Almost $1 billion invested in the development of the Solana ecosystem in a week
Date: 2025-04-28 Author: Henry Casey Categories: BUSINESS
Over the past week, the Solana ecosystem has received almost $1 billion in investments thanks to the activity of several organizations and venture funds. Amid the growth of Bitcoin, the demand for Solana-based solutions has increased significantly.
Three large companies have invested $100 million each in the development of projects related to Solana. Investment firm GSR has allocated $100 million to support UPEXI, a brand developer and distributor focused on Solana technology. The funds are planned to be used to accumulate digital assets.
Seoul-based crypto payment provider Astra Fintech has announced the creation of a $100 million fund aimed at supporting innovative startups and promising projects within the Solana ecosystem. The main focus will be on identifying talented teams and accelerating their development.
In addition, Galaxy Digital, founded by Michael Novogratz, completed a major deal on Binance, exchanging Ethereum for Solana worth $100 million. The exchange process took about two weeks.
In addition to these investments, on April 23, Canadian company SOL Strategies announced that it received up to $500 million from New York-based investment firm ATW Partners. The funds are used to purchase SOL tokens and participate in staking to generate income.
Next, on April 24, Prague-based venture capital firm RockawayX launched a new fund worth $125 million. The fund is focused on supporting projects in the Solana ecosystem, with an emphasis on early-stage startups. About two-thirds of the funds will be invested in initial rounds of financing.
Active capital injections into Solana-related projects indicate growing interest from major players in this blockchain network and its potential amid the recovery of the crypto market.
