Polymarket has added support for the deposits of Solana (SOL) wallet, a movement that is designed to lower the transaction costs and to improve the user experience, because the forecast -based prediction market continues its meteoric increase.
The integration entails one of the fastest, cheapest networks in the industry for a platform that has already cemented itself as a leading location for events -based predictions.
The company announced on March 24:
“From today you can now make deposits in your polymarket wallet with Solana.”
The addition of Solana is expected to further streamline the user’s participation, in particular for retail users who are deterred by the higher gas costs of Ethereum (ETH).
With near-instructive finality and fractions of a central costs, Solana positions polymarket to scale its user base and to support more detailed predictions in various sectors.
Breakout -growth
Polymarket experienced explosive growth in 2024, which emerged as a central hub for political predictions and election sentiment. With thousands of users who participated in markets connected to the US Presidential Race, the platform often exceeded traditional pollsters in accuracy and speed.
Traders were able to speculate about results ranging from primary victories and debate performance to the results of the Statelaatstaat and the margins of the Kiescollege.
As the election season progressed, the predictive markets of the platform became a sought-after alternative data source for analysts, media and even political agents who were looking for a crowd-sourced vision of voter trends.
At its peak, polymarket processed millions of daily volume, where users use real money to indicate their confidence in different scenarios.
The market on the presidential winner of 2024 attracted unprecedented attention, with opportunities in real -time updating based on trading behavior. After on television on television debates or break news, the activity on the platform often rose, and offers a snapshot of sentiment faster than traditional survey methods.
Proven accuracy
The increase in the awareness of polymarket has been matched by a growing amount of evidence to support the prediction sprecision. In a recent study, data scientist Alex McCullough analyzed the performance of the platform using a dune analysisdashboard.
His research showed that polymarket was Accurate 90% of the time When predicting the outcome of events a month before the resolution. In the last four hours prior to the resolution, that figure increased to 94%.
The methodology of McCullough filed markets with extreme prices – chance above 90% or less than 10% – to reduce the impact of predictable results.
He noted that although the platform occasionally overestimates the probability, the deviation was largely due to behavioral times such as herd mentality, low liquidity and users of users for risky, risky deployment.
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