PANews reported on May 22 that according to The Block, Pantera Capital partner Marco Santori said that DeFi Development Corp's strategy around Solana is better than traditional ETFs because it can participate in DeFi and pledge. The company holds about 400,000 SOLs and plans to acquire a Solana verification node company for $3.5 million to support self-staking. Santori pointed out that ETFs cannot pledge or participate in liquidity pools, and DeFi Dev Corp, as an operating company, has these capabilities and can achieve higher Solana returns.