Institutional Investment in Solana Blockchain Applications Rebounds in Q3 2024

According to Odaily, a report by Messari indicates a resurgence in institutional investment in Solana's native blockchain applications during the third quarter of 2024. A total of 29 decentralized applications (DApps) based on Solana raised $173 million, marking an increase of over 54% compared to the previous quarter. Despite a 37% decrease in the number of funding rounds, this represents the highest amount of investment on the Solana chain since the second quarter of 2022. Additionally, asset management giant Franklin Templeton plans to launch a money market fund on Solana.