Real estate software company DeFi Development Corp (JNVR) is finalizing plans to acquire a Solana validator business for $3.5 million

This acquisition doesn't just add a new line of protocol-native cashflow, it amplifies our alignment with the infrastructure underpinning tomorrow's decentralized economy

Real estate software company DeFi Development Corp (NYSE:JNVR) is finalizing plans to acquire a Solana validator business for $3.5 million, allowing it to self-stake its $SOL holdings.

"This acquisition doesn't just add a new line of protocol-native cashflow, it amplifies our alignment with the infrastructure underpinning tomorrow's decentralized economy," said Parker White, DeFi Development Corp's chief investment officer and chief operations officer.

This comes less than two weeks after the firm filed with the SEC to offer up to $1 billion in securities, with some of the proceeds going toward acquiring more $SOL. And through its new validator setup, DeFi Dev Corp will now be able to generate additional revenue on these assets to maximize returns.

Solana boasts 84 million users this month and is receiving attention from sophisticated industry players. Even BlackRock and Fidelity moved their tokenized money market funds to the chain this year.

So, as attention and liquidity increasingly shift to the Solana chain, what is the best crypto to buy?

Solaxy

Solana validators can earn up to a 12% APY, and less for delegators. However, the world’s first Solana layer 2 blockchain, Solaxy, currently offers a whopping 120% APY – and you don’t need to own validator hardware.

The project is currently undergoing a presale, where it has raised $33 million so far, making it the biggest Solana ICO in history.

With huge staking rewards and immense presale momentum, it’s already clear that Solaxy could be a lucrative opportunity.

Solaxy is tackling Solana’s congestion issue by bundling and computing transactions on a layer 2 that’ll be cheaper, faster, and more reliable than the Solana main chain.

Per its website, Solaxy will be capable of 10,000 transactions per second (TPS), compared to Solana’s 6,5000 TPS.

This will unlock new use cases that were impossible on the Solana layer 1, which could attract the attention of sophisticated market participants such as DeFi Development Corp.

With that, Solaxy has a real opportunity to make big gains this year.

Jito

With DeFi Development Corp entering the Solana staking sector, one project to watch closely right now is Jito. It’s a liquid staking pool that allows anyone to generate revenue by staking their $SOL without managing validator hardware.

While moves like DeFi Dev Corp’s new acquisition bolster the mindshare around Solana staking, that’s not the sono reason Jito could be set for big gains.

The project takes an innovative approach to pooled staking, using MEV optimization to structure Solana blocks to maximize delegators’ returns. This increases staking efficiency and opens delegators to additional revenue. Users can hold the liquid-staked JitoSOL token, which accrues staking and MEV rewards over time.

They can also deploy their jitoSOL in other Solana DeFi apps, unlocking a new liquid economy for Solana staking.

Arguably, this creates potential for more earnings than owning your own validator set, and it comes without the upfront cost. It’s a technological breakthrough, which is why the $JTO price could explode.

Render

Inflowing interest to Solana will propagate emerging use cases such as AI, and one crypto that stands to benefit from this is Render (CRYPTO:RNDR).

Render is a decentralised marketplace for trading GPU power, which is the lifeblood of AI.

Similar to how Jito allows $SOL owners to stake without validator hardware, Render enables AI developers to build and operate AI models without expensive GPU hardware.

Instead, they can simply tap into the Render Network and buy the amount of computing power that they need at a low cost.

And since it’s built on the Solana blockchain, Render will be the go-to source for those seeking decentralized GPU power within the ecosystem.

Ultimately, as the Solana ecosystem advances and more AI applications are developed, demand for $RNDR will also increase.

Fartcoin

While sophisticated market participants are increasingly moving to Solana, one fact remains: meme coins are a central focus of the ecosystem.

Donald Trump’s OFFICIAL TRUMP meme coin leads the way, and the original Solana meme coin, Bonk, follows behind.

But based on mindshare and momentum, Fartcoin (CRYPTO: FART) could have the most potential for growth.

While most cryptos are in the red this week, Fartcoin is at a 2% profit.

But it’s not just this week, Fartcoin is also up over 400% from its March lows.

The project’s simplistic name is universally understandable, making it a popular choice among meme coin fans.

Given its recent momentum, this is certainly a project that investors should monitor closely in the coming weeks.

This article is for informational purposes only and does not provide financial advice.