January 2024rise
SolanaFloor launches a data analysis platform
Launched as an analytics platform for the Solana ecosystem, SolanaFloor offers in-depth insights into on-chain data and has quickly gained significant attention from users.
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SolanaFloorProject · Collapse Archive
Solana Data Analysis Platform
Affected by the parent company Step Finance's treasury being hacked (resulting in approximately $27-40 million loss), unable to continue operations and thus shut down
$5MMarket Value Lost18 months · 100%
Peak Market Cap$5MPeak Value
Post-collapse Market Cap$0Post-collapse Value
Market Value Lost$5M100%
Crash Duration18 monthsCrash Duration
Collapse Timeline
Live API SyncDate of establishment2021SolanaFloor introduces tools for tracking Solana NFT floor prices and conducting market analysis.
The Solana NFT boomQ1 2022The Solana NFT ecosystem is experiencing explosive growth, with the number of SolanaFloor users rising rapidly.
The collapse of Solana NFTsQ3 2022The Solana NFT market has collapsed, leading to a sharp decline in platform traffic.
The project has been closed.Q1 2023Commercialization proved difficult, funds were exhausted, and the platform was shut down.
June 2025crisis
The parent company, Step Finance, suffered a hacking attack.
The treasury of its parent company, Step Finance, was hacked, resulting in losses of approximately $27 million to $40 million, which directly impacted SolanaFloor’s operating funds.
September 2025crisis
SolanaFloor has suspended certain services temporarily.
Affected by the breakdown in its parent company’s funding stream, SolanaFloor was forced to suspend certain core data analysis services, leading to a decline in user base.
March 2026collapse
SolanaFloor officially announces its shutdown.
Unable to cover the losses incurred by its parent company, SolanaFloor officially announced the suspension of operations and closure of the project in 2026.
On-chain evidence
Attack transaction recordVulnerability exploitation attack
Key transaction records from the time the SolanaFloor protocol was attacked, showing how attackers exploited vulnerabilities to extract user assets from the protocol.
Asset losses
Attack vectorsContract vulnerability exploitationHackers stole protocol assets by exploiting security vulnerabilities.
Asset recovery ratesomeIt depends on on-chain tracking and law enforcement cooperation.
Not disclosedTotal Loss
Capital losses for investors~$2M57%
Loss in platform value~$1.5M43%
SolanaFloor suffered asset losses due to a security attack, with some of the funds potentially recoverable through on-chain tracking and law enforcement collaboration.
Revealing security risks associated with similar protocols：The security incident at SolanaFloor revealed potential architectural vulnerabilities that similar protocols might also share, prompting the industry to reevaluate and upgrade smart contract auditing standards, which resulted in a short-term decline in the TVL of related protocols.
A reversal in community sentiment
The data platform is operating smoothly and reliably.Users trust SolanaFloor’s data analysis capabilities and are unaware of the potential risks posed by its parent company.
The hacking attack has triggered panic among investors.Reports of a cyberattack on Step Finance have sparked concerns among users regarding the safety of their funds, leading to a sharp drop in platform traffic.
The shutdown decision has enraged the community.The platform officially announced it could no longer operate and shut down, prompting users to angrily accuse its parent company of poor risk management.
Ecological Reflection and ReconstructionThe community has shifted to other tools, as the industry begins to strengthen on-chain security audits and isolation mechanisms.
Emotional sentiment distribution
Warning and condemnation 65%Stay neutral and observe the market developments. 20%Defense support 15%
August 2022 SolanaFloor用户 (Solana NFT Analyst)：SolanaFloor is my primary tool for tracking the floor price of Solana NFTs. When a bear market hits and Solana NFTs suffer massive losses, this tool loses its relevance as well.
Legal proceedings
Under investigationSecurity incident
Security incident investigation and asset tracking
Following the security incident, the project team collaborated with on-chain security firms to analyze the attack vector, aiming to recover the stolen assets through exchange freezes and law enforcement partnerships. · On-chain security company · Globally · Under investigation
Following the security incident at SolanaFloor, the project team collaborated with on-chain security firms to trace the source of the attack, and efforts to recover the assets are still ongoing.
Lessons learned
1Beware of risks associated with parent company ties.
Sub-projects rely heavily on the parent company’s funding and reputation; should the parent company face a major security incident or financial crisis, the sub-projects are highly likely to be dragged down as well, necessitating the establishment of an independent risk isolation mechanism. 重点：Associated risks must be isolated.
2Enhance security measures for the treasury.
The project team must prioritize the security of their treasury by implementing measures such as multi-signature verification, cold storage, and regular audits to prevent costly attacks by hackers and ensure business continuity. 重点：Fund security is the cornerstone.
3Develop a business continuity plan.
In the face of sudden external shocks, the project should prepare contingency plans in advance, including backup funding pools and independent operation strategies, to ensure that essential services can continue or a orderly exit can be achieved even under extreme circumstances. 重点：The contingency plan ensures survival.
The key lessons and insights that can be drawn from this incident
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