Market Performance (Month-to-Date) - Meme板块表现最佳，收益为30.06% [1] - Staking板块收益为15.83% [1] - Metaverse/Gaming板块收益为14.93% [1] - Layer 2板块收益为14.37% [1] - CD20和DeFi板块收益相近，分别为12.75%和12.57% [1] - Layer 1板块收益为12.45% [1] - Infrastructure板块收益为10.80% [1] - RWA板块收益为7.43% [1] - Exchange Token板块收益为4.21% [1] - AI板块表现最差，收益为-12.40% [1]

Product Launch - Robinhood launches $ETH (Ethereum) and $SOL (Solana) staking in the US [1]

Core Viewpoint - DeFi Development Corp. has established itself as the largest treasury holder of Solana (SOL) by acquiring a significant amount of SOL and implementing a treasury strategy focused on accumulating and compounding SOL [1][4]. Group 1: Recent Transactions - The company purchased 153,225 SOL at an average price of $154.85, totaling approximately $23.72 million [1]. - The recent acquisition was partially funded by $9.65 million in net proceeds from the exercise of the greenshoe option related to a previous convertible note offering [2]. Group 2: Current Holdings and Metrics - As of July 10, 2025, DeFi Development Corp. holds approximately 846,630 SOL and SOL equivalents, valued at around $133.1 million [8]. - The total shares outstanding are 18,577,134, resulting in a SOL per share (SPS) of 0.0456, equivalent to $7.16 [8]. Group 3: Treasury Strategy and Operations - The company has adopted a treasury policy that allocates its principal holdings to SOL, providing investors with direct economic exposure to SOL while participating in the Solana ecosystem's growth [4]. - DeFi Development Corp. operates its own validator infrastructure to generate staking rewards and fees, further enhancing its treasury strategy [4].

Token Utility - HEST serves as a core functional token within the Hash Epoch ecosystem, facilitating participation in contests and settling platform transaction fees [1][2] - The token has financial applications, enabling users to stake HEST for interest income and borrow USDT through over-collateralization, enhancing capital efficiency [3][4] - HEST is used in LP mining, rewarding liquidity providers for HEST/USDT trading pairs with transaction fees and token incentives [5] Governance and Incentives - Staking HEST is required to become a node validator, participating in block verification and earning 10% of platform profit distribution [6] - HEST holders can participate in governance voting on platform rules and project listings [7] - The ecosystem incentivizes community engagement through HEST rewards for completing tasks like user referrals and social sharing [8] - Regular airdrops and contests are conducted to distribute HEST and reward winners [9] Ecosystem Expansion - Plans are in place to support cross-chain functionality with Solana and Ethereum, expanding into NFT markets and metaverse contests [10]

Market Trends - Lending TVL surpassed staking, reaching $55 billion [1] - AAVE holds $26 billion in lending TVL [1] - Rotation from staking to lending has occurred [2] Yield and Returns - Stakers are observing 4% ETH yields [2] - Lenders are generating 8% on stablecoins [2] - Euro deposits are yielding more than any fintech [3] DeFi Activity - $75 billion (7500 million) in flash loans year-to-date [3] - Cross-chain functionality exists on 11 networks without bridges [3]

SHARPLINK GAMING HAS NOW ACQUIRED OVER HALF A BILLION USD OF ETHSharpLink Gaming now holds $536.2M ETH, staked between Liquid Collective and Figment.They hold $470M ETH staked as lsETH, and have sent 25,312 ETH to Figment validators, now worth $66.19M (not shown in entity, not including staking rewards). ...

RT Token Terminal 📊 (@tokenterminal)The @fundstrat flywheel:1. New stablecoin issuance on the L12. New stakers for the L13. New demand for ETH (to be staked) https://t.co/Vmt4ClzvbW ...

🔥 NEW: SharpLink now holds 205,634 ETH and earned 322 ETH in staking since launching its treasury strategy in June. https://t.co/5USH7QQwWW ...

Core Insights - Upexi, Inc. reported a successful June 2025, with an 8% increase in its SOL balance and an 8% staking yield [2][7] - The company is focused on enhancing visibility and raising capital for shareholder benefits through various initiatives [2] Treasury Update - As of June 30, 2025, Upexi held 735,692 SOL, an increase of 8.2% from 679,677 SOL on May 28 [7] - The net asset value of the SOL holdings is approximately $113.8 million, based on a price of $154.74 per SOL [7] - Each common share represents approximately 0.0192 SOL or $2.97 [7] - Nearly all treasury SOL are staked, earning an ~8% yield [7] - About 58% of the portfolio consists of locked SOL purchased at a discount, providing built-in gains [7] Business Initiatives - Upexi's equity options are now listed on Nasdaq, enhancing visibility and liquidity [7] - The company is partnering with Superstate to tokenize its equity, allowing for 24/7 trading and broader investor access [7] - Upexi joined Webull's Corporate Connect Service Platform to increase market awareness among Webull's 24 million users [7] Solana Network Performance - Solana recorded significant growth in key metrics, including a 200% year-over-year increase in daily active addresses [9] - Daily transactions reached $3.0 billion, a 67% increase, while DEX volumes surged by 347% to $182 billion [9] - Application revenue grew by 33% to $147 million [9] Price Movement - SOL started June at $157 and ended nearly unchanged at $155, with a low of $132 on June 22 and a high of $165 on June 10 [8]

L1区块链生态系统 - Fundstrat 强调了 L1 区块链上的新稳定币发行 [1] - L1 区块链的新质押者涌入 [1] - 对 ETH（用于质押）的新需求 [1]