How Solana Becomes the Home for Kalshi | Nitesh Nath

Dec 16, 2025

Nitesh Nath, Founder and CEO of DFlow, discusses how his company is building trading infrastructure on Solana by connecting the prediction market Kalshi to its users. He reveals how tokenizing predictions as SPL tokens can enhance DeFi composability and create deeper liquidity. Nitesh highlights the importance of bridging off-chain liquidity on-chain and shares insights on local-market use cases for prediction tokens. He also tackles the challenges high-frequency traders face on Solana and outlines ambitious goals for 2026, promoting the platform as the ideal space for developing financial tools.

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INSIGHT

Bridging Kalshi And Solana Traders

DFlow connects Solana traders to Kalshi to unlock network effects and broader market access.
This integration brings Kalshi liquidity to Solana users and amplifies trading activity across the network.

INSIGHT

Predictions As Composable SPL Tokens

DFlow tokenizes prediction positions as SPL tokens so they can plug into DeFi primitives on Solana.
Tokenized predictions enable composability with lending, trading, and liquidity protocols across the ecosystem.

ADVICE

Use Wallet Partnerships As Entry Points

Integrate with major wallets to create new entry points for both traders and liquidity providers.
DFlow partnered with Phantom to let liquidity providers and traders interact seamlessly on Solana.

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In this episode of Talking Tokens, Jacquelyn Melinek speaks with Nitesh Nath, Founder and CEO of DFlow, about building trading infrastructure for Solana and enabling native access to prediction markets, starting with Kalshi, through DFlow’s new API.

Nitesh explains why expanding market access matters for Solana’s trading community, how tokenizing these positions unlocks new DeFi composability, and why every prediction can become an SPL token that plugs into borrowing, trading, and liquidity protocols. They also discuss DFlow’s concurrent liquidity programs, bridging off-chain liquidity onchain, its recent integration with Phantom, and how these systems set the foundation for new financial primitives.

The conversation covers tokenization, onchain market design, expected 2026 milestones, local-market prediction use cases, and how everyday users may eventually use prediction-powered applications without ever realizing it. Nitesh also shares what Solana needs to improve for high-frequency traders, why liquidity provision is still too difficult, and why DFlow is betting on Solana as the most efficient place to build financial rails.This episode is a part of the Solana Sessions campaign that Token Relations and the Talking Tokens podcast are doing, diving into founders’ journeys and startups building on Solana. Check out the accompanying newsletter on ⁠www.token-relations.xyz⁠

Timestamps

(00:00) – Intro

(01:07) – DFlow’s recent announcements with growing user demand

(01:32) – Connecting Solana traders to Kalshi and the importance of market access

(02:45) – Network effects between prediction markets and Solana traders through DFlow infrastructure

(03:37) – Tokenization as the building block for DeFi and enabling predictions to plug into the ecosystem

(04:18) – Phantom partnership as a new entry point for traders and liquidity providers

(05:12) – The broader unlock for prediction markets as they reach mainstream attention

(06:10) – Concurrent liquidity programs bridging off chain liquidity onto Solana

(07:26) – Global user opportunities and Solana’s ability to attract sports and political audiences

(09:42) – Burning tokens into stablecoins when markets resolve and how payouts work

(12:10) – Open interest expectations for 2026 and how tokenization scales with market activity

(14:16) – Too many markets debate and why niche local prediction markets will thrive

(17:10) – Everyday apps using prediction markets under the hood without users realizing it

(18:31) – Most things eventually moving on chain and how the prediction API integrates into apps

(20:27) – Improving Solana infra for HFT and solving jitter, latency and market maker pain points

(22:27) – Why DFlow is building on Solana and the vision for DeFi as efficient financial rails

(23:08) – Nitesh’s final advice on ignoring price action and thinking long term

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