DeFi Development Corp’s Bold $102M Solana Bet Mirrors MicroStrategy’s Bitcoin Strategy
In a move reminiscent of MicroStrategy’s aggressive Bitcoin accumulation, Nasdaq-listed DeFi Development Corp (formerly Janover) has significantly expanded its Solana holdings with a $23.6 million purchase. This marks the company’s tenth investment in SOL since shifting its focus to digital assets, demonstrating strong institutional confidence in Solana’s long-term potential.
DeFi Development Corp Doubles Down on Solana with $23.6 Million Purchase
DeFi Development Corp, a Nasdaq-listed firm formerly known as Janover, has aggressively expanded its Solana holdings with a $23.6 million acquisition. The purchase of 172,670 SOL tokens at an average price of $136.81 marks the company’s tenth investment in the cryptocurrency since pivoting to digital assets.
The firm now holds nearly 596,000 SOL, valued at over $102 million, echoing MicroStrategy’s bitcoin accumulation strategy. Unlike speculative traders, DeFi Development Corp plans long-term deployment of these assets as part of its blockchain-focused treasury strategy.
This institutional MOVE signals growing confidence in Solana’s ecosystem, particularly as developers continue building decentralized applications on its high-performance blockchain. The acquisition comes amid renewed interest in Solana-based projects and tokens.
TassHub Launches Beta Web3 Marketplace for Creators on Solana
TassHub, a Web3 platform designed to empower content creators, is set to launch its beta marketplace on May 23rd. Built on Solana’s high-speed blockchain, the platform leverages the native $TASSHUB token to offer a censorship-resistant alternative to traditional Web2 platforms.
The marketplace caters to artists, freelancers, influencers, and adult content creators, enabling them to monetize their work without the high fees and arbitrary restrictions common on legacy platforms. Solana’s scalability ensures low transaction costs and fast settlement—a competitive edge for creator-driven economies.
Solana-Based LaunchCoin Surges 7000% Amid Web3 Social Platform Hype
LaunchCoin, the native token of the Solana-based Believe platform, has skyrocketed 7000% in a week, climbing from $0.0061 to $0.36. The token powers a Web3 social platform that simplifies crypto token creation via X (formerly Twitter) posts. Users generate tokens by tagging @launchcoin with a name and ticker—no coding required.
The parabolic move reflects growing demand for frictionless tokenization tools, though skeptics question sustainability. Solana’s ecosystem continues to attract speculative capital, with infrastructure projects like Believe capitalizing on its low-cost, high-speed blockchain.
Fartcoin Price Eyes $2 As Hyperliquid Listing Hype Pushes Open Interest to Record Highs
Fartcoin, a Solana-based meme token with AI elements, has surged 575% from its Q2 lows, now trading NEAR $1.26. The rally comes amid anticipation of its Tier-1 DEX listing on Hyperliquid, which has driven futures open interest to a record $712 million.
On-chain activity shows robust participation, with DEX volume hitting $261.88 million across 341,000 trades. The price structure mirrors December-January breakout patterns, suggesting potential for further upside. Short-term targets cluster between $1.76-$2.00, with the all-time high of $2.74 appearing achievable if current momentum persists.
