Institutional interest in Solana-based blockchain applications has surged, with $173 million raised by 29 DApps in Q3 2024. (a 54% increase from the previous quarter) Despite fewer funding rounds, the higher investment signals renewed institutional confidence in Solana projects, such as Drift’s $25 million Series B and Multicoin’s $12 million stake in Fuse. Solana's network has also shown strong growth, surpassing Ethereum in daily fees and increasing its fee-paying user base by 109% to 1.9 million. Additionally, Solana has become the third-largest blockchain by tokenized treasuries, totaling $123 million, following Ethereum and Stellar. Source: Cointelegraph
