Solana Institute President Spotlights Key Trend Driving Crypto Growth
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Kristin Smith, president of Solana Institute, highlights a growing trend in the crypto market: Digital Asset Treasuries (DATs). These companies are integrating digital assets into their core strategies, actively deploying tokens rather than merely holding them. Recent weeks have seen a surge in Solana-focused DATs, including DeFi Dev Corp and Upexi. Nasdaq-listed Forward Industries has become Solana's first billion-dollar treasury, acquiring 6.82 million SOL. Smith suggests that this trend reflects increasing acceptance of cryptocurrencies and innovative financial vehicles like DATs are emerging to channel capital effectively.
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