March 2026 was a rough month for the crypto industry, including Digital Assets Treasuries (DTAs). As expected, DeFi Development Corp’s growth was also flat, but the company still managed to attract attention. Despite March being a slow month, the company was reportedly looking for opportunities to scale its Solana [$SOL] equilibrium over time and in turn saw a sharp increase in it $SOL per share (SPS).
According to the March 2026 summary report, DeFi Development Corp’s [DFDV] $SOL holdings have reached 2,223,074 $SOL worth $185 million. Meanwhile, shares outstanding amounted to 29,497,394, which translates to 0.0754 $SOL Per share (SPS).
The growth of DeFi Development Corp. by 2025
Furthermore, the company highlighted in its shareholder letter how Solana’s multiple growth by 2025 now represents almost 3% of circulating sales. $SOL supply in the hands of DATs.
In addition, the company also published its annual results for 2025, in which a turnover growth of more than 442% was recorded.
That said, DFDV also explored in March how autonomous AI agents “will create a persistent and structural demand for $SOL‘in the long term.
The report outlined a baseline estimate of $27 billion in structural spending $SOL Demand is driven solely by artificial AI, alongside a bull-case projection of $112.5 billion.
This after DFDV’s share price was trading at $3.64, following a decline of 3.84%. On the contrary, Solana changed hands to $79.12 at the time of writing and is down 3.88% in the last 24 hours.
Solana’s on-chain metrics paint a confusing picture
And yet, despite this price weakness, Solana’s high Daily Active Addresses suggested that user engagement has remained intact even during bearish price sentiment.
However, not all metrics showed signs of strength. Especially since the decline in Social Volume metrics indicated a decline in hype, compared to previous cycles. This after a big one $SOL holder recently realized losses of more than $4 million after selling 47,401 $SOL. This in turn resulted in $SOL‘s price drops by 5.85%.
Moreover, compared to others, $SOL DATs have been stronger against Ethereum [ETH] DATs. Due to the changing dynamics in and around the market, it remains to be seen what will happen to Solana and with $SOL DATs.
Final summary
- Defi Development Corp. saw sales growth of over 442% by 2025, thanks to Solana’s performance compared to other chains.
- Solana’s network activity suggested that user engagement was high, despite the price drop and low social volume.