According to Odaily, recent data from the decentralized prediction market platform Polymarket indicates that former President Donald Trump's chances of winning the 2024 U.S. presidential election have surged to 61%. This development has captured significant attention within the cryptocurrency community. Concurrently, the Solana (SOL) blockchain has witnessed a rapid emergence of Trump-related tokens and prediction activities, highlighting the intricate connection between blockchain technology and political events.
Polymarket, as a decentralized prediction market, reflects market expectations for various events through user bets. Unlike traditional polls, these platforms focus more on the flow of funds and shifts in market sentiment. With over $3 billion in support, Polymarket has become a compelling reference for analyzing political landscapes. Should Trump secure the presidency, it is anticipated that he would implement crypto-friendly policies, directly benefiting Solana and Bitcoin. Solana, a key platform for U.S.-based DeFi and NFT projects, is expected to attract more innovative projects and capital under a lenient regulatory environment, potentially accelerating user growth and capital accumulation.
Recently, numerous Trump-themed tokens created on the Solana blockchain have experienced significant gains, drawing considerable attention. Additionally, as a U.S.-based blockchain platform, Solana is poised to benefit from the potential approval of a SOL ETF, further enhancing its influence in the capital markets. Meanwhile, with Trump's high probability of election, his promise to make Bitcoin a national strategic reserve has led to a net inflow of $2.3 billion into Bitcoin ETFs over the past week, indicating market optimism regarding Trump's election prospects and Bitcoin's future.
