Polymarket launches on Solana to enable SOL deposits

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The Block2025/03/23 16:00

By:By RT Watson

Quick Take Polymarket said it will now enable users to make SOL deposits. The platform utilizes the Polygon network but primarily required deposits be made by converting to USDC stablecoins.

Polymarket launches on Solana to enable SOL deposits image 0

Polymarket will now enable users to make SOL deposits, the company said in a brief announcement posted Monday to X .

The crypto-based prediction platform uses the Polygon network and has, up until now, primarily required users to buy USDC stablecoins for deposits. Solana is the sixth most popular cryptocurrency by market cap, just ahead of USDC.

Polymarket's move to launch on Solana and allow SOL deposits is most likely designed in part to boost activity on the platform made popular during the U.S. presidential election. Polymarket hit 450,000 monthly active traders in January, but those numbers have since decreased slightly, according to The Block Data Dashboard .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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