Crypto
SVM-based blockchain Solayer to launch $35 million ecosystem fund
Layer 1 blockchain Solayer plans to launch a $35 million ecosystem fund, The Block reported on Jan. 20. The fund aims to support ultra-fast blockchain scaling using the InfiniSVM engine based on the Solana Virtual Machine, the report said. Solayer said it processed 330,000 transactions per second on its alpha mainnet and achieved 400-millisecond finality. It plans to prioritise projects with clear revenue models.
