Kalshi works with Solana and Base to drive “on-chain innovation” and close the gap with Polymarket

Against the backdrop of growing transaction volumes, Kalshi has partnered with Solana and Base to launch an ecosystem hub and announced special funding for on-chain and off-chain innovation. The platform reached $875 million in transactions last month, second only to Polymarket’s $1 billion. Both platforms are expanding as regulation shifts to favor digital asset innovation, with Polymarket about to receive U.S. restart approval and both are seeking a new round of financing at a multi-billion-dollar valuation. Competition intensifies as Coinbase and Crypto.com explore similar products, and Kalshi is also working on the sports forecasting market, including with Robinhood.