Polymarket has sent shockwaves across Solana’s ecosystem following the announcement of an integration. Users of the prediction markets platform can now deposit funds into their Polymarket wallet with SOL.
Polymarket Unveils Solana Deposits After Integration
After weeks of speculation, Polymarket rolled out Solana (SOL) deposits for users of the platform. According to a post on X, users can now fund their Polymarket wallets with SOL, a key upgrade in the quest toward expansion.
“Starting today, you can now make deposits into your Polymarket wallet using Solana,” read the announcement.
Prior to the integration with Solana, Polymarket users could only fund their accounts with Circle’s USDC stablecoin. The push to embrace SOL deposits aligns with Polymarket’s desire to increase platform activity using a fast-rising blockchain.
SOL, the sixth largest cryptocurrency with a market capitalization of $71.6 billion, has an active ecosystem that sizzles with activity. Onchain data indicates active wallets reaching 11 million amid rising daily trading volumes for SOL.
While Polymarket reached 450,000 monthly active users in early 2025, activity on the prediction market platform has waned. The platform’s integration with Solana will open it to a new demographic beyond stablecoin users.
Solana Rallies By 6% Following The Announcement
In the minutes following Polymarket’s integration, Solana’s price spiked by nearly 7% to trade at $140. On the seven-day charts, Solana is coasting on a 10% upswing as it puts claims for a steep correction behind it.
SOL daily trading volumes have soared by an incredible 143% over the last day to settle at $4.18 billion. Experts are terming the spike as the catalyst for SOL to reach $1,000 after weeks of consolidation.
Solana co-founder Anatoly Yakovenko has backed Layer 1 blockchains over Layer 2 solutions, noting heightened security and speed. Polymarket’s integration follows Yakovenko’s expression of regret over a controversial Solana ad, apologizing to the community for dabbling in “culture wars.”
“The ad was bad, and it’s still gnawing at my soul,” said Yakovenko. “I am ashamed I downplayed it instead of just calling it what it is – mean and punching down on a marginal group.”
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