News Explorer — Drift Protocol’s BET Goes Up Against Polymarket, Sees $300K in Open Interest

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Aug 20, 10:10 pm

Decrypt

Drift Protocol’s BET Goes Up Against Polymarket, Sees $300K in Open Interest

Solana-based decentralized exchange Drift Protocol has released BET, a prediction platform that aims to compete with Polymarket. In its first 24 hours, Drift's BET achieved over $3.5 million in total orderbook liquidity and $300,000 in open interest and bet volume. Unlike Polymarket, Drift accepts bets in 30 different cryptocurrencies and offers users the opportunity to earn yield and hedge positions.

Solana-based decentralized exchange Drift Protocol has released BET, a prediction platform that aims to compete with Polymarket. In its first 24 hours, Drift's BET achieved over $3.5 million in total orderbook liquidity and $300,000 in open interest and bet volume. Unlike Polymarket, Drift accepts bets in 30 different cryptocurrencies and offers users the opportunity to earn yield and hedge positions.

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