DeFi Development Corp, a Nasdaq-listed company focused on Solana, has initiated a $200 million at-the-market equity offering to fund its Solana reserve strategy. The company plans to issue shares only when it increases the value of SOL per share, aiming to reach one SOL per share by 2028. Proceeds from the offering will primarily support further accumulation of SOL, alongside working capital and strategic initiatives. This move continues DeFi Development's approach of using equity raises to grow its SOL treasury and generate organic yield through staking and ecosystem participation.
Solana's price remains stuck below $100 despite record-breaking network activity and a surge in stablecoin transactions, highlighting a disconnect between strong fundamentals and price performance. The token has traded in a tight $80-$90 range for mo...
Pump.fun, originally a Solana-based memecoin launchpad, now supports trading across multiple EVM-compatible chains like Ethereum, Base, and BNB Chain using SOL as the universal currency. Users can trade without managing gas tokens or bridging assets,...
Pump.fun has expanded its trading platform to support multiple EVM-compatible blockchains including Ethereum, Base, and BNB Chain, allowing users to trade across these networks using SOL as the settlement currency. This eliminates the need for bridgi...
The Solana ecosystem is experiencing strong growth driven by the Bitwise Solana Staking ETF, which has attracted nearly $1 billion in cumulative net inflows. This institutional demand is boosting liquidity across Solana protocols, increasing total va...
Solana has become the dominant platform for trading foreign tokens, capturing nearly 40% of decentralized exchange (DEX) activity, surpassing Hyperliquid in spot trading volume. Its fast transaction speeds and low fees attract traders, especially for...
