3 giant Solana projects “dying young” after $30 million hack — DeFi storm or just a sign of weakness?
A shocking news has just occurred in the Solana (SOL) ecosystem: the prominent platforms Step Finance, SolanaFloor, and Remora Markets announced the immediate cessation of all operations following a serious attack on the Step Finance treasury at the end of January.
According to the official announcement, Step Finance was attacked and lost tens of millions of USD SOL (~261,000–~$30–40 million) as management-related devices were compromised, leading to hackers gaining control of the treasury wallet. This incident caused the STEP token to drop by ~97%, and despite efforts to find funding or seek a buyer, the team was unable to keep the company operational.
SolanaFloor, one of the leading media and analytics platforms for Solana, also confirmed it would stop creating new content and only maintain the archive page as a repository. This is a sad phase for an ecosystem that was previously viewed as one of the hottest DeFi development environments.
Key highlights:
● Step Finance was a DeFi tracking tool used by hundreds of thousands of Solana users, with a dashboard aggregating wallets, yield positions, LP, and on-chain data – considered the “homepage of Solana.”
● Remora Markets is a tokenized stock project on Solana, and SolanaFloor is the central media platform – both could not survive the financial shock.
This event is not just a simple hack; it marks a decline in the risk tolerance and financial resilience of DeFi on Solana. $SOL
