Haberler   
  English   
  Kurdî   
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 14/12/2024 18:40 
News  > 

As Ethereum loses power, that cryptocurrency continues to gain strength.

As Ethereum loses power, that cryptocurrency continues to gain strength.

02.11.2024 17:02

Solana attracted $173 million in institutional investment in the third quarter of 2024, marking a 54% increase. Surpassing Ethereum in daily fee revenues, Solana is rising as a new leader in tokenization and investment. This platform, which has captured the interest of investors, is offering new opportunities in the markets.

```html

The Solana ecosystem experienced a significant revival in the third quarter of 2024, with a 54% increase in institutional investments. DApps raised a total of $173 million in investments, while Solana's daily fee revenues surpassed Ethereum's. This surge in investments is attributed to the platform's innovative solutions and increased institutional interest.

Ethereum Rival Solana Rises to Lead in Transaction Revenues

Solana, one of the standout platforms in the decentralized finance (DeFi) world, achieved a significant milestone in the third quarter of 2024. The interest of institutional investors in Solana-based decentralized applications reached an impressive $173 million, marking a 54% increase compared to the previous quarter.

According to the latest report prepared by Messari Protocol Services, despite a 37% decrease in the number of funding rounds, this increase in investment volume indicates a peak not seen in the last two years. The organization's research analyst, Matthew Nay, noted that as the market enters a recovery phase, investors have begun to show renewed interest in Solana projects.

Notably, Drift's $25 million investment and Multicoin's $12 million investment in Fuse, which operates in the energy-efficient platforms sector, stand out as significant indicators of the ecosystem's vibrancy.

Adopting a different technological approach than Ethereum, Solana has managed to increase transaction efficiency without the need for Layer-2 solutions. On the day the report was published, the platform generated $2.54 million in transaction fee revenue, surpassing Ethereum's $2.07 million revenue.

In the third quarter, the platform's user base also showed significant expansion. The number of fee-paying users rose by 109% to 1.9 million, while the number of daily new fee-paying users reached 1.3 million, marking a 430% increase. However, there was a 12% decrease in non-voting daily transactions.

Solana is also in a remarkable position in the field of tokenization. By the end of the third quarter, it ranked third with a tokenized asset value of $123 million, following Stellar and Ethereum. Franklin Templeton's money market funds and Societe Generale's euro-based stablecoin project demonstrate the confidence of the corporate world in the Solana ecosystem.



```



 
Latest News
  • MicroStrategy is joining the Nasdaq index.
  • The entry of the software company MicroStrategy into the Nasdaq-100 is seen as a significant step towards integrating cryptocurrency markets into mainstream finance. This strategic move is noteworthy as it is expected to accelerate the adaptation of Bitcoin in the corporate world.
  • 12 minutes ago...

  • The acting President of South Korea has begun work.
  • The Acting Prime Minister of South Korea, Han Duck-soo, stated that the National Assembly will make efforts to ensure the stable management of state affairs following the dismissal of President Yoon Suk Yeol.
  • 20 minutes ago...



  • The young man who tried to break up the fight was ambushed and killed.
  • In Beylikdüzü, a young man tried to calm down four people who were arguing with the parking attendants. Later, the young man was shot and killed by the four suspects who blocked his vehicle. Authorities seized 1 kilogram and 210 grams of drugs from the arrested suspects.
  • 43 minutes ago...

 
 
Top News