DeFi Development Launches ‘State of Solana’ Real-Time Data Platform

Nasdaq-listed DeFi Development Corp. has launched a real-time data and research platform that lets users track Solana market and network metrics in one place.

The Block reported on Aug. 26 that DeFi Development unveiled State of Solana, a platform that consolidates Solana-related data. The dashboard provides market data, network, staking, validator, yield and ecosystem metrics in a single view.

The company said it built the platform to help investors gauge not just Solana’s price, but also the network’s underlying fundamentals. It plans to continue expanding the service with additional data, visualizations, research tools and ecosystem analysis.

Pete Humiston, DeFi Development’s chief marketing officer, said Solana’s importance in the digital-asset market cannot be explained by SOL’s price alone. He added that State of Solana allows investors and ecosystem participants to review the underlying data directly.

DeFi Development is one of the digital asset treasury, or DAT, companies that hold Solana as a primary reserve asset. As of Aug. 10, the company held 2,294,576 SOL, worth about $208 million at current prices.

DeFi Development shares trade at about $4.50, giving the company a market capitalization of about $140 million. The stock is down 16% this year and has fallen more than 70% over the past 12 months.