Nasdaq-listed DeFi Development Corp resumed buying Solana, picking up roughly 19,000 SOL, the same day the token posts its strongest monthly gain since 2024 and validators close a landmark governance vote on its supply. The vote could double Solana's disinflation rate and sharply raise its daily token burn.
DFDV resumes its Solana buys
DeFi Development Corp acquired roughly 19,000 SOL at an average price of $98.14. The purchase brought its total holdings to about 2.33 million SOL.
The purchase was partially funded by the company's divestment of ZeroStack, a firm it signed a strategic partnership with in September 2025. The new SOL is expected to be held long-term and deployed through DeFi Development's staking infrastructure.
CEO Joseph Onorati said the buy reflects investor demand for leveraged Solana exposure: "DFDV is designed to provide investors with leveraged exposure to Solana". DFDV's return has been more than twice that of SOL in August.
Quarter-to-date, shares have outperformed SOL by 1.8x. Shares also traded higher by 12% to $5.04 at publication time.
The move gave the treasury firm a market capitalization near $160 million. The stock, however, remains down about 5.5% year-to-date.
Solana logs its best month since 2024
Meanwhile, Solana's own token is rallying. Decrypt reported SOL climbed more than 8% in the past 24 hours and roughly 44% since August began, pushing the token back above $105 for the first time since January. The Block separately put the token up more than 11% over the past 24 hours to $107.11, up nearly 40% over the past month but still down 14% in 2026.
SOL's 14-day RSI, a momentum gauge where readings above 70 typically flag an asset as overbought, is sitting near 84.5.
A historic vote on Solana's supply
The rally lands the same day network validators close Solana's first-ever binding governance vote, which bundles three proposals under a new on-chain system called Solana Governance Proposals. One ratifies a Solana Constitution formalizing how that voting works going forward. Voting wraps around 15:30 UTC today, when epoch 1023 ends.
SIMD-550, filed by engineers at Helius, would double Solana's disinflation rate from 15% to 30%, reaching the network's 1.5% inflation floor by 2029 instead of 2032 — roughly 18.9 million fewer SOL created over the next six years. Per a 21Shares analysis cited by Decrypt, staking yield would fall from around 5.25% today to about 2.25% within three years.
SIMD-553, from Solana R&D firm Temporal, would split transaction fees into a validator-paid inclusion fee and a new resource fee that gets burned outright. That change would lift Solana's daily burn from about 650 SOL, worth roughly $48,000, to as much as 9,000 SOL, worth around $668,000. Both proposals need a two-thirds supermajority of participating stake to pass, voted on independently.
Nasdaq-listed Solana Company backs the new constitution but is voting against both tokenomics changes, citing timing rather than disagreement with the goals. Results from the vote are expected within hours of epoch 1023 closing.
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