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DeFi Development launches real-time State of Solana dashboard

The Nasdaq-listed firm says it runs the platform as it holds about 2.3 million SOL valued around $208 million and its shares are down 16% year to date.

Reported · Written up by our desk · Market Structure

DeFi Development Corp., a Nasdaq-listed Solana digital asset treasury firm, launched a public, real-time data and research platform called State of Solana, designed to consolidate Solana network and ecosystem metrics into a single dashboard. The Block reports the platform covers SOL market data, staking and validator activity, yield, and ecosystem performance.

The company said the goal is to help investors and ecosystem participants evaluate Solana fundamentals beyond the price of SOL, and it plans to add more datasets, visualizations, and research tools over time. In a press release, DeFi Development CMO Pete Humiston said the thesis for Solana extends beyond SOL's market price.

The Block also reports that DeFi Development holds about 2,294,576 SOL, valued at roughly $208 million at current prices as of Aug. 10. It said the firm’s shares are down 16% year to date, and that its unaudited financial statement showed total revenue of $2.66 million in the first quarter, disclosed in May.

The Block further noted that other Solana treasuries include Forward Industries, which holds about 7 million SOL.

Latest closeSolana $96.50 ▼0.1%|Nasdaq Comp. 26,729.16 ▼0.3%

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