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 weekly active users surged from 16.8 million to 29.7 million, a 77% increase driven by activity around the memecoin ANSEM. This growth highlights Solana's leading position in blockchain on-chain activity, surpassing competitors like Tron and...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Solana saw a surge of 1.6 million new addresses in two weeks, signaling stronger network activity and ecosystem growth. This increased participation supports a positive market outlook as SOL maintains its short-term uptrend, holding key support level...
Solana's decentralized blockchain now ranks second worldwide in spot crypto trading volume, processing about $12.25 billion, trailing only Binance. Its decentralized exchanges surpassed Coinbase and Kraken combined, driven by low fees, high speed, an...
Circle minted $3.5 billion worth of USDC stablecoins on the Solana blockchain in one week, including a single $1 billion transaction on June 16. This surge pushes total USDC issuance on Solana past $64 billion for 2026, highlighting growing instituti...
