SOL Strategies Buys Darklake Labs for $1.2M and Eyes $18M Houdini Deal
UPXI•SOL Strategies completed a $1.2 million acquisition of Darklake Labs and agreed to purchase Houdini Swap for $18 million, adding ZK privacy, slippage protection and cross-chain swap infrastructure. These moves aim to extend revenue from 768,000 SOL staked to higher-margin middleware, API and transaction fees across 100+ blockchains.
1. Darklake Labs Acquisition
In April, SOL Strategies acquired Darklake Labs for $1.2 million, paying $200,000 in cash and issuing $1 million in common shares with a four-month lock-up. The deal brings Zyga, a Solana-native zero-knowledge proof engine designed for private transaction execution and dynamic slippage protection, along with a team from Meta, IBM, Coinbase and pending patents.
2. Houdini Swap Deal
In May, the company entered into a definitive agreement to buy Houdini Swap for $18 million, consisting of $8.25 million cash, a $5.75 million promissory note, $4 million in shares and warrant consideration, with closing expected by month-end. Houdini is a non-custodial, privacy-enabled cross-chain swap aggregator spanning 100+ blockchains and 30+ exchanges, generating $13 million revenue in 2025 and processing $2.5 billion in cumulative volume.
3. Strategic Integration and Growth
Combining Zyga’s privacy and slippage-protection capabilities with Houdini’s routing infrastructure creates integrated private swap execution, B2B API offerings and middleware monetization across 100+ blockchains and 1 million+ tokens. This integration could boost fee capture, increase higher-margin software revenue and attract users into SOL Strategies’ staking ecosystem, which manages nearly 768,000 SOL under delegation.
