Nov 2, 02:53 PM

Solana Sees Major Growth in Q3 2024 with $173M Raised, 30x YoY Revenue, 18% NFT Sales Surge

Solana has experienced significant growth in Q3 2024, with 29 projects raising $173 million, marking the highest quarterly funding since Q2 2022. Solana's Q3 revenue increased approximately 30 times year-over-year. Institutional investments in Solana DApps rose over 50% during this period. Additionally, NFT sales surged 18% in October, reaching $356 million, with Solana-based NFTs contributing $67 million and bringing their total sales volume to nearly $6 billion. Notably, the pump fun: Fee Account transferred 90,000 SOL worth about $14.97 million to Kraken, with total transfers since October 1 amounting to 237,500 SOL worth about $38.98 million.

#Solana #Solana DApps #Fee Account #Kraken

Written with ChatGPT (GPT-4o).