Solana Defi财政部加热：纽约市的视角

Defi Development Corp的1.125亿美元进入Solana，再加上ETF嗡嗡声，尽管有模因硬币风险，但基于Solana的Defi来说是一个充满活力的未来。看看Tron的Defi性能。

Solana DeFi Treasury Heats Up: A NYC Perspective

Solana Defi财政部加热：纽约市的视角

The Solana DeFi scene is buzzing, with major players making bold moves. Let's dive into the latest developments and see what's cooking.

Solana Defi场景嗡嗡作响，主要参与者大胆举动。让我们深入了解最新的发展，看看正在做什么。

DeFi Development Corp Doubles Down on Solana

Defi Development Corp对Solana兼容

DeFi Development Corp (DFDV), a Nasdaq-listed firm, is making waves with its aggressive Solana treasury strategy. They've just issued $112.5 million in convertible notes to beef up their Solana (SOL) holdings. This isn't just pocket change; it's a serious commitment to the Solana ecosystem.

纳斯达克公司（NASDAQ）上市的公司Defi Development Corp（DFDV）正在通过其积极的Solana国库策略引起轰动。他们刚刚发行了1.125亿美元的可转换票据，以加强其Solana（Sol）控股。这不仅仅是零钱；这是对Solana生态系统的认真承诺。

They initially planned for $100 million, but demand was so high, they upped it to $112.5 million. Smart move! These notes mature in 2030 with a 5.5% annual interest rate. Investors can convert them into equity at $23.11 per share, a 10% premium on the stock's July 1, 2025, closing price. Plus, there's an option to grab an extra $25 million in notes. This activity coincides with the launch of the first US-listed Solana ETF, REX-Osprey Solana Staking ETF, which is boosting SOL enthusiasm.

他们最初计划以1亿美元的价格计划，但需求很高，他们将其提高到1.125亿美元。明智的举动！这些笔记在2030年成熟，年利率为5.5％。投资者可以将他们以每股23.11美元的价格转换为股权，该股票的收盘价为2025年7月1日的溢价10％。另外，可以选择额外获得2500万美元的笔记。这项活动恰逢第一个美国上市的Solana ETF Rex-osstrey Solana Staking ETF的推出，这正在促进Sol的热情。

Why Solana?

为什么要索拉纳？

DFDV isn't the only one betting big on Solana. Firms like Sol Strategies and Upexi are also jumping in, looking to capitalize on Solana's potential. Even with DFDV's stock price taking a hit, their pivot to Solana has sent their stock soaring by about 3,500%! They currently hold over 621,313 SOL tokens, worth around $107 million. That's a hefty bag of digital gold.

DFDV并不是唯一一个在Solana上大赌注的人。 SOL Strategies和UpExi等公司也正在加入，希望利用Solana的潜力。即使DFDV的股价受到打击，他们对Solana的枢纽仍使他们的股票飙升了约3500％！他们目前拥有621,313个SOL令牌，价值约1.07亿美元。那是一袋数字黄金。

Solana's Edge: Speed, Low Fees, and Innovation

Solana's Edge：速度，低费用和创新

Solana's appeal lies in its blazing speed (65,000 TPS), rock-bottom fees (under $0.01), and rapid transaction settlement. This makes it a hit with merchants and developers alike. Visa even shifted its stablecoin settlement pilot from Ethereum to Solana, citing faster clearing and lower costs. Shopify hopped on board too, rolling out a Solana Pay app.

Solana的上诉在于其速度（65,000 TPS），岩石底部费用（低于0.01美元）和快速交易结算。这使商人和开发人员都受到打击。 Visa甚至将其Stablecoin和解飞行员从以太坊转移到Solana，理由是更快的清算和更低的成本。 Shopify也跳上了船，推出了一个Solana Pay应用程序。

Solana is also leading the charge in decentralized physical infrastructure networks (DePIN) and artificial intelligence. Render, for example, switched from Ethereum to Solana, drawn by its parallel execution capabilities.

Solana还领导着分散的物理基础设施网络（DEPIN）和人工智能的指控。例如，渲染从以太坊切换为Solana，其并行执行功能绘制。

The ETF Factor

ETF因子

Wall Street is taking notice, with many expecting a Solana ETF soon. REX-Osprey is already pushing forward with an ETF that bypasses the typical SEC approval process. An SEC green light would open the floodgates for institutional investors and potentially send Solana's price through the roof.

华尔街引起了人们的注意，许多人期待很快会有Solana ETF。雷克斯·苏格里（Rex-Osprey）已经在绕过典型的SEC批准过程的ETF前进。 SEC绿灯将为机构投资者打开闸门，并可能通过屋顶将Solana的价格发送。

Potential Pitfalls

潜在的陷阱

It's not all sunshine and roses. The SEC could still throw a wrench in the ETF plans. Plus, Solana's reputation as a "meme coin casino" could scare away serious investors. Technical glitches are another concern, although the network has been stable since February 2023.

这并不是全部阳光和玫瑰。 SEC仍然可以在ETF计划中施加扳手。另外，索拉纳（Solana）作为“模因硬币赌场”的声誉可能会吓到认真的投资者。技术故障是另一个问题，尽管该网络自2023年2月以来一直稳定。

TRON's DeFi Performance

特隆的表现

While Solana is grabbing headlines, let's not forget about TRON. SunSwap, TRON's top decentralized exchange, has been a consistent performer in 2025. Swap volumes have been consistently over $3 billion per month throughout 2025 so far, reaching a high of $3.8 billion in May, June recorded a corresponding volume of $2.3 billion, with 8.6 billion WTRX changing hands, down from May’s yearly peak of 15.5 billion WTRX. The lending market, JustLend, has also seen increased activity, with deposits and borrowing on the rise.

当索拉纳（Solana）抓住头条新闻时，不要忘记特隆（Tron）。特隆（Tron）是2025年的顶级分散交易所的Sunswap一直表现稳定。到目前为止，整个2025年，掉期数量一直超过30亿美元，在6月，6月的38亿美元达到38亿美元，相应的数量为23亿美元，为23亿美元，换人8.6亿WTRX换手，从5月份的年轻人（5月份）的年轻人降到了15.5亿年级的15.5亿美元。贷款市场（Justlend）也看到了活动的增加，存款和借款正在上升。

TRON also leads in stablecoin transactions, surpassing Ethereum in daily USDT transfers. This is a major shift, as TRON has been processing higher USDT volumes than Ethereum since mid-2022.

Tron还领导了Stablecoin交易，超过了每日USDT转移的以太坊。这是一个重大的转变，因为Tron自2022年中以来一直在处理比以太坊高的公司。

Final Thoughts

最后的想法

The DeFi landscape is constantly evolving, with Solana and TRON making significant strides. Solana's focus on speed, low fees, and innovation, combined with the potential for ETFs, makes it a compelling player. TRON's steady performance and dominance in stablecoin transactions shouldn't be overlooked either. The future of DeFi is bright, so buckle up and enjoy the ride!

Defi景观在不断发展，Solana和Tron取得了长足的进步。索拉纳（Solana）专注于速度，低费用和创新，再加上ETF的潜力，使其成为引人注目的参与者。 Tron在Stablecoin交易中的稳定表现和优势也不应忽略。 Defi的未来是明亮的，所以搭扣并享受旅程！