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From users to value: real-world utility in focus

 

Chart of the week

In our 2025 Crypto Investment Outlook and a previous Hash Insider, we cited the critical role of user-driven applications in driving the growth of the user-base for smart contract platforms. It seems as though Polymarket is a project worth keeping an eye on, in this context. 

It recently partnered with Elon Musk’s X platform and has been steadily proving it’s more than a passing trend. With an impressive 279,000 monthly users, it has remained relevant even after the last U.S. election cycle, when it initially gained widespread attention, displaying significant growth since early 2024.

 

 

 

 

If more success stories like Polymarket emerge, we could be entering a new phase for platforms like Ethereum and Solana—one where their real-world utility becomes clearer and their underlying tokens gain significant value as a result.

 

 

Market Highlights

 

 

Polymarket as X’s official prediction market

 

X has announced a partnership with Polymarket, integrating decentralized forecasting tools into the social media platform.

Polymarket is currently one of the most popular blockchain-based apps in the crypto industry, and a partnership with one of the largest social media platforms can launch it into stardom among non-crypto users.

 

 

Ethereum ETFs record cumulative inflow 

 

ETH ETFs in the US have achieved a record-high cumulative inflow value of $3.33 billion, marking a 15-day streak of net positive inflows.

This milestone underscores increasing institutional confidence in Ethereum, which can also be observed in its current price action.

Confluences between improved fundamentals, positive price action and encouraging ETF net inflow trends are all shifting market sentiment towards ETH.

 

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