Polymarket has announced that users can now make SOL deposits, according to a brief statement posted Monday on X.
Previously, the crypto-based prediction platform primarily relied on the Polygon network and required users to deposit USDC stablecoins. With this update, Solana—currently the sixth-largest cryptocurrency by market cap, just ahead of USDC—becomes a new funding option for users.
The move is likely to boost engagement on Polymarket, which gained significant traction during the U.S. presidential election. The platform reached 450,000 monthly active traders in January, though activity has slightly tapered off since then.
Despite the election’s conclusion, Polymarket saw a 91% surge in active users between October 2024 and January 2025. The platform grew from 235,000 traders in October to 300,000 in November, 350,000 in December, and 450,000 in January. However, trading volume declined from November’s peak of $2.6 billion to $1.23 billion in January.
The continued rise in active users suggests Polymarket’s appeal extends beyond political betting, potentially paving the way for broader market adoption.
Image Credit: Pixabay
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