DeFi Development Corp announced that the U.S. listed company, with its SOL as its core treasury policy, has launched an open data platform State of Solana, which is available free of charge to outside investors and ecological players. The platform brings together Solana ' s market, network, pledge and ecological data on the same page in an attempt to extend outside interest in SOL from a single price to a chain of operation and performance of returns.
Platform integrates multiple links
According to the company, the State of Solana covers a number of dimensions, including SOL ' s return over time, price history, current epoch progress, slot time, network transaction volume per second, pre-asset rate, inflation level, and Solana DeFi returns.
The Platform also includes data such as cross-chain dynamicity comparisons, as well as certification pledge distribution. This includes the Nakamoto coefficient, which measures how many certifiers will be required to act in concert in order to be able to shut down the network. According to the company, the product was completely free of charge, with no entry threshold and no tiered subscription.
Second in size.
The data disclosed by the company this month show that, as at 10 August, it held 2,294,576 SOLs, approximately $208 million of their medium calibre. Based on the size of the holdout, the company is currently the second-largest Solana Treasury after Forward Industries, which holds approximately 7 million SOLs.
It was reported that SOL Wednesday was $96.14 and that the last seven days had been about 23 per cent higher. However, the company ' s share price did not improve at the same time. The stock code of DeFi Development Corp is DFDV, with a value of approximately $4.50, with a market value of about $140 million, and a cumulative decline of about 16 per cent during the year, which is about 72 per cent lower than the closing price of about $16 a year ago.
Big loss recorded in the second quarter.
The company ' s quarterly report shows a net loss of $27.3 million for the three months ended 30 June, and a cumulative net loss of $110.7 million for the first half of the year. The main drag was on losses related to digital assets, amounting to $72.5 million. The reasons for this include the decline of SOL against the United States dollar and the company ' s conversion of part of the hold to a money deposit of a liquid nature.
During the same period, the company received $3.3 million on a quarterly basis. In the case of these digital asset banks, the market usually requires them to produce new growth narratives when the equity price is below the value of the asset held. DeFi Development Corp launched the data platform, apparently in an attempt to position itself from a mere currency holding company to an ecological data and research portal in Solana.
My colleagues are adjusting their strategies.
Since the beginning of the year, many digital asset banks have been adjusting their strategies. Strategy continued to finance the expansion of the Bitcoin reserve and the creation of the United States dollar cash reserve; Tom Lee participated in a continuous increase in Bitmine's share of ETH; and the purchase of Japanese-listed company Metaplanet slowed in the second quarter.
Additional information:According to the report, the purpose of the platform was to allow investors to observe the use of the network, throughput, pledge, rate of return, decentrization and ecological growth at the same time as the short-term price of SOL.