DeFi Development Corp. Publishes New Market Analysis: “The Next Best Crypto Trade? Solana DATs.”

Rhea-AI Summary

DeFi Development Corp (NASDAQ: DFDV) published a research report titled “The Next Best Crypto Trade? Solana DATs” on October 17, 2025 describing Digital Asset Treasuries (DATs) built on Solana.

The report explains DAT mechanics and valuation (how treasuries accumulate crypto, compound exposure, and capture mNAV/premium), compares Solana, Ethereum and Bitcoin treasury vehicles on throughput, fee stability and staking yield, and lists investor indicators and common structural risks when selecting DATs. It advances a strategic thesis that Solana-based DATs, including DFDV, may offer asymmetric upside if market risk pricing and network leadership re-rate.

BOCA RATON, FL, Oct. 17, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the publication of its latest research report, “The Next Best Crypto Trade? Solana DATs,” analyzing how Solana-based Digital Asset Treasuries (DATs) may represent the most compelling structural trade setup in today’s crypto markets.

The piece explores how Digital Asset Treasuries are emerging as a distinct, investable category within public markets, combining capital-market efficiency with onchain yield generation, and why Solana’s ecosystem dynamics make it uniquely positioned to lead the next wave of institutional participation.

The article covers:

• DAT mechanics and valuation: how publicly listed treasuries accumulate crypto, compound exposure, and track mNAV and premium capture.
  
  
• Comparative framework: performance contrasts between Solana, Ethereum, and Bitcoin treasury vehicles, with a focus on throughput, fee stability, and staking yield.
  
  
• Selecting the right DAT: key indicators investors should evaluate when assessing quality, sustainability, and long-term alignment, along with common structural risks to avoid.
  
  
• Strategic thesis: why Solana-based DATs, such as DeFi Development Corp. (DFDV), may deliver asymmetric upside as the market re-prices risk and network leadership.
  

Read the complete analysis here.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

FAQ

What did DeFi Development Corp (DFDV) publish on October 17, 2025?

DFDV published a research report titled “The Next Best Crypto Trade? Solana DATs” analyzing Solana-based Digital Asset Treasuries.

What are Digital Asset Treasuries (DATs) according to DFDV's report?

The report defines DATs as publicly listed treasuries that accumulate crypto, compound exposure, and aim to track mNAV and capture premium.

How does the report compare Solana DATs to Ethereum and Bitcoin treasury vehicles?

It compares performance factors such as throughput, fee stability, and staking yield across Solana, Ethereum, and Bitcoin treasury vehicles.

What investor indicators does the DFDV report recommend when selecting a DAT?

The report highlights key indicators for quality and sustainability, including treasury mechanics, alignment, and structural risk assessment.

Does the report claim Solana DATs will outperform other DATs?

The report presents a strategic thesis that Solana-based DATs, such as DFDV, may deliver asymmetric upside if markets re-price risk and network leadership, but it frames this as analysis, not a guarantee.

Where can investors read the full DFDV analysis on Solana DATs?

Investors can read the complete analysis via the company’s published report referenced by DeFi Development Corp on October 17, 2025.