Polymarket has added support for Solana (SOL) wallet deposits. This is a move designed to reduce transaction costs and improve the user experience as the blockchain-based forecast market continues to rise in meteors.
The integration brings one of the industry's fastest and lowest-cost networks to a platform that has already solidified as the main venue for event-based forecasting.
The company announced it on March 24th.
“From today, you can use Solana to deposit into your Polymarket wallet.”
The addition of Solana is expected to further streamline user participation, especially for retail users blocked by higher gas prices on Ethereum (ETH).
With near-finality and fractional transaction costs of cents, Solana has positioned Polymet to expand its user base and support more detailed forecasts across the sector.
Breakout growth
Polymake experienced explosive growth in 2024 and emerged as a central hub for political prediction and election sentiment. With thousands of users participating in a market tied to US presidential competition, the platform has often outperformed traditional voters in accuracy and speed.
Traders were able to infer results ranging from major victory and debate performances to battlefield state results and election college margins.
As election season progresses, the predictive market for the platform has become a sought-after alternative data source for analysts, media and even political operatives looking for views of voter trends cultivated.
At that peak, Polymake processed millions of millions on daily volumes, allowing users to leverage their real money to demonstrate confidence in a variety of scenarios.
The 2024 Presidential Awards market was updated in real time based on trader behavior and attracted unprecedented attention. Following television discussions and breaking news, activity on the platform often surged, providing more emotional snapshots than traditional polling methods.
Proven Accuracy
The increased multilayered excellence is consistent with a set of evidence supporting its prediction accuracy. In a recent study, data scientist Alex McCullough used the Dune Analytics dashboard to analyze platform performance.
His research found that Polymet was 90% accurate when predicting the outcome of the event one month before resolution. In the final four hours leading up to the resolution, that figure rose to 94%.
McCullough's methodology excluded the market with extreme pricing (odds above 90%) in order to reduce the impact of predictable outcomes.
He argued that while the platform occasionally overestimates probability, deviations were largely attributable to behavioral tendencies such as herd mentality, low liquidity, and user appetite for high-risk, high-reward bettors.
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