Another Major Solana Purchase By DeFi Dev Corp, Here’s How Much They Got
A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporations, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury. Solana Treasury Companies Are […]
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Two major institutional players – SOL Strategies and DeFi Development Corp – recently injected $509.9M combined into their Solana treasury incentives. The investment strategy echoes MicroStrategy, but this time, it’s Solana ($SOL) rather than Bitcoin ($BTC). These sizable capital inflows into $SOL suggest a bright future for Solaxy, the world’s first Solana Layer-2 (L2) network […]
Is Solana summer over? Seasonality might suggest so, but if that’s enough for you, the blockchains usage across both defi and NFT landscapes has been falling recently. Competing chains are making targeted and dedicated efforts to get more involved in both defi and NFTs, leading to major growth and investment in the space at large. […]
Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In an announcement sent to Cointelegraph, the blockchain oracle platform notes that upon launch, seven price feeds will be available to Solana developers, including BTC/USD, ETH/USD and USDC/USD. At the later stages of the....
A $1.65 billion war chest for Solana is now live in public markets. Forward Industries (NASDAQ: FORD) closed one of the largest PIPE financings in crypto to date—funded entirely in cash and stablecoins—to establish what sponsors call “the world’s largest Solana digital asset treasury strategy,” with proceeds earmarked primarily to purchase SOL and then actively […]
A Solana investor has filed a class action lawsuit against major stakeholders in the Solana network for allegedly benefitting off SOL, the native coin of the blockchain, which, according to the claim, is an unregulated security. The filing was made in California by legal counsels representing a homeowner. Based on the specifics of the complaint, it […]