{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NASDAQ/DFDVW",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# DeFi Development Corp. (NASDAQ: DFDVW) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is DeFi Development Corp., listed on NASDAQ under ticker DFDVW, with ISIN US47100L1118 and LEI 25490034ZLUY8NYVGU64. Its security type is Corporate, its segment is not on the record, its sector is 6199 Finance Services, and its jurisdiction is United States, Nevada. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 121 filings across 78 filing days in the window 2025-11-08 to 2026-11-08. The median gap between filing days is 3 days, and the latest filing is dated 2026-11-05, 3 days before the record date, and is of type regulatory_filing. The NASDAQ exchange median is 52 filings, a median cadence gap of 6.0 days, and a median latency of 5.0 days. The sector median for 6199 Finance Services is 61.5 filings, a median cadence gap of 5.0 days, and a median latency of 4.0 days.\n\n## Auditor\n\nThe auditor of record is Wolf & Company, P.C., located in Boston, Massachusetts. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds listing lines dated 2025-10-24, 2025-11-05, 2026-09-03 and 2026-09-04. It holds no delisting and no name change. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable, as the chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe record finds 6 research houses named on the issuer's investor-relations page: Cantor Fitzgerald, Kishan Shah Research, Charles Odei Research, Seeking Alpha Analysts, Investment Research, and Seeking Alpha.\n\n## Open research\n\nThe record holds no openly published research notes for the issuer; none was found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer's years sealed are 2021, 2022, 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04, and the live record began on 2026-09-12.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0001805526.json (identity.jurisdiction)\n- https://api.gleif.org/api/v1/lei-records/25490034ZLUY8NYVGU64 (identity.lei)\n- https://mcp.us-cm-kg.ai/events/NASDAQ/DFDVW (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://www.sec.gov/Archives/edgar/data/1805526/000180552626000006/dfdv-20251231.htm (the auditor)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://defidevcorp.com/research (coverage)\n- https://mcp.us-cm-kg.ai/record/NASDAQ/DFDVW (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "read_by": "EDGAR 10-K cover page iXBRL tag (dei:AuditorName, dei:AuditorLocation, dei:AuditorFirmId, dei:DocumentPeriodEndDate)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000006/dfdv-20251231.htm",
    "state": "sourced",
    "value": "Wolf & Company, P.C."
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "read_by": "EDGAR 10-K cover page iXBRL tag (dei:AuditorName, dei:AuditorLocation, dei:AuditorFirmId, dei:DocumentPeriodEndDate)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000006/dfdv-20251231.htm",
    "state": "sourced",
    "value": "Boston, Massachusetts"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NASDAQ/DFDVW",
  "coverage": {
   "count": 6,
   "houses": [
    {
     "house": "Cantor Fitzgerald",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    },
    {
     "house": "Kishan Shah Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    },
    {
     "house": "Charles Odei Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    },
    {
     "house": "Seeking Alpha Analysts",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    },
    {
     "analyst": "Charles Odei",
     "house": "Investment Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    },
    {
     "house": "Seeking Alpha",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://defidevcorp.com/research",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://defidevcorp.com/research",
     "result": "read: 6 of 7 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 4359,
     "median_cadence_gap_days": 6,
     "median_filings": 52,
     "median_latency_days": 5,
     "name": "NASDAQ"
    },
    "sector": {
     "issuers": 184,
     "median_cadence_gap_days": 5,
     "median_filings": 61.5,
     "median_latency_days": 4,
     "name": "6199 Finance Services"
    }
   },
   "by_type": {
    "agm_egm": 2,
    "corporate_news": 18,
    "director_change": 7,
    "directors_dealings": 49,
    "prospectus": 8,
    "regulatory_filing": 29,
    "results": 8
   },
   "cadence_median_gap_days": 3,
   "filing_days": 78,
   "filings": 121,
   "latency_days": 3,
   "latest": [
    {
     "category": "FWP",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000156/chadfwp_blockxtime.htm",
     "title": "FWP — FWP",
     "type": "regulatory_filing"
    },
    {
     "category": "FWP",
     "date": "2026-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000153/fwpchadsocialmedia.htm",
     "title": "FWP — FWP",
     "type": "regulatory_filing"
    },
    {
     "category": "DEFA14A",
     "date": "2026-11-04",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000121390026115935/ea0309455-02.htm",
     "title": "DEFA14A — DEFINITIVE ADDITIONAL MATERIALS",
     "type": "agm_egm"
    },
    {
     "category": "DEF 14A",
     "date": "2026-11-04",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000121390026115933/ea0309455-01.htm",
     "title": "DEF 14A — PROXY STATEMENT",
     "type": "agm_egm"
    },
    {
     "category": "FWP",
     "date": "2026-11-03",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000149/chadfwp_walking.htm",
     "title": "FWP — FWP",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/DFDVW",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NASDAQ"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-14",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "US47100L1118"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001805526.json",
    "state": "sourced",
    "value": "United States — Nevada"
   },
   "lei": {
    "read_by": "GLEIF name-exact (jurisdiction US-NV; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/25490034ZLUY8NYVGU64",
    "state": "filled",
    "value": "25490034ZLUY8NYVGU64"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001805526.json",
    "state": "sourced",
    "value": "DeFi Development Corp."
