Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets

Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets
Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets

Key notes

  • The Solana-based DEX Predict and Pump (PnP) integrates DeFiLlama data feeds to enable decentralized on-chain prediction markets.
  • The integration allows users to trade live DeFi metrics like TVL, revenue, and market capitalization directly on Solana.
  • Solana price remains under pressure below $190 as short traders dominate derivatives markets despite a broader altcoin rebound.

Predict and Pump (PnP), a Solana-native decentralized exchange (DEX), has integrated DeFiLlama data feeds to enable on-chain prediction markets. The announcement was made on Saturday via PnP’s official X account, noting that users can now convert real-time DeFi metrics into tradable prediction contracts.

DeFiLlama provides a wide range of blockchain analytics data, including total value locked (TVL), market cap, protocol revenue, and fee volume across multiple chains. Through this integration, PnP users can create and trade markets directly using live on-chain metrics sourced from the DeFiLlama data feed.

PnP disintermediates prediction markets through DeFiLlama integration

Unlike existing centralized forecasting platforms, Kalshi and Polymarket, which require licensed approval for new listings, PnP’s DeFiLlama integration removes intermediaries entirely. It enables an open market where users can speculate on any on-chain metric without custodial oversight or listing restrictions.

This feature will allow anyone to open new markets based on protocol performance, liquidity movements, or token flows. Traders will also receive fees when others participate in the markets they create.

The global prediction markets sector continues to gain momentum in October. Earlier this month, InterContinental Exchange Inc. (ICE) of the New York Stock Exchange acquired a $2 billion stake in Polymarket. The deal values ​​the platform at US$9 billion, making 27-year-old founder and CEO Shane Coplan the youngest self-made billionaire.

On Friday, CME Group, a major derivatives exchange operator, announced a partnership with FanDuel, aiming to launch a new prediction market platform to compete with existing players.

Solana’s official X page She amplified the news by sharing the PnP announcement with her 3.5 million followers.

Solana price remains below $190, as derivatives data points to a bull trap

As institutional gold markets and US stocks closed trading on Friday, major altcoins saw an increase in inflows, but the native Solana token (SOL) struggled to maintain momentum. On Saturday, Ethereum (ETH), BNB, and XRP posted gains of nearly 3%, while Solana underperformed with the weakest price rise of 1.3%, among the top 5 tier 1 assets.

Market data from Coinglass shows The poor performance of SOL is associated with intense downward pressure from futures traders.

Solana Derivatives Market Analysis | Source: Coinglas

As seen above, SOL futures trading volumes fell 56.02% to $14.4 billion, while open interest fell 6.37% to $8.51 billion.

The buy-to-sell ratio also remains negative at 0.96, indicating bearish dominance. The reluctance of Solana traders to support its 1.3% intraday gain with new futures positions constitutes a “bull trap” signal. Failure to hold a close above $185 could see SOL price fall towards the next major supply set at $18.

Maxi Doge Presale price reaches $3.7 million as Solana dealers weigh options

With Solana price struggling below the $190 level, traders are taking turns on upside early-stage projects like the Maxi Doge (MAXI). The MIM-powered platform offers up to 1,000x leverage with no stop-loss restrictions, attracting traders with a high risk appetite.

Maxi Doggy Pressel

Maxi Doggy Pressel

The Maxi Doge pre-sale has now surpassed $3.7 million of its $3.9 million goal. MAXI tokens are currently priced at $0.00026 per token, with the next tier set to activate in approximately 48 hours. Potential investors can visit Official pre-sale of Maxi Doge Website to get early joining benefits before a public listing.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

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Ibrahim Ajibadi

Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.

Check him out Ajibade on LinkedIn.


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