ISTANBUL – 12/09/2024 – (SeaPRwire) – Step Finance, a pioneering force in the Solana ecosystem, has made a significant leap forward by unveiling its latest innovation—Solana Portfolio Data APIs. These cutting-edge APIs are poised to revolutionize the way Tier 1 cryptocurrency exchanges, DeFi projects, and other institutional clients access and interact with onchain wallet positional data across the Solana blockchain. Designed with scalability, accuracy, and compliance in mind, this product offers a comprehensive solution for institutions that need to monitor portfolio values and real-time positions across the Solana ecosystem.
Built on Step Finance’s robust analytics platform, these new Solana Portfolio Data APIs provide institutional clients, including financial corporations and cryptocurrency exchanges, with unparalleled access to real-time data of any Solana wallet. The APIs pull data from nearly every protocol on the Solana blockchain, ensuring that clients have the most accurate and up-to-date information available.
This move is expected to significantly impact the operational capabilities of institutional clients who need to remain compliant with SEC guidance, specifically Rule 121, which mandates the proper auditing and management of customer assets. By utilizing Step’s Solana Portfolio Data API, institutions can seamlessly keep pace with the rapidly changing landscape of token prices, decentralized finance (DeFi) positions, non-fungible token (NFT) sales, and other critical onchain data points. These features provide the real-time oversight necessary for managing portfolios in today’s dynamic and fast-paced financial environment.
Transforming Institutional Access to Solana Onchain Data
Step Finance’s new product is not just a step forward for the company, but a giant leap for the Solana ecosystem as a whole. As the Solana blockchain continues to grow in popularity and institutional adoption accelerates, the need for reliable and real-time data becomes more crucial. According to George Harrap, co-founder of Step Finance, the company has been steadily observing a rise in institutional interest in Solana-based data solutions. Harrap notes, “We’ve been handling onchain Solana data for years, but now with this API, we’re catering directly to the needs of institutions. This development is timely, especially with the anticipated approval of a Solana-based ETF by 2025.”
The introduction of the Solana Portfolio Data APIs also positions Step Finance as a key data provider within the broader Solana ecosystem. The platform, already recognized for its comprehensive analytics tools and portfolio management dashboard, is now at the forefront of institutional data services for Solana. This latest product offering is expected to further entrench Step Finance’s leadership position as it announces forthcoming partnerships with major cryptocurrency exchanges, wallets, and DeFi projects.
Institutional Adoption of Solana: A Rapid Rise in Confidence
The timing of Step Finance’s API launch could not be more advantageous. Recent data from CoinShares, published in April 2024, reveals that approximately 15% of institutional crypto investors have already begun allocating capital to Solana-based assets, a remarkable increase from 0% at the start of the year. This surge in interest speaks volumes about the growing confidence in Solana as a key player in the crypto and blockchain space.
As Solana’s ecosystem continues to expand and evolve, the demand for real-time, accurate onchain data will only increase. The launch of Step Finance’s Solana Portfolio Data APIs will help meet this rising demand by enabling institutional clients to seamlessly track, manage, and audit their Solana-based assets in real time, enhancing transparency, security, and overall portfolio performance.
Step Finance’s Vision for the Future: Expanding Accessibility with V3
In addition to launching Solana Portfolio Data APIs, Step Finance is rolling out the beta version of its third-generation platform (V3). With a growing user base of over 300,000 monthly active users, the V3 platform introduces several new features designed to elevate the Solana user experience. One of the highlights of V3 is the integration of multiple Solana wallets into a single dashboard, allowing users to manage various wallets simultaneously and track portfolio performance with ease.
The V3 platform also boasts a modernized user interface (UI), enhanced mobile compatibility, and real-time trading charts, making it easier for users to stay updated on market trends and make informed decisions. Another critical feature that will be added after the full release of V3 is historical profit and loss tracking, giving users a granular look at their portfolio’s performance over time.
Moreover, in an effort to make Solana accessible to a broader global audience, Step Finance has laid the groundwork to translate its interface into several new languages. This strategic move will broaden the platform’s reach and enable users from different regions to access and benefit from Step’s advanced Solana analytics.
Charting a Course for Solana’s Institutional Future
Step Finance’s long-term vision is clear: to become the premier data provider for all major financial platforms and institutions seeking reliable, real-time data from the Solana blockchain. By combining advanced analytics, an easy-to-use interface, and institutional-grade API solutions, Step Finance is laying the foundation for the future of Solana-based financial services.
As the company continues to build on its early success in the Solana ecosystem, it remains committed to providing the tools and infrastructure necessary to support the growing demand for decentralized finance and real-time blockchain analytics. “Since our inception in 2021, we’ve been building in step with Solana’s explosive growth, and we’re more committed than ever to offering the best analytics and portfolio management tools available,” says George Harrap.
By focusing on both retail and institutional clients, Step Finance aims to cater to the diverse needs of the blockchain community while ensuring that Solana remains a key player in the future of decentralized finance.
About Step Finance:
Step Finance is the leading onchain analytics platform and portfolio dashboard for the Solana ecosystem. Founded in 2021, Step provides real-time portfolio tracking, analytics tools, and data solutions for both individual users and institutions. With a focus on innovation, Step Finance continues to evolve in line with the rapid growth of Solana and decentralized finance.
SOURCE: Step Finance
by Arrow123
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