Solana Expands with Darklake Acquisition

SOL Strategies Acquires Solana Privacy Startup Darklake Labs

• SOL Strategies acquired Darklake Labs, a Solana-native zero-knowledge startup, for $1.2 million.
• The acquisition includes $200,000 in cash and $1 million in common shares, with a four-month lockup on the stock portion.
• Darklake developed Zyga, a zero-knowledge proof system for Solana designed to enable private transaction execution and reduce front-running and sandwich attacks.
• Darklake placed second in the DeFi track of the Solana Radar Global Hackathon and has academic research partnerships in Brazil.
• Key team members joining SOL Strategies include CEO Vitor Py Braga, COO Amber Hales, and Head of ZK Research Tiago Alves.

SOL Strategies’ acquisition of Darklake Labs aims to enhance its role in technology development within the Solana economy by integrating privacy-focused execution technology and expanding its research capabilities.