SOL Strategies reports middleware monetization growth and resilient staking rewards despite a 45% CAD revenue drop.
SOL Strategies Inc. (STKE) advanced its Solana infrastructure stack, integrating middleware monetization via Darklake and Houdini. The expansion targets privacy execution, APIs, and cross-chain routing, broadening its validator-led model into a full platform.
Staked SOL deposits reached 768k by quarter-end, while total rewards fell 6% quarter-over-quarter to 9,171 SOL. CAD-denominated revenue dropped 45% to C$1.15 million due to lower SOL prices, though core staking and validation rewards remained stable.
Validator scale held steady with 3.8 million SOL in active delegation and 100% uptime, reinforcing the infrastructure thesis. The shift toward recurring fee revenue is now critical for valuation.