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

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

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.”

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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.

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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.

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Crypto World

Tether Unveils AI System to Run Large Models on Smartphones

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Tether Unveils AI System to Run Large Models on Smartphones

Tether, issuer of the world’s largest stablecoin by market cap, USDT, has released a new AI training framework that it says allows large language models to be fine-tuned on consumer hardware, including smartphones and non-Nvidia GPUs.

According to Tuesday’s announcement, the system, part of its QVAC platform, uses Microsoft’s BitNet architecture and LoRA techniques to reduce memory and compute requirements, potentially lowering the cost and hardware barriers to developing AI models.

The framework supports cross-platform training and inference across a range of chips, including AMD, Intel and Apple Silicon, as well as mobile GPUs from Qualcomm and Apple.

Tether said its engineers were able to fine-tune models with up to 1 billion parameters on smartphones in under two hours, and smaller models in minutes, with support extending to models as large as 13 billion parameters on mobile devices.

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