Solana (SOL) has reached a major milestone—its market capitalization exceeded $100 billion, fueled by growing institutional interest and deepening liquidity in its expanding DeFi ecosystem. More and more companies are now adding SOL to their corporate treasuries, following a trend similar to altcoin-backed “crypto bonds.”
🔹 SOL Gains Momentum on Corporate Accumulation and ETF Anticipation
Institutional players are increasingly turning to SOL as a source of passive yield. In addition to Solana’s rapidly growing ecosystem, confidence is also supported by the upcoming SOL ETF, expected to launch in July—barring any regulatory delays.
Among the most active buyers is DeFi Dev Corp., which has expanded its reserves to 999,999 SOL, just one token shy of the 1 million mark. The company acquired its holdings at an average price of $133 per SOL and is now leveraging these assets for passive income through staking and DeFi protocols.
🔹 Solana Corporate “Bond” Activity Surges
Altcoin-backed public bond activity involving SOL has increased by 500% since the beginning of the year. Notably, the pace of accumulation has picked up sharply over the past two months as ETF demand grows.
DeFi Dev Corp. is purchasing SOL both from open-market trades and through discounted locked-token deals, which still allow for staking and on-chain participation. This strategy helps boost Solana network liquidity and allows early investors to monetize previously illiquid positions.
Currently, Solana still has 0.82% of its total supply locked, but most of the remaining tokens are actively engaged in staking, lending, or trading through DeFi protocols.
🔹 Mercury Fintech Buys SOL Using $200M Credit Facility
Another major development comes from Mercury Fintech Holding Inc. (MFH), which announced plans to acquire SOL through debt financing. MFH will tap into a $200 million credit line provided by Solana Ventures Ltd., accelerating its strategic entry into the Solana ecosystem.
Following the announcement, MFH shares jumped to a one-month high of $5.16. The company is now evolving from a pure fintech infrastructure player into a developer of decentralized network utility.
“Solana has become a high-performance platform for asset tokenization, real-time payments, and institutional-grade DeFi,” said Wilfred Daye, MFH’s Chief Strategy Officer.
🔹 Solana DeFi Ecosystem Expands as Liquidity Booms
With institutional capital flowing in, Solana’s total DeFi liquidity has surged to $10.26 billion. A major contributor has been the increased inflow of stablecoins—now exceeding $11.23 billion, thanks in part to fresh issuances from Circle.
Solana is quickly evolving from a memecoin chain into a serious infrastructure for financial operations, lending, and asset tokenization. The network is gaining strength—and investors are clearly taking notice.
🔻 Quick Recap:
🔹 SOL market cap exceeds $100B
🔹 DeFi Dev Corp. holds nearly 1 million SOL
🔹 Mercury Fintech to buy SOL via $200M credit line
🔹 Solana holds over $11B in stablecoins
🔹 SOL ETF expected to launch in July
#solana , #sol , #defi , #CryptoNews , #etf
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