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Polymarket Now Accepts Solana (SOL) Deposits, Expanding Beyond USDC

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By Carine W.Mar 25, 2025

Post-Election Strategy Aims to Boost Trading Activity with Simplified Deposits.

By Carina W.

Prediction market platform Polymarket has officially announced support for Solana (SOL) deposits, expanding beyond its previous reliance on USDC stablecoins. The company revealed this strategic integration in a brief announcement posted to X on Monday.

While Polymarket continues to operate on the Polygon network, this new capability allows users to directly deposit SOL—currently ranked as the sixth largest cryptocurrency by market capitalization, positioned just ahead of USDC in the rankings.

Industry analysts suggest this expansion to include Solana is likely designed to reinvigorate platform activity following the heightened engagement Polymarket experienced during the recent U.S. presidential election. By eliminating the requirement to first convert to USDC stablecoins, the platform reduces friction for Solana holders looking to participate in prediction markets.

The move represents a significant broadening of Polymarket's accessibility strategy, potentially tapping into Solana's growing user base and liquidity pools to enhance overall platform participation.

Polymarket

Carine W.

A seeker of truth in crypto, blending writing, peace, and prayer to inspire a global audience.

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