DeFi Dev Corp. launches partnership with dogwifhat, coin surges

DeFi Development Corp., which aims to be the “Strategy of solana,” has announced a “strategic validator partnership with the dogwifhat community,” a meme coin on the Solana blockchain.

Dogwifhat, with an $869 million market cap, is one of the top gainers in the past 24 hours, up over 22%.

Under the partnership, DeFi Development Corp. will provide technical operations and infrastructure, while both parties “will jointly promote the validator and collaborate to secure delegated stake,” the press release says.

This partnership follows a similar one DeFi Dev made with meme coin Bonk in May, which “established a new model for how institutional infrastructure and community tokens can align to advance decentralized networks,” according to a May 16 press release.

Dan Kang, DeFi Dev’s head of investor relations, told Sherwood News that the partnership was the “next natural step” after the BONK validator launch, and that WIF was “more than a meme coin.”

“It’s a cultural force with massive community reach, and we believe aligning with projects that shape the solana narrative is a smart, long-term move. After our BONK validator launch, this was a natural next step. We’re committed to supporting the ecosystem’s most iconic communities,” he said.

When asked whether DeFi Dev is considering additional solana meme coin partnerships, Kang said the company is always exploring new ways to engage with the solana ecosystem and support aligned partners.

“But we don’t have any additional validator partnerships to announce at this time,” he added.