Solana Update: dYdX Expands Into US, Phantom Introduces CFTC-Approved Prediction Markets

Decentralized alternate dYdX introduced the introduction of spot buying and selling entry for customers primarily based within the United States, marking the platform’s preliminary rollout of spot market performance within the nation. 

This launch represents the primary spot buying and selling providing made accessible by dYdX to US members, with the corporate indicating that further merchandise might observe. 

Historically, regulatory circumstances restricted US entry to numerous digital asset alternatives, together with token distributions and incentive packages. In 2025, a shift towards a extra supportive coverage setting and a much less confrontational regulatory stance has contributed to renewed engagement by blockchain tasks within the US market.

dYdX has chosen to start its US enlargement with a spot buying and selling product constructed on Solana, which the corporate views as a measured entry level. dYdX Labs has said that it continues to watch steerage and regulatory alerts from the Securities and Exchange Commission and the Commodity Futures Trading Commission when assessing the potential introduction of decentralized derivatives. 

At the identical time, Solana continues to broaden its use circumstances, evolving past its earlier affiliation with speculative belongings to assist a wider vary of purposes for each particular person and institutional members. Recent developments spotlight the community’s increasing function and its rising relevance inside a extra receptive US regulatory and market setting, with dYdX among the many notable tasks contributing to this development.

Phantom Introduces CFTC-Approved Prediction Markets

Another Solana-related growth this week includes the Commodity Futures Trading Commission (CFTC) by way of the combination of the regulated prediction market Kalshi into the Phantom pockets. While pockets integrations are usually routine, Phantom holds a central place throughout the Solana ecosystem, making its assist for Kalshi notable and reflective of the heightened consideration prediction markets are receiving. 

Throughout 2025, prediction markets have attracted disproportionate ranges of capital, participation, and public curiosity, with a number of platforms searching for to problem the dominance of established leaders by differentiating themselves by way of construction or compliance. Kalshi, which is predicated in New York, has centered on fast enlargement whereas sustaining adherence to regulatory necessities. With Phantom reporting a consumer base exceeding 15 million and Kalshi working on Solana, the combination lowers obstacles to entry and will increase visibility for the platform. Following current collaborations with DFlow and Jupiter, Kalshi has strengthened its presence throughout the Solana ecosystem. 

The platform recorded roughly $5.8 billion in buying and selling quantity in November and has secured late-stage funding, positioning it as a reputable competitor throughout the sector. If present development tendencies proceed alongside profitable navigation of the US regulatory panorama, Kalshi is positioned for sustained relevance, reinforcing broader indications that Solana is more and more considered as a most well-liked community for regulated and mainstream blockchain purposes.

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