Polymarket launches on Solana to enable SOL deposits

Polymarket said users can now deposit SOL, expanding beyond USDC as it looks to revive activity after a post-election trading slowdown.

By RT Watson • Edited by Lawrence Lewitinn
Web3•March 24, 2025, 6:09PM EDT
UPDATED: March 24, 2025, 6:17PM EDT
GoogleMake us preferred
Polymarket launches on Solana to enable SOL deposits

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.
Advertisement

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.

Expand Chart