DFDV Expands Solana Holdings; Kalshi Launches Ecosystem Hub with Solana, Base
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DeFi Development Corp. (DFDV) has purchased 62,745 SOL (~$14.6M), bringing its total to over 2 million SOL (~$500M). With 25M shares outstanding, that equals about $19.44 in SOL per share, or lower when including warrants that lift the share count to 31.5M. The company, founded by former Kraken employees, plans to stake the new tokens across multiple validators, including its own. DFDV is now among the largest Solana-focused digital asset treasuries, alongside Upexi, Sharps, and Forward Industries, the latter backed by Galaxy, Jump, and Multicoin. Meanwhile, prediction market platform Kalshi has launched an ecosystem hub with Solana and Base, offering grants to support both on- and off-chain innovation. The announcement follows a rebound in activity, with Kalshi recording $875M in trading volume last month, just shy of Polymarket’s $1B. Polymarket, which has CFTC approval to re-enter the U.S. and is eyeing a $9–$10B valuation, remains the sector leader, while Kalshi is said to be raising at a $5B valuation after a $185M Paradigm-led round in June. Kalshi is targeting sports prediction markets as a key growth area, with Robinhood set to launch football markets on its platform and new content collaborations planned around global events like the World Cup, League of Legends Worlds, NBA, and NFL.