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Step Finance to Aggregate Solana’s Decentralized Exchanges Onto Dashboard
The Solana ecosystem is backed heavily by Sam Bankman-Fried, and has been pitched as a faster, cheaper alternative to Ethereum.
Step Finance, a trading dashboard born out of the Solana hackathon, is aggregating Solana’s decentralized exchanges (DEXs), including automated market maker Raydium, SerumDex and Orca, to give traders faster access to price information.
STORY CONTINUES BELOW
- Traders using Step Dashboard will have access to $845 million of liquidity and be able to execute trades quickly at low fees, Step Finance said.
- “There is currently no single dashboard offering users a simple single entry point to manage their portfolio on Solana,” Step Finance co-founder George Harrap said.
- The Solana ecosystem is backed heavily by Sam Bankman-Fried, the CEO and founder of crypto derivatives exchange FTX, and has been pitched as a faster, cheaper alternative to Ethereum.
- According to Step Finance, Solana’s SOL token and the STEP token will be made available on the Hong Kong-based exchange AAX.
- In April, Step Finance received $2 million in funding from Alameda Research and 3 Commas Capital among others.
- The funding is being used to build the Step Platform to allow users to visualize, analyze, execute and aggregate transactions across all Solana contracts.
Read more: Solana Dashboard Step Finance Raises $2M From Alameda Research, 3 Commas
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
