Free Writing Prospectus (Form FWP)

Filed Pursuant to Rule 433 of the Securities Act of 1933

Free Writing Prospectus dated October 21, 2026

Relating to the Prospectus Supplement dated September 11, 2026

Registration No. 333-295142

On October 21, 2026, DeFi Development Corp. (the "Company") made available a video relating to the Company's offering of shares of its Variable Rate Series C Perpetual Preferred Stock ("CHAD Stock"). A transcript along with still frames of the video are attached hereto as Exhibit A.

The Company has filed with the Securities and Exchange Commission (the "SEC") a registration statement (including a base prospectus) and a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus supplement, the accompanying base prospectus and the other documents incorporated by reference therein or that the Company has filed with the SEC for more complete information about the Company and this offering.

You may obtain these documents for free by visiting EDGAR on the SEC's website or by visiting www.dfdv.com.

Exhibit A

0:00 CHAD: [Smiles approvingly.]

0:04 CHAD: [Smiles approvingly.]

0:07 CHAD: [Smiles approvingly.]

0:10 CHAD: [Smiles approvingly and makes a thoughtful "hmm" sound.]

0:13 CHAD: [Smiles approvingly and makes a thoughtful "hmm" sound.]

0:17 CHAD: [Smiles approvingly.]

0:19 CHAD: [Smiles approvingly.]

0:22: CHAD: Nice.