Polymarket, a leading on-chain prediction market, has announced its expansion to Solana, allowing users to make SOL deposits directly onto the platform. This marks a significant step in Polymarket’s evolution, as it continues to improve accessibility and streamline user experience.

Previously, Polymarket primarily operated on the Polygon network, requiring users to deposit USDC stablecoins before participating in its markets. By integrating Solana for direct SOL deposits, Polymarket is tapping into Solana’s high-speed, low-cost transactions, making it easier for users to engage with decentralized betting and forecasting.

Why Solana? A Strategic Expansion

Polymarket’s decision to integrate Solana comes amid growing adoption of the network as a leading blockchain for scalable and low-cost transactions. While Polygon remains the core infrastructure for Polymarket’s operations, expanding to Solana offers several advantages:

1. Faster and Cheaper Transactions

Solana’s high throughput and low fees make it an attractive alternative for users who want to deposit and participate in markets without paying high gas costs.

2. Direct SOL Deposits

Instead of first converting funds to USDC, users can now deposit SOL directly onto the platform, reducing friction and making onboarding easier for the Solana community.

3. Access to Solana’s Expanding User Base

Solana has gained a strong retail and DeFi user base, making it a prime ecosystem for prediction markets. By integrating SOL deposits, Polymarket opens its platform to a broader audience.

How SOL Deposits Will Work on Polymarket

• Users can now deposit SOL directly into Polymarket, without needing to first convert to USDC.
• The platform will likely introduce automatic conversions from SOL to the required trading currency (USDC or equivalent), ensuring a seamless betting experience.
• SOL deposits will lower entry barriers for Solana users who previously hesitated due to conversion requirements and Ethereum-based transaction costs.

A Growing Market for Onchain Predictions

Polymarket has been at the forefront of on-chain prediction markets, allowing users to bet on real-world events such as elections, sports, crypto prices, and global news. The expansion to Solana comes at a time when on-chain betting and forecasting platforms are gaining momentum, with users increasingly looking for fast, transparent, and decentralized alternatives to traditional betting markets.

With the addition of SOL deposits, Polymarket is positioning itself as a multi-chain platform, reducing reliance on any single blockchain while leveraging the strengths of Solana and Polygon.

What’s Next for Polymarket?

While Solana deposits are now enabled, Polymarket could potentially expand further by:

• Allowing direct Solana-based markets, where users trade in SOL rather than converting to USDC.
• Integrating more Layer 2s, such as Arbitrum or Base, to provide multi-chain access.
• Expanding to more asset types, including NFTs and gaming-related prediction markets.

By bringing Solana into its ecosystem, Polymarket is making decentralized prediction markets more accessible and user-friendly — a move that could drive increased adoption and liquidity in the space.