DeFi Development Launches Real

DeFi Development Launches Real-Time Solana Data Platform

• DFDVW
• SOL

DeFi Development Corp (NASDAQ: $DFDV) has launched a new public platform aimed at giving investors real-time insight into Solana’s (CRYPTO: $SOL) network activity.

In a Wednesday announcement, the Nasdaq-listed company said that State of Solana brings market, network, staking, validator and ecosystem data together on a single dashboard. The platform tracks measures including SOL returns, network activity, transaction throughput, staking yields, inflation, validator distribution and network uptime.

The site also offers historical data and tools for comparing Solana’s activity with other major blockchain networks. Users can view live network statistics, staking information and trending activity across the Solana ecosystem.

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“We have spent a lot of time explaining why we believe Solana is one of the most important networks in crypto, but that thesis extends far beyond the price of SOL,” Pete Humiston, chief marketing officer at DeFi Development, said. “State of Solana gives investors and ecosystem participants a way to see the underlying data for themselves,” he added.

The launch comes as DeFi Development continues to build its business around a large Solana treasury. As of August 10, the company held 2.29 million SOL, valued at roughly $208 million based on the figures provided. The firm also operates validator infrastructure and earns rewards from staking.

In May, DeFi Development launched a $200 million at-the-market equity program to support additional Solana purchases, working capital, and strategic initiatives. The company said it will issue shares selectively when it believes doing so can increase SOL exposure per share.

Meanwhile, the company reported $2.66 million in revenue for the first quarter, while its net loss reached $83.4 million. The loss was largely linked to declines in the value of its digital asset holdings.

DeFi Development’s shares are down over 15% since the start of the year and more than 70% over the previous 12 months, currently trading $4.52 apiece.

Source: finance.yahoo.com