From January 30 to February 2, Jupiter hosted its annual community conference with this year’s edition named ‘CatLumpurr’ after the host city, Kuala Lumpur. The team framed the gathering as an opportunity to show how its expanding product stack connects, to meet contributors, and to invite feedback on what should ship next. Over the course of the event, Jupiter outlined a wide range of updates spanning infrastructure, consumer-facing products, and developer tooling. Some of these updates include:
ParaFi Capital Commits $35 Million at Market Price
Jupiter Exchange confirmed that it secured a $35 million strategic investment into the $JUP token from ParaFi Capital. The transaction closed at spot price and settled entirely in $JupUSD, Jupiter’s native stablecoin. ParaFi also agreed to an extended token lockup, signaling a long-term commitment rather than a short-term trade.
$JupUSD launched in 2025 in partnership with Ethena Labs and currently holds a market cap of more than $39 million.
ParaFi Capital ranks among the most established digital asset investment firms, with a history of backing DeFi and blockchain infrastructure projects. Jupiter did not disclose detailed terms beyond labeling the round as “strategic.” Crypto lawyer and Jupiter team member wassielawyer described the investment as unprecedented in his experience.
Jupiter Brings Polymarket to Solana
Another major announcement involved prediction markets. Jupiter revealed that Polymarket will expand to Solana through a direct integration with the Jupiter app. The integration introduces a built-in Prediction feature that allows users to trade Polymarket contracts without leaving Jupiter.
This marks the first time Polymarket has operated on Solana. The move builds on Jupiter’s existing prediction market offering, which previously relied on Kalshi-powered markets and had already listed dozens of active contracts across sports, crypto, and political events. By adding Polymarket, Jupiter expands the scope and liquidity of its prediction markets while consolidating multiple event-based trading experiences within a single onchain interface.
The integration also arrives amid intensifying competition in the prediction market sector. In December, Kalshi launched tokenized versions of its event contracts on Solana, bringing thousands of existing markets onchain and opening direct access to crypto-native traders. Kalshi’s expansion onto Solana reflects a push to compete more directly for crypto-centric users, a segment that Polymarket has historically dominated. As both platforms expand their onchain reach, Jupiter’s integration with Polymarket places it at the center of a rapidly growing prediction market landscape that continues to draw interest beyond traditional crypto audiences.
Framing the announcement, Jupiter cofounder Meow stated that Jupiter Predict will become a major focus over the next year.
Expanding Into Payments With Jupiter Global
Jupiter also introduced Jupiter Global, a suite of onchain payment and financial services aimed at real-world use. The product includes QR scan-to-pay functionality across merchants and peer-to-peer transfers in the Asia-Pacific region, with zero fees and instant settlement on local payment rails.
Jupiter Global also provides virtual fiat accounts in U.S. dollars, euros, and British pounds, enabling global transfers via SWIFT to more than 200 countries and local payouts in over 15 currencies. The offering includes a premium crypto card that lets users spend $USDC at more than 150 million merchants worldwide. Users can switch between a pure DeFi mode and a secure global mode designed to balance usability and privacy.
Other Announcements
Beyond consumer products, Jupiter announced several infrastructure-focused initiatives. Jupiter launched the Solana Ecosystem Explorer, a product that aggregates financial data, social metrics, user activity, and product information into a single view.
Jupiter Offerbook adds a permissionless, peer-to-peer credit layer to Solana. The system enables time-based loans without price-based liquidations and supports borrowing against tokens, real-world assets, NFTs, and other onchain assets.
The team also previewed the upcoming private beta of Giant Unified Market (GUM), which aims to bring all types of assets into one single market. The team describes it as the next evolution of the Jupiter ecosystem.
Criticism of Q4 Active Staking Rewards Claims
Not all updates landed without friction. Jupiter’s Active Staking Rewards for the October to December 2025 period went live on January 30, prompting immediate backlash within the community. The rewards were intended for users who staked $JUP during the fourth quarter, but the claim process required users to import their seed phrase into the Jupiter wallet when claiming via mobile or desktop.
Several users criticized this requirement, arguing that forcing seed phrase imports for relatively small rewards introduced unnecessary security risks. Community members also noted that the process excluded users who rely on keyless wallets or custodial services, thereby limiting access to rewards they had already earned.
In response to the backlash, Jupiter acknowledged the concerns and said it plans to enable reward claims from other wallets within one to two weeks.
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