Solana-based decentralized exchange Drift Protocol has launched BET, a new prediction platform designed to rival Polymarket. Within the first 24 hours of its release, BET garnered over $3.5 million in total orderbook liquidity and $300,000 in open interest and bet volume. Distinguishing itself from Polymarket, BET accepts bets in 30 different cryptocurrencies and provides additional features like yield earning and position hedging for its users.

DRIFT

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.

Drift Protocol Launches BET to Compete with Polymarket, Achieves $300K in Open Interest