Avalanche gained another 2.5% on Sept. 24, consolidating near the $35 level. The move comes despite negative reactions to the Fed’s Sept. 18 rate cut, which has weighed heavily on the broader crypto market, capping BTC below $115,000 and ETH under $4,200. On-chain data trends suggest Avalanche’s price resilience in recent weeks is tied to rising DeFi activity. DefiLlama data shows Avalanche DEX volumes surged to a record $1.3 billion intraday on Sept. 24, breaching the 2025 peak of $1.18 billion set on Sep ...

Core Points - DeFi Development Corp. has approved a significant expansion of its share repurchase program, increasing the authorization from $1 million to $100 million [1][2] - The program allows for the repurchase of common shares in the open market, subject to market conditions and regulatory requirements [1] - The initial limit for repurchases is set at $10 million, requiring board notification for any further purchases [2] Financial Performance - In the second quarter, DeFi Development reported earnings of 84 cents per share, significantly exceeding the consensus estimate of a 2-cent loss, representing a 4,300% upside surprise [3] - The earnings result shows a substantial improvement compared to an 8-cent loss per share in the same quarter last year, reflecting a 1,150% improvement [3] - Quarterly revenue reached $1.99 million, surpassing analyst expectations of $705,500 by 181.5%, and sales increased by 350% from $441,000 in the prior year [3] Share Repurchase Details - The management will determine the timing, method, and volume of stock repurchases based on market conditions and other relevant factors [4] - Following the announcement, DFDV shares increased by 5.23% to $15.90 [4]

Core Insights - Aave v3 is set to launch on OKX's X Layer, potentially transforming it into a significant DeFi platform [1][3] - The deployment aims to establish a core lending market and enhance liquidity on X Layer, which currently has low total value locked (TVL) compared to competitors [1][5] - Aave's expansion aligns with its strategy to broaden its multi-chain presence and strengthen its ecosystem [3][6] Aave v3 Deployment - Aave DAO conducted a "temp check" to gauge community support for the X Layer expansion, framing it as a chance to become the core liquidity layer [2][4] - If community sentiment remains positive, the proposal will progress to a Snapshot vote and a final on-chain governance proposal [2][4] X Layer Overview - X Layer, launched in 2024, is an Ethereum Layer-2 network built with Polygon's CDK, focusing on high throughput and low fees [3] - The network aims to attract a large user base from OKX's exchange to enhance on-chain activity [3][4] Current Metrics - X Layer has a total value locked of approximately $25.9 million, daily DEX volume of $36.3 million, and fees around $87,000 [5] - In contrast, Aave v3 has a total value locked of $68.6 billion, indicating a potential for significant liquidity influx to X Layer [5] Strategic Implications - For Aave, the move to X Layer is part of a broader multichain strategy, including recent expansions to Aptos and a planned v4 upgrade for cross-chain liquidity [6] - For OKX, integrating a leading lending platform like Aave v3 could stimulate credit markets and attract developers to the ecosystem [6]

Core Insights - Hyperliquid's native stablecoin, USDH, launched on September 23 with an early trading volume of $2.2 million, following a governance victory over established players like Paxos and Ethena Labs [1] - The stablecoin maintained its $1.00 peg during early trading, only fluctuating to $1.001 as liquidity and stability were tested [2] - Native Markets structured the USDH launch as a gradual rollout, initially capping transactions at $800 per user for real-world testing [3] Company Developments - Several integration phases for USDH will occur over the coming months, starting with HyperEVM integrations and expanding its role as a spot quote asset [4] - The issuer structured USDH reserves using cash and short-term U.S. Treasury holdings managed off-chain by BlackRock, with on-chain assets operating through Superstate and Stripe's Bridge [5] - Native Markets plans to allocate 50% of its reserve yield to Hyperliquid's Assistance Fund, with the remainder for USDH ecosystem development [5] Industry Trends - The launch of USDH reflects a broader trend in decentralized finance (DeFi) where trading platforms aim to reduce reliance on external stablecoin issuers and capture reserve yield revenue internally [7] - Tether's USDT remains the dominant stablecoin in the market, with $173.05 billion in circulation and processing over $24.6 billion daily on TRON [7] - Hyperliquid currently hosts over $5.5 billion in Circle's USDC, generating an estimated $220 million annually in treasury yield revenue for Circle [6]

Core Insights - Decentralised exchanges (DEXs) for perpetual trading, such as Hyperliquid and Aster, are experiencing significant growth, with a trading volume of $1.8 trillion this quarter, surpassing the entire trading volume recorded in 2024 [1][3] Industry Overview - The surge in trading volume is attributed to improved infrastructure and effective tokenomics, leading to a user experience comparable to centralised exchanges like Binance [3] - Perpetual DEXs allow traders to speculate on cryptocurrency price movements without expiry dates and leverage up to 1,000 times their capital [2] Competitive Landscape - Hyperliquid has been a dominant player in the sector, accumulating over $2.7 trillion in trading volume since its launch, and distributing HYPE tokens worth $13.6 billion to over 90,000 users [5] - Aster, backed by YZi Labs and promoted by Binance co-founder Changpeng Zhao, has recently overtaken Hyperliquid in daily trading volume and its native token has surged 2,000% in the last week [6][7] - EdgeX, launched in 2014, remains one of the largest revenue-generating DeFi protocols with a trading volume of $161 billion [8]

