In a bold move that signals growing institutional interest in Layer 1 networks, DeFi Development Corporation (NASDAQ: JNVR) has announced an additional $11.5 million investment in Solana (SOL), bringing its total holdings of the token to over $38 million. The company confirmed the allocation earlier today, citing strategic realignment toward high-throughput blockchains that are “increasingly critical to the DeFi infrastructure of the future.”
This move comes amid Solana’s steady price rebound, with SOL trading above $150, and market sentiment continuing to improve following a period of network instability and congestion concerns.
According to internal reports, DDC believes the recent upgrades to Solana’s core protocol have significantly improved performance and scalability, warranting deeper exposure.
“We believe Solana is one of the most undervalued Layer 1 assets relative to its network activity and adoption curve,” said a DDC spokesperson. “This increase reflects our confidence in its long-term role within the decentralized economy.”
The investment is also seen as a response to rising DeFi activity across Solana, with platforms like Jupiter, Drift Protocol, and MarginFi driving increased user traction. TVL (total value locked) on Solana has climbed steadily over the past two quarters, with analysts pointing to renewed ecosystem vitality after a sluggish 2023.
While Ethereum remains the dominant force in the smart contract space, funds like DDC are increasingly exploring diversification into performant Layer 1 alternatives. This rebalancing trend is further supported by the emergence of Solana-based real-world asset (RWA) initiatives and NFT integrations.
For Solana holders, the news adds further validation to the narrative of institutional adoption. And for investors watching the broader DeFi space, it’s another sign that the next wave of growth may not revolve solely around Ethereum or Bitcoin — but rather around faster, more cost-efficient ecosystems.
