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SOL Cryptocurrency News: DeFi Development Corp, a Nasdaq-listed company that uses Solana (SOL) as its main reserve asset, launched the free public data platform "State of Solana" on August 26. The dashboard integrates network, pledge, verification node, revenue and ecosystem metrics into one interface without the need for login or subscription. 
The Boca Ratton-based company is the first public company in the United States to build a reserve strategy around accumulating SOL. The new platform attempts to demonstrate the value of Solana through data points other than price. "We spent a lot of time explaining why we think Solana is one of the most important networks in the cryptocurrency space, but this argument goes far beyond the price of SOL," said Pete Humiston, chief marketing officer at DeFi Development Corp.
Dashboard tracking content
The platform displays SOL's return over five time windows,"rainbow chart" price movements, real-time cycle progress and slot times, network throughput (transactions per second), estimated pledge yields and inflation rates, highest returns in Solana DeFi, cross-chain activity comparison, and verification node pledge distribution. It also tracks Satoshi Nakamoto's coefficient, which measures how many verification nodes need to collude to interrupt the operation of the chain. DeFi Development said it plans to add more datasets, visualization tools and research tools in the future.
As of August 10, the company held 2,294,576 SOLs worth approximately US$208 million. This makes it the second-largest publicly traded Solana reserve tool. Forward Industries holds approximately 7 million SOLs. SOL traded at $96.14 on August 26, up 23% in the past seven days.
Gap between SOL and DFDV
The company's share price has not followed SOL's recent gains. DeFi Development Corp, traded on Nasdaq under the DFDV symbol, trades at approximately $4.50 per share and has a market value of approximately $140 million. Shares have fallen about 16% since January and are down about 72% from their close of $16.00 a year ago.
Its latest financial disclosure showed a net loss of $27.3 million for the three months ended June 30 and a net loss of $110.7 million for the first half. Among them, the main reason was a non-cash loss of US$72.5 million on digital assets, as SOL fell against the US dollar during the period and the company converted some of its positions into liquidity pledged tokens. Quarterly revenue was $3.3 million. The State of Solana dashboard appears to be the company's attempt to turn investors 'attention to network fundamentals at a time when its share price is well below its high.
