Astra Fintech has initiated a $100 million fund to bolster the development of the Solana ecosystem in Asia, as announced on April 21. The fund aims to invest in projects and form partnerships with developers, companies, and regulators, with its base located in South Korea. This initiative is particularly focused on PayFi solutions, which leverage blockchain technology for payment facilitation. According to Electric Capital, Solana ranks among the top blockchains for developer activity, following Ethereum. Despite experiencing fluctuations in its token value—dropping 53.4% from an all-time high—interest in Solana persists, with notable investments from former Kraken executives and companies like Upexi, which is exploring a Solana treasury strategy. Additionally, Canada has recently legalized SOL staking, indicating growing institutional support for the ecosystem.

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