Significant Increase in Investment in Solana-Based Applications
In Q3 2024, institutional investment in applications built on the Solana blockchain reached $173 million, marking a significant 54% increase compared to the previous quarter. According to a report by Messari, this amount is the highest since Q2 2022, despite a 37% drop in the number of funding rounds.

Solana Surpasses Ethereum in Generated Fees
According to recent reports, on October 28, Solana generated over $2.54 million in fees, while Ethereum reached $2.07 million. Often referred to as the "Ethereum killer," Solana aims to increase transaction throughput and reduce costs through its monolithic scaling approach, removing the need for layer-2 blockchains. The third quarter showed a rise in generated fees, enhancing the network’s profitability.
Growth in Daily Fee Payers and a Decline in Certain Transactions
The average number of daily fee payers on Solana increased by 109% to 1.9 million, while new fee payers grew by 430% to 1.3 million. However, the average daily transactions unrelated to voting dropped by 12% to 62 million. The average transaction fee rose by 6% to 0.00015 Sol tokens ($0.023), while the median transaction fee saw a decline of over 19%.

Institutions Drive Tokenization Growth on Solana
At the end of Q3, Solana ranked as the third-largest blockchain for tokenized treasuries, with a total value of tokenized treasuries reaching $123 million, compared to $422 million on Stellar and $1.6 billion on Ethereum. With Franklin Templeton planning to launch a money market fund on Solana, further growth is anticipated.
Societe Generale to Support Solana’s Expansion
Solana’s blockchain growth will also be supported by banking conglomerate Societe Generale, which is launching a euro-denominated #stablecoin in preparation for the Markets in Crypto-Assets (MiCA) regulation. The stablecoin, which has already reached a value of over $37 million on #etherreum , is expected to soon bring support to Solana as well.
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Japanese investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000.
This follows a recent purchase of 156.7 BTC, valued at approximately 1.6 billion yen, or around $10.4 million.
Metaplanet’s Stock Rises by 7.18% After Acquisition
The acquisition, announced on Monday via a post on X, brings Metaplanet’s total Bitcoin reserves to 1,018 $BTC , estimated at $68.8 million. From July 1 to September 30, the firm reported a BTC return of 41.7%, which accelerated to 155.8% between October 1 and October 28.
According to data from Arkham Intelligence, Metaplanet’s Bitcoin investment shows impressive returns, boasting an unrealized gain of over $6 million due to the recent increase in the cryptocurrency’s price.
Investors responded positively to the news, with the company’s stock rising by 7.18% to 1,150 yen. According to Google Finance, this marks a 16.04% increase over the past month and a 618.75% year-on-year gain.
CEO Highlights Strategic Timing of Investment
The firm’s CEO, Simon Gerovich, spoke at the Bitcoin 2024 conference in July, revealing that the decision to invest in Bitcoin came at a crucial time. Facing a challenging balance sheet and significant debt, the company saw Bitcoin as a means to stabilize and improve its financial position.
Metaplanet entered the Bitcoin market for the first time in May, driven by the need to hedge against economic volatility. Inspired by MicroStrategy’s approach, the company has steadily increased its holdings, making several purchases over the past few months.
Bitcoin Buying Spree
In June, the group acquired 23.351 BTC for approximately $1.6 million, followed by 42.4 BTC for $2.4 million, bringing its holdings to 203.7 BTC. Subsequent purchases included 57.273 BTC for $3.4 million and another at the beginning of this month, where the investment company added 106.976 BTC, valued at roughly $6.6 million, to its reserves.
To support these acquisitions, Metaplanet occasionally resorted to external financing, including a loan of 1 billion yen, approximately $6.8 million, from MMXX Ventures, one of its shareholders.
The company also conducted 11 rounds of acquisition rights, the most recent of which concluded on October 23. This offering raised 10 billion yen, with 13,774 shareholders purchasing shares at a discounted price of 555 yen.

