Solana Projects Secure $173 Million In Q3 2024 Funding

According to PANews, a report titled 'State of Solana: Breakpoint Edition' reveals that 29 projects built on the Solana blockchain secured $173 million in private funding during the third quarter of 2024. This marks the highest level of funding since the second quarter of 2022. Each month of Q3 2024 saw continuous growth, with September alone accounting for $103 million, the strongest month since June 2022. The tokenized funding market on Solana also experienced significant growth, with the total value doubling to $123 million within just 30 days. This surge was primarily driven by an inflow of $50 million USDC from Ethereum on September 23.