Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.
Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.
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.
