Hedgehog is a Solana-native prediction market focused on fast, simple betting around crypto prices, sports, and events. It promises smooth UX, cheap fees, and quick settlements thanks to Solana’s speed. But in 2025, Hedgehog feels more like a fun experiment than a true rival to Polymarket. Is it still alive, or just a ghost market with degen branding?
Background & Reputation
Hedgehog launched in 2021, during Solana’s big boom. It branded itself as the “lightweight prediction dApp” with an easy UI and mobile-friendly design. For a while, it grabbed attention with Solana degens who wanted fast crypto betting without ETH gas pain.
Reputation: positive at launch, but after Solana downtime and DeFi bear cycles, activity slowed. It’s remembered as “the fun Solana app,” but not a prediction heavyweight.
Features
- Crypto Predictions → bet on BTC, SOL, ETH price moves.
- Event Bets → occasional sports or cultural events.
- Fast UX → cheap Solana transactions, instant confirmations.
- Mobile-Friendly → designed to onboard casual users.
- Token Incentives → rewards and liquidity incentives with $HH tokens.
- Community Markets → custom markets launched by users.
It’s prediction markets stripped down to quick, fun bets.
Safety & Risks
Pros:
- Solana = cheap and fast.
- Simple UX = easy for beginners.
- Fully on-chain, transparent outcomes.
Cons:
- Liquidity is thin → small bet sizes only.
- SOL network outages hurt trust.
- Token economy ($HH) faded with bear market.
- Not many new markets compared to Polymarket.
Safe to play, but small scale and low hype.
What Players Say
- Fans → “smooth and fun, feels casual compared to heavy DeFi apps.”
- Critics → “dead volume, hardly any players left.”
- On Solana Telegram groups, Hedgehog is remembered fondly, but not seen as active in 2025.
The vibe: nostalgia > actual traction.
Who Uses It
- Casual Solana users who want light gambling apps.
- Crypto natives betting micro amounts.
- Experimenters testing Solana dApps.
- Not whales — no real liquidity for high rollers.
Hedgehog is retail-friendly but niche.
Real Stats
- Launch: 2021.
- Active wallets (2024, DappRadar): dropped to under 500 daily users.
- Liquidity: generally under $1M TVL.
- Token ($HH): almost inactive, low trading volume (CoinGecko 2025).
Numbers show it’s alive, but barely.
Degen Tip
If you try Hedgehog, use it for casual micro-bets — not serious wagers. Don’t expect deep liquidity or hype multipliers.
Final Degen Verdict
Hedgehog was a cool Solana-native prediction experiment, but in 2025 it’s more of a ghost market than a thriving degen hub. It works, it’s smooth, but activity is too low to matter.
For Solana nostalgia, wagmi. For real volume and hype, ngmi.
Hedgehog proves that speed and UX aren’t enough without deep liquidity and community fire.