Core Insights - Fitell Corporation has secured a $100 million credit line to implement its new Solana treasury strategy and plans to rebrand as 'Solana Australia Corporation' [1] - The company aims to become Australia's first Nasdaq-listed institutional holder of Solana, generating returns through staking, DeFi opportunities, and yield innovations [1][2] Company Strategy - The Solana treasury strategy includes structured products such as options, snowballs, and on-chain liquidity provisioning, focusing on managed downside risk [2] - Fitell has appointed David Swaney and Cailen Sullivan as advisors to guide its digital asset treasury roadmap, leveraging their extensive experience in the digital asset sector [2][3] Leadership Statements - Sam Lu, CEO of Fitell, emphasized that the launch of the Solana digital asset treasury positions the company at the forefront of Solana adoption in Australia and the Asia Pacific region, aiming to be the largest publicly listed Solana holder [4] Market Expansion - Fitell is pursuing a dual listing on the Australian Securities Exchange (ASX) to enhance access and exposure for regional investors to SOL, with initial SOL assets to be held with BitGo Trust Company, Inc. in the U.S. [5] Industry Trends - Institutional interest in Solana is growing, with total reserves of Solana treasury companies reaching 13.44 million SOL (approximately $2.86 billion) [6] - Brera Holdings recently completed a $300 million PIPE to purchase SOL for its digital asset treasury, indicating strong institutional demand [6]

Core Viewpoint - DeFi Development Corp. has significantly increased its stock repurchase program from $1 million to $100 million, reflecting confidence in its treasury strategy focused on accumulating Solana (SOL) [1][2][3] Group 1: Stock Repurchase Program - The repurchase program allows the Company to buy back shares of its common stock on the open market, adhering to Rule 10b-18 of the Securities Exchange Act of 1934 [2] - The authorization provides flexibility for repurchasing up to $100 million, with an initial threshold of $10 million requiring management to update the Board before further purchases [3] - The timing, method, and amount of repurchases will be determined by management based on market conditions and other factors, with no obligation to acquire a specific amount of stock [4] Group 2: Treasury Strategy - DeFi Development Corp. has adopted a treasury policy that primarily allocates its treasury reserve to SOL, providing investors with direct economic exposure to the cryptocurrency [5] - The Company actively participates in the growth of the Solana ecosystem by holding and staking SOL, and operates its own validator infrastructure to generate staking rewards [5] - The Company is also exploring decentralized finance (DeFi) opportunities to support and benefit from Solana's expanding application layer [5]

Accessibility StatementSkip Navigation TORONTO, Sept. 24, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce a landmark collaboration with SovFi Inc. ("SovFi"), a sovereign finance company that designs principal protected, capital appreciating instruments and market liquidity solutions for large ...

Core Insights - Aster Chain is entering the testing phase with a focus on privacy features, positioning itself as a competitor to Hyperliquid in the decentralized finance (DeFi) derivatives market [1][7] - The project aims to address key issues in DeFi, particularly in derivatives trading, by balancing transparency, custody, execution speed, and user privacy [2] Group 1: Technology and Features - Aster Chain utilizes zero-knowledge proofs (ZK-proofs) to verify trades on-chain while keeping sensitive information like order sizes and profits confidential [3] - This approach aims to mitigate market manipulation and front-running, which are significant concerns for institutional and high-volume traders in the DeFi sector [3] Group 2: Market Positioning and Strategy - Originally launched as a multichain liquidity aggregator, Aster DEX is evolving into a dedicated Layer-1 chain to capture the growing derivatives trading volume in the crypto market [4] - Aster Chain is targeting a niche that competitors like Hyperliquid have not fully addressed, focusing on privacy and compliance as its key differentiators [5][8] Group 3: Market Potential - If successful, Aster Chain could tap into the $2 trillion derivatives market, becoming one of the first Layer-1 solutions designed specifically for on-chain perpetuals with institutional-grade privacy [9]

Core Concepts in DeFi - Tech and finance professionals define "product" differently: tech focuses on code (APIs, apps, websites), while finance emphasizes assets with parameters like principal, yield, term, and risk [1] - Scaling tech products favors vertical integration (walled gardens, superapps) to monetize user activity [2] - Scaling finance products favors horizontal integration (broad distribution) to monetize issuance, as money is a network business [3] Integration Strategies in DeFi - DeFi requires a blend of tech and finance approaches: dapps should be vertically integrated, while the underlying assets should be horizontally integrated [4] - App founders should not aim for ubiquitous backends (chains), while assets should strive for widespread accessibility [4] Asset Branding and Liquidity - Branding assets may sacrifice liquidity, horizontal utility, and overall desirability on the platform, potentially hindering the platform's attractiveness [5] - Building internet capital markets requires prioritizing liquidity and utility over branding [5]