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Solana’s Desperate Cry for Attention: Institutional Investments Soar 54% as Big Players Laugh All the Way to Crypto Bankruptcy

A  illustration depicting a giant Solana blockchain with flames rising from the edges, symbolizing growth and attention. Institutional investors are shown in the background holding briefcases and smiling, while a large '54%' sign is visible above them. In the foreground, a chart showing increasing funding rounds for Solana-based DApps is being blown away by strong winds.

Solana’s ‘Ethereum killer’ status is starting to look like a fancy way of saying it’s still trying to catch up with the big boys – and by the looks of things, those big boys aren’t exactly losing sleep over this little guy.

Source: cointelegraph

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 […]

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