February 03, 2026 ChainGPT

Jupiter Brings Polymarket to Solana, Backed by $35M JupUSD Investment

Jupiter Brings Polymarket to Solana, Backed by $35M JupUSD Investment
Jupiter is bringing Polymarket to Solana — and backing the move with a major cash injection. Solana-based decentralized exchange Jupiter announced it will integrate Polymarket, rolling the popular prediction-market protocol onto the Solana network “on Jupiter.” The integration, the team says, will let users trade prediction markets “on one onchain platform,” positioning Jupiter as a fuller on-chain hub for event trading. Jupiter described Polymarket as “the biggest predictions market in crypto” and framed the deal as a step toward making Jupiter “the most innovative predictions platform on Solana.” The project’s pseudonymous co‑founder, meow, added that “Jupiter Predict” will be a primary focus over the next year, with planned upgrades including robust prediction-market APIs, a redesigned market-discovery UX, richer per-market data, and “novel mechanisms to trade and communicate.” The announcement came alongside a separate financing update: Jupiter secured a $35 million strategic investment from ParaFi Capital, paid entirely in JupUSD — Jupiter’s dollar-pegged token — and executed at spot price. ParaFi has also agreed to an extended token lockup as part of the arrangement. Jupiter said the funding is intended to accelerate work on on‑chain financial infrastructure. Prediction markets have seen renewed interest over the past year as venues for trading on elections, macro releases and major news events. Polymarket has been one of the sector’s prominent beneficiaries, attracting liquidity and attention even as parts of the category face regulatory scrutiny in some jurisdictions. Jupiter already sports a sizable on‑chain footprint: DefiLlama data cited by the team shows roughly $2.35 billion in total value locked on the platform, with annualized fees near $650 million and annualized protocol revenue around $150 million. Neither Jupiter nor Polymarket disclosed a rollout timeline or the technical and compliance details of the integration — such as custody arrangements, market access, or how regulatory concerns will be handled. Still, Jupiter’s messaging makes clear it intends prediction markets to sit alongside swaps and other on‑chain products as a core pillar of its growth strategy. Read more AI-generated news on: undefined/news