DeFi Development Corp. has launched State of Solana, a public real-time dashboard tracking Solana's market, network, staking, validator, yield and ecosystem data. The Nasdaq-listed firm built the platform as it holds more than 2.29 million SOL worth about $208 million, while its own shares are down 16% year to date.
Nasdaq-listed DeFi Development Corp. launched State of Solana on Wednesday, a public real-time data and research platform that consolidates Solana's market, network, staking, validator, yield and ecosystem metrics into a single dashboard. The company says the tool is meant to show investors the network's fundamentals beyond the price of SOL.
Dashboard tracks network activity beyond price
The platform tracks SOL returns across several periods, including 24 hours, three months, year to date, one year and five years, alongside interactive price history and cross-chain comparisons. Live network data includes epoch progress, slot times, block height, throughput and transactions per second.
The dashboard also covers staking yield, inflation, validator distribution, the Nakamoto coefficient and network uptime. DeFi Development plans to keep adding datasets, visualizations and research tools over time.
DeFi Development Chief Marketing Officer Pete Humiston said the company's case for Solana goes beyond SOL's market value. Chief Executive Joseph Onorati has separately said the firm's approach differs from the corporate bitcoin treasury model: according to crypto.news, "SOL is a different asset than BTC."
Treasury holds 2.29 million SOL as shares slide
DeFi Development holds 2,294,576 SOL and SOL equivalents as of Aug. 10, worth about $208 million at current prices. The company also operates validator infrastructure and deploys part of its treasury across onchain protocols, which makes network-level data directly relevant to its strategy.
Forward Industries holds one of the largest corporate SOL treasuries. The company expanded its holdings to 7.55 million SOL as of June 30 after buying more than 500,000 SOL during its fiscal third quarter.
The stock trades near $4.50, giving the company a market cap of about $140 million, down 16% year to date and more than 70% over the past 12 months. The company reported a net loss of $83.4 million in the first quarter, reflecting declines in its non-cash digital asset holdings.
Sources: The Block, crypto.news
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