Step Finance just announced that they have acquired Solana Floor to improve DeFi and NFT Data Analytics. Step Finance is a Solana analytics platform with apparently 110,000 monthly active users. Step Finance, which won a Solana Hackathon in March 2021, started as a customer of Solana Floor. Step Finance has been steadily building since its launch last year.
Following its success at the hackathon, it raised $2 million from Alameda Research, which is owned by crypto exchange FTX’s CEO Sam Bankman-Fried. Step Finance is looking to expand its platform to encompass NFTs, and its acquisition of SolanaFloor will take the company one step further in that direction. Solana Floor also won a Solana Hackathon and apparently currently has 23,000 monthly active users.
Co-founder of Step Finance, George Harrap, stated: “There are some users who don’t really know about DeFi and likewise, a lot of DeFi people who don’t really know about NFTs, so the sum is greater than two parts”.
