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DeFi Development Q2 Financial Data: Holding 1.3 Million SOL Tokens, Daily Earnings Around $63,000
Summary: According to reports, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, revealing that the company currently holds over 1.3 million SOL tokens, with a total value close to $250 million. The report shows that the company increased its holdings by 4,500 SOL in just the first two weeks of August. DDC's second-quarter financial ...
According to reports, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, revealing that the company currently holds over 1.3 million SOL tokens, with a total value close to $250 million. The report shows that the company increased its holdings by 4,500 SOL in just the first two weeks of August. DDC's second-quarter financial data shows quarterly revenue of $1.98 million, a 395% year-on-year increase; net profit reached $15.4 million, compared to a loss of $800,000 in the same period last year. The company expects its validator and staking business to achieve a 10% annualized return, generating approximately $63,000 in SOL-denominated income per day based on the current holdings. (The Block)
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Link: DeFi Development Q2 Financial Data: Holding 1.3 Million SOL Tokens, Daily Earnings Around $63,000 [Copy]
