STARDEER launches $10M fund for Solana ecosystem projects

Solana becomes the second-largest chain by DeFi TVL as revenue surges in Q 2024


Digital Asset Trading Platform Stardeer announced a fund of $ 10 million to support projects in the Solana ecosystem.

The fund will support new companies, will offer liquidity and encourage developers to create innovative applications on Solana (GROUND), according to the Stardeer’s press release dated March 18.

Due to its reputation for rapid transactions and low costs, Solana attracted developers and users around the world. However, many projects have difficulty in early financing and market exhibition. By providing financial and technical support, Stardeer’s Fund seeks to solve these problems.

The fund will focus on four key areas. First of all, it will offer start -up funding to support the development of new Solana projects. Second, to stimulate market activity and attract users, it will provide liquidity Incitations.

Third, he will encourage developers to build high -quality decentralized financial applications and financial tools. Finally, Stardeer will provide a zero-fee list on its platform to support new projects.

Solana has a lot of innovation potential, according to a chief executive officer of Stardeer, who stressed the importance of this initiative.

“The innovative potential of the Solana ecosystem is immense. We hope to support the growth of exceptional projects thanks to this special fund and help global investors to discover and invest in quality assets within the Solana ecosystem. ”

– CEO of Stardeer

In addition to the fund, Stardeer introduced a section dedicated to Solana Trading with a temporary reduction in costs of 50%. This initiative covers the transactions of several Solana ecosystem tokens such as Jupiter (Jupp), Bonk (Flag), and Raydium (RADIUS), among other tokens. The objective is to improve liquidity and make trading more accessible.

On March 17, Solana famous Its fifth anniversary, which was an important step in its development. Over the years, the network has dealt with more than 400 billion transactions, which has led to a volume of negotiation of almost 1 dollars.

Despite the slowdown in the market, Solana remains one of the busiest blockchains. He recorded a 30 -day negotiation volume of $ 105 billion in February, according to Defilma data. The new Stardeer fund should further support this momentum.

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