# Solana's Polymarket Challenger

*Author: Bankless*
*Published: Aug 26, 2024*
*Source: https://www.bankless.com/es/solanas-polymarket-challenger-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Frame-50567--7--1-1.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=solanas-polymarket-challenger&email=true)

  
Solana's Polymarket Challenger
    
  

  
Published on Aug 26, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Telegram CEO Arrested
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-14--95-.png)](https://www.bankless.com/dashboard)- 🚔 **Telegram CEO Pavel Durov Arrested. **The Telegram-aligned TON cryptocurrency tanked on the [news of his arrest](https://www.bankless.com/telegram-ceo-pavel-durov-arrested).
- 🔎 **Ethereum Foundation Transaction Spurs Calls for More Transparency. **Should the Ethereum Foundation be making [clearer financial disclosures](https://www.bankless.com/ethereum-foundation-transparency)?
- 🪄 **Abra Settles with SEC Over 'Auto-Magic' Crypto Earn Program. **The company's Abra Earn program [amassed](https://www.bankless.com/abra-settles-with-sec-over-auto-magic-crypto-earn-program) as much as $600 million in user deposits.

.  .  .

 
  
    

    MARKET VIBES

  
  

    Arrest Hits TON Hard
    
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **After flirting with $65K Sunday, BTC slid to the $63K marker Monday evening as the broader crypto market slipped nearly 3% – this, even as the Dow struck a new all-time high close Monday. Meanwhile, news of Telegram CEO Pavel Durov's arrest over the weekend sent TON into free fall, now down nearly 25% on the week.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.21T
       

  
    
    ↘ 2.7%
    
  

   
    
    ↗ 5.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $63,115
       

  
    
    ↘ 2.0%
    
  

   
    
    ↗ 6.7%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,683
       

  
    
    ↘ 3.5%
    
  

   
    
    ↗ 2.3%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/11419.png)
    

  **TON**
   
          $5.13
       

  
    
    ↘ 12.9%
    
  

   
    
    ↘ 24.9%
    
  

  

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💎**New Token Rating: **Telegram founder Pavel Durov was arrested over the weekend in France. Why has this development changed our outlook on **TON**?[Unlock TON on Token Hub](https://www.bankless.com/tools/token-hub/toncoin)

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TACTIC

  
  
    
   
Solana's Polymarket Challenger
  
  
   
     
     Bankless Author: 
     
       [
       
       William M. Peaster](https://x.com/WPeaster)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/image---2024-08-26T173647.191.png)](https://www.bankless.com/solanas-polymarket-challenger)Everyone is taking a closer look at decentralized predictions markets this year thanks to the breakout success of Polymarket. 

And while Polymarket is far and away the leader of the sector, with monthly volume, active users, and open interest stats currently near all-time highs amid 2024 presidential election excitement, there are other players to watch, too. 

*If you’re a Solana user, then you ought to check out BET *👇

[Get Started on BET](https://www.bankless.com/solanas-polymarket-challenger)
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