Space, a new decentralized prediction market protocol on Solana, has indeed raised $3 million in funding to develop what it positions as the first 10x leveraged prediction market on the network.

Space allows users to trade YES/NO outcomes on real-world events (crypto prices, politics, sports, tech, culture, etc.) using up to 10x leverage, a central limit order book (CLOB), zero maker fees, and instant cash-outs. It includes gamified elements like ranks, leaderboards, referrals, and seasonal airdrops to boost engagement.

Built by the creators of UFO Gaming, a former top-100 project that reached a $1.5B+ market cap. The $3M came from seed and strategic rounds led by Morningstar Ventures and Arctic Digital, plus a highly oversubscribed (1,360%) community round on Echo.xyz and participation via Impossible Finance’s Curated platform.

Reports mention support from entities like Kalshi, a major traditional prediction market player expanding to Solana and the Solana Foundation. Native token $SPACE is launching via public sale with mechanics including revenue share for buyback-and-burn to create deflationary pressure.

This positions Space as a hybrid of Polymarket’s event trading and Hyperliquid’s leveraged perps, optimized for Solana’s speed and low costs. Prediction markets have seen massive growth on Solana recently outpacing even memecoin volumes in some metrics, making leveraged versions a hotly anticipated addition.

While competitors like Drift’s BET or PolyPerps offer some prediction/perp features, Space emphasizes being the first fully integrated leveraged prediction market with these specific tools. Prediction markets have exploded in 2025, with total sector volume reaching $44 billion, Polymarket ~$21.5B, Kalshi ~$17.1B, others contributing the rest.

On Solana specifically, volumes have already surpassed memecoins by 1.8x in recent metrics, driven by low fees, high speed, and integrations like Polymarket/Kalshi tokenization. Space adds 10x leverage, a feature absent in most competitors (e.g., standard Polymarket or Hedgehog Markets).

This hybrid of prediction outcomes + perps-style leverage inspired by Hyperliquid could attract high-risk traders, potentially multiplying volumes further. Solana solidifies as the “home” for on-chain prediction markets, pulling liquidity from Ethereum/Polygon-based platforms like Polymarket’s core.

More TVL and activity could indirectly support $SOL price stability/growth amid 2025’s broader ecosystem expansions. Traditional prediction markets suffer from liquidity fragmentation and low returns on low-probability events. Space tackles this with: Central Limit Order Book (CLOB) for deeper liquidity.

Zero maker fees + instant cash-outs.
Gamification (ranks, leaderboards, referrals, seasonal airdrops). Leverage amplifies upside: A correct bet on a $0.35 YES share could yield massive returns with 10x exposure. Expect higher retention and speculative volume, similar to how leverage transformed perps on Hyperliquid/Drift.

Analysts compare Space to “Hyperliquid for predictions,” potentially capturing share from non-leveraged platforms. Sector-wide, this could push 2026 volumes beyond 2025’s $44B if evergreen markets— crypto prices, sports, culture dominate post-election hype.

50% of platform revenue allocated to buyback-and-burn, creating deflationary pressure.
No staking required for usage; rewards from trading/LP/activity + airdrops. Strong alignment for holders—real yield from fees could make $SPACE a revenue-sharing play. Success depends on volume capture; high adoption = sustained burns and price appreciation.

However, post-IDO dumps are common in Solana launches. Could fragment liquidity short-term but consolidate high-leverage traders on Space long-term. Winners: Degens seeking amplified PnL; losers: Slower, non-leveraged platforms.

Prediction markets proved real-world utility in 2024-2025 elections/economics, outperforming polls. Leveraged versions amplify gambling-like elements, potentially drawing regulatory scrutiny. Onboards more retail via gamification; bridges TradFi with DeFi. High leverage = higher liquidations/volatility; potential for manipulation in illiquid markets.

Crypto winters or regulatory clamps could hit hard. Space arrives at a peak moment for the sector—post-2025 hype sustaining via sports/crypto events. If it delivers deep liquidity and retains users, it could become a top Solana app, driving ecosystem growth. But execution risks remain high in crypto; leverage cuts both ways.

Airtel Africa on Tuesday announced a sweeping partnership with SpaceX to deploy Starlink’s direct-to-cell satellite technology across all 14 countries where the telecoms group operates, a move that could significantly reshape mobile connectivity in some of Africa’s hardest-to-reach regions.

The partnership is also seen as a strategic play that could reshape competition across Africa’s telecom sector, particularly in Nigeria, the continent’s largest and most lucrative mobile market, where network coverage has long been a decisive battleground.

The service is expected to begin in 2026, initially supporting text messaging and limited data services for selected applications. Over time, Airtel says the offering will expand as satellite capabilities improve and more smartphones become compatible with direct-to-cell connectivity.

Under the partnership, Airtel Africa subscribers will be able to connect directly to Starlink satellites in areas where terrestrial mobile networks are unavailable. This effectively removes the need for traditional cell towers in some remote and sparsely populated regions, allowing Airtel to extend coverage into locations that have historically been difficult or uneconomical to serve.

The agreement also covers Starlink’s first broadband direct-to-cell system, which will rely on next-generation satellites designed to deliver significantly higher data speeds directly to smartphones. Airtel Africa says these systems could offer data speeds up to 20 times faster than earlier satellite-to-mobile technologies, narrowing the gap between satellite connectivity and conventional mobile broadband.

For Airtel Africa, which serves tens of millions of customers across markets such as Nigeria, Kenya, Uganda, Tanzania, Ghana, and Zambia, the partnership offers a way to scale coverage without the heavy capital expenditure required to build towers, lay fiber, or secure power infrastructure in remote areas. It also strengthens the company’s pitch to governments and regulators focused on closing digital divides and expanding rural connectivity.

Nowhere is the competitive implication clearer than in Nigeria. The country is Africa’s largest telecom market by subscribers, and MTN has historically led on network coverage, particularly in rural and semi-urban areas. That coverage advantage has been a key reason MTN has maintained its dominant market position despite intense price competition.

Through the SpaceX partnership, Airtel is now expected to gain a potential edge in regions where MTN’s terrestrial network still struggles or where further expansion would be costly. The ability to offer coverage in deep rural communities, border regions, and hard-to-reach terrain could allow Airtel to narrow, or in some cases leapfrog, MTN’s long-standing coverage lead. In a market where network availability often matters as much as pricing, that shift could influence subscriber growth, churn rates, and enterprise contracts.

The deal also comes at a time when Nigerian telecom operators are under pressure from rising operating costs, foreign exchange constraints, and energy challenges. Satellite connectivity offers an alternative path to expansion that reduces reliance on diesel-powered base stations and extensive physical infrastructure, both of which have become increasingly expensive.

For SpaceX, the partnership deepens Starlink’s push into Africa by embedding its technology within established mobile networks rather than relying solely on direct-to-consumer satellite broadband. Starlink has been expanding rapidly across the continent and recently launched services in São Tomé and Príncipe, bringing the number of African countries with Starlink access to 26.

That expansion has not been smooth in every market. In South Africa, Starlink is still not fully operational due to regulatory hurdles, particularly Black Economic Empowerment rules that require 30% local ownership. Those requirements clash with SpaceX’s corporate structure. While the government issued a directive aimed at allowing satellite providers to operate without ceding ownership, a parliamentary committee overseeing the telecoms sector has since recommended that the directive be revoked, creating renewed uncertainty.

Even with those challenges, the Airtel Africa partnership underscores the growing role of satellite-to-mobile technology as a competitive weapon in Africa’s telecom industry. Rather than replacing traditional networks, the technology is increasingly being positioned as a complement.