#Solana #MastercardStablecoinCards DeFi Development Corp. Stock Hits New High Following Solana Buys, Bonk Collab

DeFi Development Corp. announced a collaboration Friday with Solana meme coin Bonk.

The pair will collectively work to generate greater stake in a joint validator node.

Shares of DFDV finished Friday up more than 74%, marking a new all-time high.

DeFi Development Corp, the AI-powered real estate platform building a digital assets treasury centered on Solana, announced Friday that it’s teaming with leading Solana meme coin Bonk (BONK) on a jointly backed Solana validator node—and its stock continued to blast off to new highs.

The Nasdaq-listed firm (trading as DFDV) and meme coin team will collectively work to increase the delegated stake, or the amount of Solana tokens committed to its validator, sharing rewards in the process.

“DFDV and BONK are their own category leaders,” Parker White, CIO and COO of DeFi Development Corp. told Decrypt. “By joining forces, we can reap the benefits of each other's own unique positioning and brand awareness.”

DeFi Development Corp. will handle the day-to-day operations of the validator as Bonk takes on “a key role in promoting the validator and engaging its community to attract stake,” said White.

It’s the firm’s second move related to Solana validators, after it recently acquired a