BOCA RATON, FL, Aug. 28, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the acquisition of 407,247 SOL at an average price of $188.98 per token. The acquisition was funded from the Company’s recent equity raise, with more than $40M in net proceeds still available for future Solana purchases and strategic treasury operations. This purchase brings the Company’s total holdings to 1,831,011 SOL.

Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of August 28, 2025:

• Total SOL & SOL Equivalents Held: 1,831,011, representing a 29% increase vs. our previous balance of 1,420,173
• Total SOL & SOL Equivalents Held (USD): Approximately $371 million
• Total Shares Outstanding as of August 28, 2025: Approximately 21M (see note below)
• SOL per Share (“SPS”): 0.0864
• SPS (USD): $17.52

The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp.’s own Solana validators to generate native yield.

Note on Share Count and SPS: The reported share count reflects only issued and outstanding shares as of today. None of the shares or pre-paid warrants from the recent equity financing are included in the current figure. On a fully diluted basis, including all shares and warrants from that transaction, the adjusted share count would be approximately 31 million. SPS will fully reflect this in future updates, alongside the deployment of more than $40 million of remaining cash proceeds into additional SOL purchases. Based on current expectations, the Company does not anticipate SPS falling below the previously disclosed figure of 0.0675, even after full warrant impact — reinforcing continued SPS growth.

About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) our ability to achieve and maintain profitability in the future; (iv) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s SOL holdings; (vi) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (viii) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
Prosek Partners
pro-ddc@prosek.com

Base, the layer-2 network operated by Coinbase, has surged to the third position in non-fungible token (NFT) trading volume, marking a significant shift in the decentralized digital asset landscape. According to data from DappRadar, Base recorded $47.67 million in NFT trading volume over the past 30 days, a 70% increase that propelled it ahead of competing platforms such as Immutable zkEVM and Solana [1]. This achievement underscores the network’s growing appeal among NFT traders and developers, who are drawn to its low transaction fees and integration with Coinbase’s ecosystem [2].

The surge in activity on Base has been driven by several high-performing NFT collections. Get Based, DX Terminal, and Based Style collectively accounted for approximately $25 million in trading volume, demonstrating strong community engagement and innovation within the platform [1]. These collections are not only attracting new users but also contributing to the broader adoption of NFTs in the Base ecosystem.

Beyond NFTs, Base has shown robust growth in overall decentralized application (DApp) activity. In the past 30 days, the network processed over 27 million transactions and generated more than $16 billion in DApp volume [1]. This growth indicates that Base is evolving into a more comprehensive blockchain platform, capable of supporting a wide range of applications beyond NFTs. The network’s ability to handle a high volume of transactions while maintaining low fees positions it as a scalable solution for both developers and end users.

Despite Base’s impressive performance, Ethereum remains the dominant force in the NFT space. In the same 30-day period, Ethereum recorded $408 million in NFT trading volume, driven largely by blue-chip collections such as CryptoPunks, Pudgy Penguins, and the Bored Ape Yacht Club (BAYC) [1]. However, while Ethereum leads in total volume, it has faced recent challenges, including a decline in floor prices for several top NFT collections. Data from DefiLlama showed that floor prices for projects like Pudgy Penguins and BAYC experienced double-digit percentage drops [1]. This trend has raised concerns among investors, who are now closely monitoring the market for signs of stabilization or further correction.

Polygon, another major player in the NFT space, maintained its position as the second-largest network by 30-day trading volume, with $62.29 million in NFT activity. Much of this volume came from Courtyard NFTs, which represent tokenized versions of real-world assets such as trading cards. Courtyard NFTs alone accounted for $57.65 million in volume, a 21% increase over the previous month [1]. This growth highlights the expanding role of tokenized assets in the NFT market and suggests that Polygon’s strategy of bridging digital and physical ownership is resonating with users.

As Base continues to gain traction, it is increasingly viewed as a bridge to mainstream adoption of blockchain technology. The platform’s rapid acceleration in both NFT and DApp activity signals a shift in how users and developers are approaching layer-2 solutions. With its strong integration with Coinbase and a growing ecosystem of developers and community members, Base is positioning itself not just as an alternative to Ethereum, but as a central hub for the next wave of Web3 development and technological innovation [2].

Source:

[1] Base claims top 3 spot in 30-day NFT volume: DappRadar (https://cointelegraph.com/news/base-third-nft-trading-volume-over-solana-30-days)

[2] Base Strengthens Position in Web3 With Explosive NFT (https://crypto-economy.com/base-strengthens-position-in-web3-with-explosive-nft-and-dapp-growth/)

PROVIDENCIALES, Turks and Caicos Islands, Aug. 28, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, today announced that its crypto payment arm, KuCoin Pay, has entered into a strategic partnership with 2Game Digital, a global leader in gaming ecommerce, esports, and competitive gaming ecosystems under GCL Global Holdings (Nasdaq: GCL). This collaboration marks a significant step in bringing seamless cryptocurrency payments to mainstream gaming audiences.

As part of its long-term vision, 2Game Digital is actively investing in Web3 integration across its platforms, including the development of the 2Game Token — a blockchain-based utility token designed to power loyalty programs, competitive play, and token-gated rewards for gamers worldwide.

Kumiko Ho, Head of Payment Business at KuCoin, said:

“This partnership with 2Game Digital is another milestone in our mission to make cryptocurrency a frictionless part of everyday life. Gaming is one of the most dynamic industries embracing Web3, and by integrating KuCoin Pay into 2Game’s ecosystem, we’re enabling millions of gamers to enjoy a more seamless, secure, and borderless payment experience.”

Sebastian Toke, Group CEO of GCL, said:

“We’re proud to be the first in our industry to offer this groundbreaking crypto payment solution. This partnership not only opens the door to a new era of secure, instant, and seamless transactions, it also allows us to tap into a thriving global crypto community. By integrating KuCoin’s technology, we’re expanding our reach and giving millions of users new ways to engage with our platform. And for those who choose to pay with crypto, we’re unlocking exclusive perks – from special discounts to early access to 2Game Digital’s highly anticipated Token ICO. This is more than just a payment method; it’s a major step forward in redefining digital commerce.”

To celebrate the partnership launch, KuCoin Pay and 2Game Digital are offering exclusive promotions starting August 29, 2025.

• Receive a 20% instant discount on eligible purchases across 2game.com/Kucoin
• Receive new release discounts
• Get access to biweekly exclusive offers, bundles, limited drops for KuCoin Pay users
• Early access whitelisting for the highly anticipated 2Game Token ICO

Please see more details in the official announcement.

About KuCoin Pay

KuCoin Pay is a pioneering merchant payment solution that enables businesses to integrate cryptocurrency transactions for both online and offline sales. Supporting over 50 cryptocurrencies including KCS, USDT, USDC, and BTC, KuCoin Pay delivers fast, secure, and borderless payments to a global audience.

Learn more about KuCoin Pay: https://www.kucoin.com/pay 

About GCL Global Holdings

GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.

Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.

Learn more at http://www.gclglobalholdings.com

About 2Game Digital

Part of GCL Global Holdings, 2Game Digital operates:

• 2Game.com – Official global ecommerce store specializing in digital games and products.
• 2Game Esports – Global esports division with professional teams competing in Valorant and FGC (Fighting Game Community) titles, including Street Fighter 6.
• 2Game Pro – Platform combining gamified loyalty, competitive play, and play-to-earn mechanics.

2Game Digital is dedicated to redefining digital gaming commerce, engagement, and community-building through its unique ecosystem.

For more details, visit: www.2game.com