Step Finance and SolanaFloor, two early Solana ecosystem platforms, have introduced they’re shutting down operations efficient instantly after the treasury hack that hit Step Finance on the finish of January.
Step Finance mentioned it explored financing and acquisition choices after the breach however couldn’t safe a viable path ahead.
A Tragic Finish to Solana’s Early Ecosystem Platforms
The shutdown additionally consists of Remora Markets, one other Step-linked platform.
Step mentioned it’s engaged on a buyback for STEP holders utilizing a pre-incident snapshot and a redemption course of for Remora rToken holders, including that Remora tokens stay backed 1:1.
Step Funds’ STEP Token Flatlined After the Latest Hack. Supply: CoinGecko
The media outlet mentioned it tried to proceed working after the occasions affecting its father or mother firm, Step Finance, however couldn’t discover a sustainable route.
Immediately we’re asserting that SolanaFloor shall be winding down operations, efficient instantly.
Since its founding, SolanaFloor has labored to doc and contextualize the expansion of the Solana ecosystem.
What started as a small X account grew into one of the extensively learn…
— SolanaFloor (@SolanaFloor) February 23, 2026
The closures observe a significant hack disclosed in late January that drained Step Finance’s treasury and triggered a pointy lack of confidence.
The assault reportedly compromised units linked to executives, giving attackers entry to treasury wallets and resulting in a multimillion-dollar loss in SOL.
That breach was a deadly blow as a result of Step Finance relied on treasury sources to assist operations and ecosystem enlargement.
After the hack, STEP token worth collapsed, and the corporate confronted mounting strain to stabilize funds whereas sustaining a number of merchandise.
Earlier at present a number of of our treasury wallets had been compromised by a complicated actor throughout APAC hours. This was an assault facilitated by way of a well-known assault vector.
Quick remediation steps have been taken, and we’re working carefully with prime safety professionals.…
— Step☀️ (@StepFinance_) January 31, 2026
Step Finance was considered one of Solana’s authentic DeFi infrastructure names. It constructed a extensively used portfolio dashboard that helped customers observe wallets, yield positions, LPs, and broader on-chain exercise throughout Solana in a single place.
For a lot of customers throughout Solana’s development years, Step served as a core utility layer.
SolanaFloor performed a unique however equally essential function. It grew to become one of the seen Solana-focused media and analytics platforms, overlaying ecosystem launches, market tendencies, NFTs, DeFi, and challenge updates.
Collectively, the shutdowns mark the lack of two long-standing Solana manufacturers.
