DeFi Development Q2 Financial Data: Holding 1.3 Million SOL, Daily Earnings Approximately $63,000

BlockBeats News, August 13th, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, disclosing that the company currently holds over 1.3 million SOL tokens, with a total value of nearly $250 million. The report shows that the company has increased its SOL holdings by 4,500 tokens in just the first two weeks of August.

DDC's second-quarter financial data shows a quarterly revenue of $1.98 million, a 395% year-on-year increase; net profit reached $15.4 million, compared to a $0.8 million loss in the same period last year. The company expects its staking and validator business to achieve a 10% annualized return. Based on the current holdings, this would generate approximately $63,000 of SOL-denominated revenue per day. (The Block)