   },
   "sector": {
    "read_by": "EDGAR submissions API (issuer header as filed) (SIC code as assigned by the SEC)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001805526.json",
    "state": "sourced",
    "value": "6199 Finance Services"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0001805526.json",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
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    "state": "not_on_record"
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   "ticker": {
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    "read_date": "2026-11-08",
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    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "DFDVW"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
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  },
  "licensed": {
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    "entitlement",
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   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
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   "domicile_change": {
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    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
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   "listing": [
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     "date": "2025-10-24",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000121390025102258/ea0262338-8a12b_defi.htm",
     "title": "8-A12B — FOR REGISTRATION OF CERTAIN CLASSES"
    },
    {
     "date": "2025-11-05",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000135445725001095/DFDV_8-A_Cert_1805526.pdf",
     "title": "CERT"
    },
    {
     "date": "2026-09-03",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000094/dfdv-form8xavariableratepr.htm",
     "title": "8-A12B — 8-A12B"
    },
    {
     "date": "2026-09-04",
     "source": "https://www.sec.gov/Archives/edgar/data/1805526/000135445726000858/CHAD_8-A_Cert_1805526.pdf",
     "title": "CERT"
    }
   ],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
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  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:0411a457ad66f841a44cef6416dd198f88257f79d9fbf26b1d08dcacd25def41",
  "open_research": {
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   "rows": [],
   "state": "none_found"
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  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
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  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NASDAQ/DFDVW",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:0411a457ad66f841a44cef6416dd198f88257f79d9fbf26b1d08dcacd25def41",
 "path": "/us/NASDAQ/DFDVW",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is DeFi Development Corp., listed on NASDAQ under ticker DFDVW, with ISIN US47100L1118 and LEI 25490034ZLUY8NYVGU64. Its security type is Corporate, its segment is not on the record, its sector is 6199 Finance Services, and its jurisdiction is United States, Nevada. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 121 filings across 78 filing days in the window 2025-11-08 to 2026-11-08. The median gap between filing days is 3 days, and the latest filing is dated 2026-11-05, 3 days before the record date, and is of type regulatory_filing. The NASDAQ exchange median is 52 filings, a median cadence gap of 6.0 days, and a median latency of 5.0 days. The sector median for 6199 Finance Services is 61.5 filings, a median cadence gap of 5.0 days, and a median latency of 4.0 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Wolf & Company, P.C., located in Boston, Massachusetts. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds listing lines dated 2025-10-24, 2025-11-05, 2026-09-03 and 2026-09-04. It holds no delisting and no name change. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable, as the chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record finds 6 research houses named on the issuer's investor-relations page: Cantor Fitzgerald, Kishan Shah Research, Charles Odei Research, Seeking Alpha Analysts, Investment Research, and Seeking Alpha.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds no openly published research notes for the issuer; none was found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer's years sealed are 2021, 2022, 2023, 2024, 2025 and 2026. The market's earliest sealed date is 2021-01-04, and the live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0001805526.json"
  },
  {
   "for": "identity.lei",
   "source": "https://api.gleif.org/api/v1/lei-records/25490034ZLUY8NYVGU64"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/DFDVW"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the auditor",
   "source": "https://www.sec.gov/Archives/edgar/data/1805526/000180552626000006/dfdv-20251231.htm"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://defidevcorp.com/research"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NASDAQ/DFDVW"
  }
 ],
 "title": "DeFi Development Corp. (DFDVW) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}