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DeFi Giant Aims for $1B War Chest to Double Down on Solana

DeFi Giant Aims for $1B War Chest to Double Down on Solana

Author:
Coindesk
Published:
2025-04-26 16:20:51
20
3

DeFi Development Plans to Raise $1 Billion to Buy More Solana

Solana’s institutional backers are loading the cannons—anonymous DeFi players are plotting a billion-dollar buy-in, betting the chain will eat Ethereum’s lunch.

Why Solana? Speed, costs, and that sweet institutional FOMO. Never mind that half these funds will probably vanish into ’consulting fees’ before a single SOL is bought.

This isn’t just a trade—it’s a power move. If the raise succeeds, Solana’s price could detonate past ATHs while leaving rival chains scrambling.

|Square

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