Solana Treasury Firm Invites Investors to Look 'Beyond the Price of SOL'

In brief

• DeFi Development Corp launched State of Solana, a free public dashboard tracking Solana price, staking yields, validator distribution, and live network throughput.
• The company holds 2,294,576 SOL worth roughly $208 million as of August 10, making it the second-largest Solana treasury behind Forward Industries.
• DFDV shares trade near $4.50, down about 16% year to date and down more than 70% over the past 12 months.

DeFi Development Corp announced the launch of State of Solana on Wednesday, a public data and research platform that pulls Solana market, network, staking, and ecosystem metrics into one dashboard.

The Boca Raton company was the first U.S. public company to build a treasury strategy around accumulating Solana’s native token SOL. It’s now complimenting its treasury with a free data product centered on the Solana network.

"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 of DeFi Development Corp, said in the launch announcement. "State of Solana gives investors and ecosystem participants a way to see the underlying data for themselves."