Polymarket Adds Solana Deposit Support
Date: 2025-03-26 Author: Oliver Abernathy Categories: BUSINESS
Prediction platform Polymarket has announced that it is now supporting deposits in the Solana cryptocurrency, which could be a major step toward expanding its user base. Until recently, the only way to fund the platform was to transfer USDC stablecoin through the Polygon network. The new feature will allow users to deposit SOL tokens directly.
The change is especially relevant as interest in the platform is looking to rebound. In January 2025, Polymarket had around 462,000 monthly active users, but that number had dropped to 292,000 as of March, according to The Block Data Dashboard. Supporting deposits in Solana could be a boost to activity, especially as the US presidential election approaches, which traditionally sees a surge in interest in prediction platforms.
It is worth noting that earlier in March, analyst Alex McCullough noted the high accuracy of Polymarket, estimating it at 94%. However, he emphasized the presence of a pronounced bias in the forecasts presented on the platform, which may raise questions about the objectivity of the data presented.
The addition of new deposit methods may also indicate Polymarket’s desire to retain existing users and attract new ones, especially among those actively using the Solana ecosystem. Given the rapid development of this blockchain network and the growing number of applications based on it, the integration with SOL may prove strategically beneficial.
Thus, the introduction of deposits in Solana reflects Polymarket’s attempt to adapt to the changing conditions of the cryptocurrency market and strengthen its position ahead of an important political event.
