Solana Ecosystem raises $40 million in strategic investments from OKEx, MXC exchanges

The Solana Foundation, the grants program behind the Solana high-performance blockchain, has inked partnerships with cryptocurrency exchanges OKEx and MXC to launch two strategic investment funds designed to fuel the ecosystem’s expansion.

The two funds, which are collectively valued at $40 million, will help Solana bring more of its decentralized applications and protocols to market.

Anatoly Yakovenko, president of the Solana Foundation, said the blockchain platform has “grown multitudes in the past few months” both in terms of volume of projects and active developers. He said the Solana team will work alongside its new funders to “support the next wave of killer dApps.”

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