Jupiter Predict Targets Third Straight Monthly All-Time High as Sector Gains Momentum

After watching Polymarket and Kalshi dominate the sector, Solana’s prediction market scene sits on the verge of shipping competitive products.

Totalis, a Y Combinator app that became the incubator’s first startup to receive VC funding payments onchain, has just launched on Solana. 

Meanwhile, Jupiter Predict is lining up its biggest month ever, while an emerging Solana-native venue prepares to come out of stealth just in time for the world’s most-watched sporting event.

Totalis Goes Live, Settling PM Parlays on Solana

Totalis, a Y Combinator startup, has just gone live, enabling traders to create prediction market parlays across venues like Polymarket and Kalshi and settle payouts on Solana. 

According to Totalis documentation, traders pick outcomes across various event contracts and combine them into a single leveraged position. Using RFQ architecture, market makers then compete to give traders the best payout odds on their selection, settling funds on Solana.

Totalis made history earlier this year, becoming the Y Combinator start up funded by VCs using stablecoins. In April, Totalis received $500k in $USDC from investors across three transactions on the Solana network.

In a statement celebrating the raise, Totalis argued that the transfers represented “a historic moment for YC and for crypto”, marking “a small but meaningful shift in how startups get funded.”

Jupiter Predict Sets Sights on Monthly Volume ATH

Beyond apps like Totalis reinventing how traders can navigate prediction markets, demand for events-based contracts on Solana is steadily growing.

Jupiter Predict, the DeFi superapp’s Kalshi-powered venue, has enjoyed rising volumes in recent months. After recording over $5.3M in volume during April, Jupiter Predict is targeting its third consecutive all-time high in monthly volume with 5 days remaining in May.

Beyond rising trade volumes, Jupiter Predict has witnessed consistent growth in the platform’s number of resolved predictions. While monthly volume in May is yet to reach all-time highs, resolved predictions are 30.7% higher than in April. 

This disparity suggests that Jupiter Predict is witnessing more individual trades across lower volumes, perhaps indicating a growing retail user base.

Network Awaits a Frontier Solana-Native Prediction Market

Prediction Markets have undoubtedly been one of the breakout crypto app categories of the past two years, with Polymarket and Kalshi netting billions of dollars in trading volume as the world experiments with an emerging market.

Despite its substantial presence in DeFi spot markets and influence in the wider crypto economy, Solana has been left largely sidelined on the prediction market boom. Polymarket settles primarily on Polygon and intends to migrate to its own dedicated network, while Kalshi markets are executed offchain despite supporting crypto deposits.

However, network contributors are optimistic that Solana will soon have a fighter in the arena that they can rally behind. Solana Foundation representative Seraphim has hinted that a competitive, Solana-native protocol is weeks away from joining the prediction market race, coinciding its launch with the Fifa World Cup.

Reportedly engaging over 5B viewers, the Fifa World Cup is typically the world’s most-viewed sporting event, and is likely to attract speculators and bettors from across the globe. Should Solana’s upcoming prediction market provide a superior trading experience to the incumbents, the Fifa World Cup could serve as a large-scale onboarding event that brings new users to Solana DeFi and expand the onchain economy beyond its existing boundaries.

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