Institutional Investments in Solana Surge in Q3

Solana's ecosystem is attracting significant institutional attention. According to Messari, investments in Solana-based dApps reached $173 million in the third quarter of 2024.

Solana (CRYPTO: SOL) institutional funding surged in Q3, with investments in Solana-based decentralized applications (dApps) reaching a new high.

According to Messari’s report, institutional investments in Solana's dApps hit $173 million in Q3 2024, up 54% from the previous quarter.

Despite a 37% decrease in the number of funding rounds, institutional investment reached its highest level since Q2 2022. Notably, the high value per investment showcases the maturity of the Solana ecosystem and the confidence among institutional players.

Solana's ecosystem growth and scalability were highlighted as key factors driving the افزایش in investments. Moreover, Solana's transaction fees saw a ۶% rise in Q3 due to high memecoin activity; however, they remained notably low compared to other major chains.

These investments contributed to a ۲۶% increase in Solana's DeFi Total Value Locked (TVL) in Q3. The figure reached $5.7 billion, making Solana the third-largest DeFi ecosystem, following Ethereum and Tron. Stablecoins and memecoins drove the majority of the growth. Notably, PayPal's (NASDAQ:PYPL) PYUSD stablecoin saw a ۳۴۱% increase in the last quarter.

Solana also emerged as a leading platform for tokenization. In the last quarter, it was the third-largest blockchain for tokenized treasuries, following Ethereum and Stellar. The market was valued at $123 million, with key players like Franklin Templeton using Solana to drive on-chain funds. Additionally, Société Générale added a new stablecoin to Solana.

These figures and developments indicate that Solana's ecosystem is attracting significant institutional attention, with investors viewing it as a promising avenue for investment due to its scalable infrastructure and expanding ecosystem.