Solana Sees $173M Funding Surge In Q3 Amid Rising Institutional Interest From PayPal, Visa, Franklin Templeton
Portfolio Pulse from Murtuza Merchant
Solana's ecosystem experienced significant growth in Q3, with $173 million in new funding and increased institutional interest from major players like Visa, PayPal, and Franklin Templeton. The network's advancements in infrastructure and DeFi solutions have positioned it as a strong competitor in the blockchain space.
November 01, 2024 | 5:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PayPal's involvement in Solana's ecosystem, particularly through its USD stablecoin, has contributed to Solana's DeFi growth, indicating PayPal's strategic interest in blockchain technology.
PayPal's USD stablecoin has significantly contributed to Solana's DeFi growth, indicating PayPal's active role and interest in blockchain technology. This involvement could enhance PayPal's position in the digital asset space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Visa's expansion of operations on Solana reflects its growing interest in blockchain technology, potentially enhancing its digital payment solutions.
Visa's expansion on Solana suggests a strategic move to integrate blockchain technology into its operations, which could improve its digital payment solutions and market position.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60