Astra Fintech has launched a $100 million fund aimed at supporting the growth of the Solana ecosystem across Asia, specifically focusing on projects and partnerships working on PayFi solutions in South Korea. The initiative seeks to accelerate blockchain-based payment systems by collaborating with developers, companies, and regulators. Solana, alongside its associated blockchain technologies, remains in the top 10 for developer activity, trailing only Ethereum. In 2021, Solana made strides to encourage projects in Southeast Asia, which has emerged as a significant market for Web3 gaming. Despite the fluctuations in Solana's market performance, with its native token falling by over 53% since hitting an all-time high earlier in the year, continued investments highlight the industry's confidence in Solana's potential. Recent developments show companies like Upexi engaging with Solana's ecosystem, and Canada has recently approved SOL staking, indicating robust institutional interest in the blockchain's future.

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