Forward Industries, led by Multicoin co-founder Kyle Samani, plans to invest $1.65 billion in Solana's DeFi ecosystem. This move aims to strengthen Solana's position in decentralized finance, addressing its current weaknesses compared to Ethereum. The investment follows a recent private placement completed on September 11, signaling a strategic push to enhance Solana's financial infrastructure.
Forward Industries to Invest $1.65 Billion in Solana DeFi
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.