Solana News Today: DeFi Development Corp. Stakes Bet on Solana’s $10K Future With 2M+ SOL Haul

DeFi Development Corp. (Nasdaq: DFDV) has made a significant stride in its Solana (SOL) accumulation strategy, recently crossing the 2 million SOL threshold following a $40 million purchase. The company’s strategy is centered on acquiring and compounding Solana, which it holds in its treasury reserve as the principal asset. This approach aims to provide investors with direct exposure to Solana’s economic growth while supporting the broader Solana ecosystem.

DeFi Development Corp. has outlined its long-term vision for Solana, including a $10,000 price target per SOL token. The company plans to demonstrate the rationale for this target and its broader bullish case for Solana at its upcoming Solana Investor Day, scheduled for November 5, 2025 in New York City. The event, termed SOLID, is designed as an immersive experience for institutional investors and crypto-native participants, offering insights into Solana’s technical and cultural strengths, as well as its ecosystem development [1].

The company is also expanding its footprint through the launch of DFDV UK, the first Solana-focused treasury vehicle in the United Kingdom. Formed through the acquisition of Cykel AI, DFDV UK will serve as a model for the company’s broader Treasury Accelerator strategy, which aims to replicate this structure in multiple global markets. DeFi Development Corp. currently holds a 45% equity stake in DFDV UK and anticipates that this investment will enhance Solana per share (SPS) over time, contributing to long-term shareholder value [2].

In parallel, Solana itself has seen increased speculative activity, with its open interest in futures markets reaching an all-time high of $13 billion. This surge in speculative interest is reflected in technical indicators suggesting the potential for a significant price increase should key resistance levels be broken. Additionally, the approval of the Alpenglow upgrade, which significantly improves Solana’s transaction finality and throughput, has further bolstered investor confidence. This upgrade positions Solana more competitively against Ethereum and other blockchain platforms, potentially driving broader institutional adoption and DeFi growth [3].

The broader market context also supports this upward trajectory. Analysts have highlighted that Solana is benefiting from a shift in investor sentiment toward altcoins, with liquidity moving out of Bitcoin and Ethereum into projects like Solana and XRP. This trend is being driven by corporate investors seeking exposure to large, liquid projects, according to YouHodler's head of risk. Moreover, Arca’s Jeff Dorman has drawn parallels between Solana’s potential and Ethereum’s recent performance, noting that similar dynamics—such as stablecoin adoption and ETF inflows—could drive a 200% rally for Solana [4].

Despite the positive technical and speculative indicators, on-chain activity has shown some signs of divergence. Over the past 30 days, Solana’s transaction count has declined by 99%, while Ethereum’s transactions increased by 39%, according to Nansen data. Additionally, decentralized exchange (DEX) volumes on Solana have dropped by 65%, suggesting a potential headwind for further price appreciation. Nonetheless, the combination of DeFi Development Corp.’s strategic acquisitions, institutional interest, and technical momentum continues to underpin the case for Solana’s long-term growth.

Source:

[1] DeFi Development Corp. Announces SOLID: Solana Investor Day (https://www.morningstar.com/news/globe-newswire/9523147/defi-development-corp-announces-solid-solana-investor-day)

[2] DeFi Development Corp. Announces Launch of DFDV UK (https://www.nasdaq.com/press-release/defi-development-corp-announces-launch-dfdv-uk-first-solana-treasury-vehicle-united)

[3] Solana Open Interest Hits $13B All-time High (https://cointelegraph.com/news/solana-charts-1000-sol-price-target-open-interest-all-time-highs)

[4] Solana (SOL) Price News: Outperforms BTC, Poised to Replicate ETH Rally (https://www.coindesk.com/markets/2025/09/03/solana-outperforms-bitcoin-possibly-poised-to-follow-ether-s-recent-200-rally-says-analyst)