Jupiter said it has received a $35 million strategic investment from ParaFi Capital, marking the first time the Solana-based onchain trading and liquidity aggregation protocol has taken external capital after years of bootstrapped, profitable growth.
The transaction consisted of market-price token purchases with no discount, featured an extended lockup period, and was settled entirely in Jupiter’s JupUSD stablecoin, the companies said. Other financial details beyond the $35 million were not disclosed.
Jupiter has processed over $1 trillion in trading volume in the past year and has broadened its scope beyond swap routing into perpetuals, lending and stablecoins, the company noted. The deal also included warrants that allow ParaFi to buy additional tokens at higher prices, a structure both firms said was intended to align incentives over the long term.
Product expansions have accompanied Jupiter’s growth. In October, Jupiter launched a beta onchain prediction market developed with Kalshi, and in January it introduced JupUSD, a Solana-native dollar-pegged stablecoin created in partnership with Ethena Labs. Jupiter’s native token (JUP) traded higher, up roughly 9% over the prior 24 hours according to CoinGecko data.
Decentralized protocols have continued to attract venture capital via token-based deals in 2025 and early 2026. Examples include a16z Crypto’s $50 million investment in Jito, a Solana liquid-staking protocol, through a token allocation provided at a discount. In January, Babylon — a protocol focused on Bitcoin-native staking and lending — raised $15 million from a16z Crypto through a sale of its BABY token to fund onchain infrastructure development.
Venture support has also extended beyond DeFi. In September, Bio Protocol, a decentralized science platform, raised $6.9 million from investors including Maelstrom Fund and Animoca Brands to develop an AI-native, blockchain framework for biomedical research. Last year, Humanity Protocol, an onchain identity platform, reportedly raised $20 million from Pantera Capital and Jump Crypto at a roughly $1.1 billion valuation to advance its Proof of Humanity biometric identity system.
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