DeFi Development Q2 financial data: Holding 1.3 million SOL, daily earnings approximately $63,000

ChainCatcher news, according to The Block, DeFi Development Corp (DDC) released a shareholder letter on Tuesday, disclosing that the company currently holds over 1.3 million SOL tokens, with a total value of nearly $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 financial data for the second quarter indicates that quarterly revenue was $1.98 million, a year-on-year increase of 395%; 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 an annualized return of 10%, which, based on the current holdings, would generate approximately $63,000 in SOL-denominated revenue daily.