Astra Fintech commits $100M for Solana growth in Asia
Astra Fintech has launched a $100 million fund to support the growth of the Solana ecosystem in Asia. The fund aims to accelerate projects and form partnerships with developers, companies, and regulators, operating primarily from South Korea. It will focus on PayFi solutions that utilize blockchain for payments. Solana and its Virtual Machine rank among the top 10 blockchains for developer activity, trailing only Ethereum. In 2021, Solana initiated a $5 million development fund for Southeast Asia, a region thriving in Web3 gaming due to Solana's efficiency. The Solana token (SOL) peaked at $293.31 in January 2025 but has since dropped to $136.61, a decline of 53.4%. Despite this, interest in Solana remains strong, with recent acquisitions and regulatory approvals bolstering its ecosystem.
