DeFi Development Corp, a Nasdaq-listed company aiming to become a major Solana holder, has hit a regulatory speed bump. The U.S. Securities and Exchange Commission (SEC) rejected the company’s S-3 filing—an important step in its plan to raise $1 billion—due to compliance issues related to internal financial reporting. In a filing submitted on Wednesday, DeFi […]
Data from DeFiLlama reveals that Solana weekly network revenue has plunged from a record $55.3 million in mid-January to just $4 million.
Solana has reached an ATH of $264.31 on November 22 after a prolonged recovery from its lows following the FTX collapse in late 2022.
Solana saw a 9% decline over two days after reaching a peak of $161.80 on September 29, its highest level in seven weeks.
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