Jupiter lands $35M deal, brings Polymarket to Solana

Jupiter said that Polymarket will be incorporated into its platform, while ParaFi Capital has made a $35 million strategic investment in JUP with an extended lockup.

The Solana-based decentralized exchange Jupiter announced its integration of Polymarket into the network, positioning this development as an initiative to enhance Jupiter's functionality as a comprehensive on-chain forecasts hub.

“Polymarket is debuting on Solana for the first time.” The exchange announced on X that customers will be able to trade prediction markets on a single on-chain platform, referred to as “Jupiter.”

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Jupiter lands $35M deal, brings Polymarket to Solana

JUP referred to Polymarket as “the largest predictions market in cryptocurrency” and asserted that the agreement is “positioned to establish Jupiter as the most innovative predictions platform on Solana.”

The statement was accompanied by a distinct funding update: Jup disclosed that it has obtained a $35 million strategic investment in JUP from ParaFi Capital to expedite the development of “on-chain financial infrastructure.”

The transaction will be conducted only in JupUSD, Jupiter's dollar-pegged cryptocurrency, and was finalised at the prevailing market price, according to the project. ParaFi has also pledged to an extended token lockup as a component of the agreement.

The pseudonymous co-founder of Jupiter, Meow, stated that “Jupiter Predict” will be a primary focus in the upcoming year, with initiatives aimed at developing prediction market APIs and enhancing 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.

Jup's on-chain 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.