Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.
Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.
During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.
This funding amount represents the highest level of investment in Solana since the second quarter of 2022, despite the number of funding rounds decreasing by 37%, according to a Messari report shared with Cointelegraph.
