Polymarket, on March 25, announced that users can now invest in Solana (left) on the platform. This integration, high -speed and low -cost blockchain Solana, Polymarket users will allow users to process faster and lower processing fees, he says. This development arrived at a time when the popularity of the platform continued to increase and especially before the 2024 US Presidential elections, political bets intensified.
Polymarket opens up the solana transactions
Polymarket, previously worked on the polygon network, and users could often deposit money with USDC stablecoins. The addition of Solana expands the access of the platform and brings this crypto currency to the same level as USDC in terms of market value. With this integration, Polymarket aims to attract more users to the platform. In particular, the intensive activity in the 2020 US presidential elections increased Polymarket’s reliability.
The platform reached 450,000 active tradera in January, but showed a slight decrease after this number. Polymarket stands out as a platform that attracts attention with its accuracy rate. According to Alex McCullough, a data scientist, a platform estimated an incident with a accuracy of 90 %one month in advance, while this rate rises to 94 %before the last four hours of the incident. McCullough’s analysis on the Dune platform shows that Polymarket makes more accurate estimates than traditional survey methods.
78 percent probability in the left ETF survey attracted attention
However, a recent survey in Polymarket shows that traders gave 78 %probability to the approval of the solana ETF in 2025. Following the approval of Bitcoin and Ethereum investment products, a similar development is expected for Solana. This survey recently increased from 45 %to more than 70 %. However, the traders do not yet know when such a movement will take place or whether it will happen.
Another Polymarket questionnaire was 57 %of the probability of fading ETF approval until July 31st. Five executives applying for Solana ETFs include Grayscale, Vaneck, 21shares, Bitwise and Canary Capital. However, as a result of the SEC’s Solana (left) case, it remains unclear whether these applications will be approved.
Finally, ETF analysts make optimistic estimates that the ETF analysts will be approved by a new administration in 2025. Bloomberg ETF analyst Eric Balchunas, Litecoin, Hedera, XRP and Solana, such as crypto currencies, such as the new ETFs waiting for the next year. However, the approval of Solana and XRP ETFs will also depend on the management change in the SEC.
