TechFlow news, November 1 — According to Cointelegraph, Messari's latest report shows strong institutional investment growth in the Solana ecosystem during the third quarter of 2024. A total of 29 Solana-based decentralized applications (DApps) raised $173 million collectively, representing over a 54% increase quarter-on-quarter and the highest level since Q2 2022.
Data indicates that Solana’s daily active fee-paying users rose to 1.9 million in Q3, up 109% from the previous quarter, while new fee-paying users surged 430% to 1.3 million. Solana has become the third-largest blockchain platform for tokenized treasuries, with a current tokenization volume of $123 million, ranking behind only Stellar ($422 million) and Ethereum ($1.6 billion).
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