Polymarket · Tokenization · Ethereum · Cointelegraph
The launch of World prediction markets bundled on Phantom wallet has built expectations for increased Solana activity
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The project gathered nearly $890,000 in total value locked in two days and aims to compete with the extremely successful Polymarket amid the World Cup betting frenzy.
Key facts
- The 27% weekly gains were enough to send PUMP back into the top-100 crypto rankings, with a $630 million market capitalization
- Tokenized assets on the Solana network surged to a record-high $3.5 billion on Wednesday, up from $2.7 billion one month prior
- Solana’s SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market
- SOL’s bullish momentum ignited on June 23, coinciding with cumulative tokenized stock transfers on Solana surpassing $10 billion
Summary
Rising interest in Solana-network memecoins and prediction markets was followed by a rally in SOL price. Solana’s tokenized assets and memecoin revival drove SOL to a 30-day high at $83. Bullish leveraged appetite cooled sharply, suggesting traders are hesitant to bet on further gains to $90. Solana’s SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. Total altcoin market capitalization, USD (left) vs. SOL/USD (right).