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🌐 Attention, LUNC Coin enthusiasts! Get ready for exciting changes that are about to reshape the future of LUNC. Big updates are coming, and here’s what you need to know about how these developments might affect your investment. Let’s dive in! 🔥
What’s New for LUNC? 🔄
1️⃣ Network Upgrade:
The LUNC network is on the verge of a major upgrade that promises to supercharge scalability and boost transaction speeds. This update could make LUNC a more efficient platform, potentially drawing in new users, developers, and fresh use cases. For current and prospective holders, this translates into a smoother, faster experience and an expanded ecosystem. 🛠️
2️⃣ Game-Changing Partnerships:
Rumors of new partnerships are buzzing, and if these collaborations come to fruition, they could bring unprecedented value and utility to LUNC. Partnerships with industry leaders would elevate LUNC’s profile and may drive wider adoption and real-world applications, paving the way for increased demand. 🤝
3️⃣ Tokenomics Revamp:
Changes to LUNC’s tokenomics could be around the corner, potentially impacting supply, staking rewards, or burn rates. These adjustments would influence LUNC’s price dynamics and, in turn, your investment returns. Staying updated on these changes will be crucial for holders looking to maximize gains. 📊
What Do These Changes Mean for LUNC Holders? 💸
📈 Price Volatility:
With any significant change comes the potential for price fluctuations. Be prepared for movement as LUNC gears up for these improvements, and keep a close watch to seize opportunities when they arise.
🏆 Enhanced Staking Opportunities:
If staking rewards undergo a revamp, it could open up new earning possibilities for LUNC holders. Keep your eye on official updates to ensure you’re optimizing your staking strategy and maximizing those returns.
🚀 Expanded Utility and Adoption:
Network upgrades and fresh partnerships mean more potential use cases, potentially attracting a broader range of users to the LUNC ecosystem. As LUNC’s utility grows, so could its long-term value.
Stay Ready, Stay Informed!
With these exciting updates on the horizon, it’s vital to stay connected to LUNC’s official channels for the latest news. Whether you’re a seasoned holder or new to LUNC, staying informed will empower you to make the most of every opportunity.
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1. Blockchain inscriptions causing significant congestion on various blockchains such as Avalanche, Arbitrum, Cronos, zkSync, and Celestia.2. Despite the congestion, inscriptions are gaining popularity, evidenced by the record-high gas fees of $8.3 million on December 16th.3. Sandeep Nailwal, founder of Polygon, asserts that Polygon is effectively managing the inscription demand, boasting the highest number of inscriptions at 161 million.4. Solana appears vulnerable due to past outages and a recent surge in fees, raising concerns about its stability.5. While Polygon bears the brunt of the current situation, uncertainties persist regarding Solana'sstability.Blockchain inscriptions have ignited significant controversy within the blockchain space this year. Originating from Bitcoin, this technology has swiftly proliferated across multiple blockchains, triggering a frenzied pursuit of these "permanent NFTs."However, notwithstanding their controversial nature, these novel NFTs are congesting blockchains, leading to numerous instances of system crashes. Several prominent blockchains, including Avalanche, Arbitrum, Cronos, zkSync, and most recently, Celestia, have experienced disruptions.The Celestia blockchain recently underwent a crash, adding to the list of incidents. Of these disruptions, Arbitrum's Ethereum L2 solution encountered a particularly noteworthy crash on December 15, lasting over an hour.Consequently, mempools are swelling, transact. fees are surging, and blockchains are faltering, all attributed to the escalating popularity Data from Dune Analytics reveals a staggering $8.3 million spent on gas fees for blockchain inscriptions on December 16, marking a historic peak since their inception. The accompanying chart depicts a steady surge in both the prevalence and utilization of blockchain inscriptions.Meanwhile, Sandeep Nailwal, founder of Polygon, speculates a potential migration of inscription creators to Polygon due to its cost-efficient transactions and minimal fees. Polygon currently boasts the highest inscription count, nearing 161 million, surpassing BNB, the second-ranked chain in this domain. Remarkably, Nailwal notes that gas fees on Polygon remain below 10 cents.Contrarily, Solana has a checkered history of network outages, as reported by Solana's official status page, registering numerous instances of partial or complete downtime, particularly in 2022.Flipside data further emphasizes the soaring inscription count on Solana, reaching approximately 287 thousand, contributing to a cumulative total nearing a million inscriptions. Simultaneously, network fees on Solana have been steadily ascending since October, signifyingDespite the tumultuous landscape, Solana and Polygon remain relatively resilient, having avoided major outages due to ordinals. However, while Polygon appears to weather the storm relatively well, concerns persist regarding Solana's stability.Disclaimer: Osmy CryptoZ aims to provide accurate and current information but disclaims responsibility for any omissions or inaccuracies. Cryptocurrencies are highly volatile financial assets; hence, conduct thorough research and exercise independent judgment in financial decisions. #BlockchainNews #blockchain​ #Solana #BinanceTournament #VoiceOfCrypto