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.
- 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
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
