market capitalization of $71.6 billion, and has an active ecosystem with high activity levels. On-chain data shows the number of active wallets reaching 11 million, along with the increasing daily trading volume of SOL.

Although Polymarket reached 450,000 monthly active users in early 2025, the prediction market platform’s activity has recently declined. The integration with Solana is expected to attract a new demographic beyond just stablecoin users.

Solana Up 12.87% within 1 Week

Minutes after the Polymarket integration announcement, the price of Solana (SOL) had jumped nearly 7% and was trading at $140 on March 25, 2025.

Not only that, but SOL’s daily trading volume also skyrocketed by 143% in the last 24 hours (3/25), reaching $4.18 billion. Analysts are calling this surge a potential trigger for SOL to break the $1,000 mark after being flat for several weeks.

Furthermore, in the seven-day chart as of March 26, 2025, Solana showed an increase of 12%, dismissing the notion of a sharp correction. In the span of a week, SOL had its lowest point at IDR 2,078,038 and its highest point at IDR 2,435,545.

Read also: Investor Interest Explodes: 21Shares Launches Bitcoin, Solana, and XRP ETPs in Europe!

Solana co-founder Anatoly Yakovenko has again voiced his support for Layer 1 blockchains over Layer 2 solutions, emphasizing the advantages in terms of security and speed.

Polymarket’s integration also came shortly after Yakovenko expressed regret for Solana’s controversial ad. He apologized to the community for getting dragged into the issue of “culture wars.”

“The ad was bad, and it still stays with me,” says Yakovenko. “I’m ashamed of myself for trivializing it, instead of calling it what it is – mean and demonizing marginalized groups.”

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinfomania. Breaking: Polymarket Solana Integration Sends SOL Toward Surprising 146%, Is 170% the Next Target? Accessed on March 26, 2025
• Coingape. Polymarket Integrates Solana, Enables Deposits with SOL. Accessed on March 26, 2025