DeFi Development Corp.

DeFi Development Corp has launched State of Solana, a public platform providing real-time insights into Solana's network activity, including market, staking, validator, and ecosystem data. The dashboard tracks metrics such as SOL returns, transaction throughput, staking yields, inflation, and network uptime, and offers historical data and comparisons with other blockchains. Chief marketing officer Pete Humiston said the platform lets investors see the underlying data supporting the company's bullish thesis on Solana. The launch follows DeFi Development's accumulation of a large Solana treasury, holding 2.29 million SOL valued at roughly $208 million as of August 10, and its $200 million at-the-market equity program initiated in May. The company reported $2.66 million in first-quarter revenue and a net loss of $83.4 million, largely due to declines in digital asset values. Its shares are down over 15% year-to-date and more than 70% over the past 12 months, trading at $4.52.