Jupiter brings Polymarket to Solana and lands $35 million investment deal

Share This Post

Solana-based decentralized excange Jupiter said it will bring Polymarket to the network for the first time, rolling out an integration that it pitched as a push to make Jupiter a fuller on-chain predictions hub.

“For the first time, Polymarket is coming to Solana. On Jupiter,” the exchange posted on X, adding users will be able to trade prediction markets “on one onchain platform.”

Jupiter called Polymarket “the biggest predictions market in crypto” and said the deal is “primed for making Jupiter the most innovative predictions platform on Solana.”

The announcement came alongside a separate funding update: Jupiter said it has secured a $35 million strategic investment in JUP from ParaFi Capital to accelerate work on “onchain financial infrastructure.”

The deal will be settled entirely in JupUSD, Jupiter’s dollar-pegged token, and was closed at spot price, the project said. ParaFi has also committed to an extended token lockup as part of the arrangement.

Jupiter’s pseudonymous co-founder meow said “Jupiter predict” will be a major focus over the next year, with planned work spanning prediction market APIs and revamped market discovery tools.

Prediction markets have seen renewed attention over the past year as they’ve become a popular venue for trading event outcomes, particularly around elections, macro data releases and high-profile news cycles.

Polymarket has been one of the category’s main beneficiaries, drawing liquidity and mindshare even as parts of the sector face regulatory scrutiny in key jurisdictions.

Jupiter’s onchain footprint is already sizable, with the total value of assets locked on the platform at about $2.35 billion as of Monday. Annualized fees stand near $650 million and annualized protocol revenue around $150 million, per DefiLlama.

Neither Jupiter nor Polymarket shared a timeline for rollout or details on how the integration will work across custody, market access and compliance considerations.

Still, Jupiter’s messaging suggests it wants prediction markets to sit alongside swaps and other on-chain products as a core pillar of the platform’s growth strategy.

Related Posts

Pakistan Opens Crypto Licensing Portal With Sept. 5 Deadline

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its...

Crypto’s next billion users might be AI agents, and they’re paying with stablecoins

According to Coinbase’s head of AI product, we’re currently...

Crypto card spending tops $1 billion as stablecoins move into everyday purchases

Tracked card volume more than tripled in a year,...

Regulation Crypto is here: State of Crypto

The SEC published its Reg Crypto proposal last week,...