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Rockaway X has secured $125 million for its new early-stage venture capital fund, targeting Solana-based projects. The move comes as interest in Solana cools despite its position as the second-largest Layer 1 blockchain by TVL.
- Rockaway X's $125M fund will focus on Solana ecosystem projects, continuing its support since 2018.
- Solana's TVL has dropped 30% to $9.16B, and SOL's price fell 41% amid cooling meme coin interest.
- The Solana Foundation is a major liquidity provider for the fund, per sources.
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