Real estate data on-chain is really hot right now.

Recently, the on-chain real estate platform Parcl announced a partnership with prediction market Polymarket, bringing Parcl's daily housing price indices directly into Polymarket's real estate prediction section. The news sent PRCL tokens soaring over 150% in a short time. While it's pulled back somewhat, the price is still holding around $0.042, with a market cap of approximately $19 million.

How does this partnership work? The logic is actually quite straightforward — Parcl provides daily real estate price indices as independent reference data for settlement, while Polymarket builds and operates the prediction markets. Users can directly trade USDC on the Polygon chain. The key part is that market settlements are entirely based on Parcl's publicly verifiable indices, completely avoiding the delays typical of traditional real estate data, which often updates only every two weeks or even monthly. It also eliminates room for subjective judgment.

The prediction market mechanics are fairly diverse too — users can bet on whether housing prices will rise or fall within monthly, quarterly, or annual periods, and can also participate in threshold markets (such as whether housing prices can break through a specific price level). From the perspective of "everything is predictable," the on-chain transformation of real estate data truly opens up new imaginative possibilities and continues to expand the application boundaries of prediction markets.