The blockchain betting platform has announced that users are now able to deposit to their wallets using Solana, effective March 25.
In a recent update, the platform informed its users about the option to fund their wallets using Solana (SOL). With this addition, Solana joins other accepted tokens such as Ethereum (ETH), USDC (USDC), and Polygon (MATIC), which users can utilize to enhance their prediction market wallets.
“From today onward, you can deposit into your wallet using Solana,” stated the platform on its official social media account.
Users expressed positive feedback in the comments, welcoming the integration of Solana into the wallet feature. Some viewed this as a sign of growing recognition for Solana following its inclusion in the U.S. digital reserve, while supporters of Solana expressed gratitude for making the process more convenient.
“Thank goodness I don’t have to use USDC anymore!” remarked one user.
“Clever move, I might actually start using it now,” added another.
“So we can deposit with Solana but the markets are still on Polygon, interesting,” commented one trader.
Users who register for this platform automatically gain control over their own Ethereum-based wallets, where they can manage the funds for betting on various prediction markets, ranging from global events like political elections to cryptocurrency market trends. According to the official site, while USDC is the primary currency accepted, the Polymarket wallet also accommodates MATIC, Ethereum, and now Solana.
Following the announcement regarding Solana being accepted as a payment method for the prediction market wallet, SOL experienced a slight uptick, reaching as high as $143.14 just minutes after the news was shared.
Over the last 24 hours, SOL has increased by 1.07% and is currently trading at $139.66, based on data from market analytics. As of now, Solana’s market capitalization stands at over $71 billion, with a daily trading volume that has surged by 42.30%, reaching $4.3 billion in just one day.
Data from analytics reveals that the platform’s daily trading volume reaches approximately $27 million. On January 20, the trading volume peaked at nearly $100 million, coinciding with President Trump’s inauguration. In recent weeks, the platform has accumulated almost $1 billion in trading volume, and it remains to be seen whether the addition of SOL will further boost this figure in the coming days.
Most recently, authorities in Thailand announced potential plans to shut down the platform as part of efforts to curb gambling activities within the country. Additionally, the platform is currently prohibited in several nations, including Taiwan, France, and Singapore.