Solana News Today: Step Finance Launches Mobile Wallet to Streamline Solana DeFi Engagement

Step Finance, an OG portfolio tracker and data provider for the Solana blockchain, has entered the mobile wallet space with the launch of Step Wallet. This new product builds on the company’s four-year history of tracking user positions across the Solana network, offering a 360-degree view of holdings and DeFi positions within a single interface. The wallet is designed to streamline user interaction with Solana’s decentralized finance (DeFi) ecosystem by integrating "Dialect’s Blinks," a blockchain operation framework that allows users to engage with DeFi protocols like Kamino without leaving the app [1].

One of the wallet’s standout features is the “Earn” tab, which enables users to directly deposit assets into Solana’s DeFi applications from within the wallet UI. This functionality abstracts the complexity of DeFi while maintaining access to high-yield opportunities, making it particularly appealing to newcomers. Dialect founder Chris Osborn expressed enthusiasm for the integration, noting that embedding on-chain actions via API significantly reduces engineering overhead and enhances user retention and engagement. He emphasized that in-app operations eliminate redirection, drop-offs, and friction, leading to higher participation and revenue [1].

George Harrap, co-founder of Step Finance, stated that the wallet is a natural evolution from the company’s initial role as Solana’s first portfolio tracker. The wallet not only allows users to track multiple wallets and view real-time performance of staked and yield-generating assets but also includes news alerts powered by SolanaFloor, keeping users informed about developments on the network [1].

The wallet is now available on both iOS and Android platforms and marks another step in Step Finance’s broader product expansion. Following the 2021 launch of its portfolio tracking service, the company has since added offerings such as Solana Allstars (a major crypto event platform), SolanaFloor (a leading local news media on Solana), and Solana Crossroads (a community-led conference). Upcoming additions include Remora Markets, a platform for real-world-asset (RWA) investments in tokenized shares of major companies like Tesla and Nvidia [1].

Step Finance’s ecosystem is unified by its native token, $STEP. The company allocates 100% of post-operational protocol revenue toward open market repurchases of $STEP, one of the most efficient buyback programs on Solana. In July, Step Finance spent $1.56 million to buy back tokens, representing 0.70% of the circulating supply [1].

Source: [1] Step Finance Launches Wallet Leveraging Blinks for One-Click Earning (https://solanafloor.com/zh/news/step-finance-launches-wallet-leveraging-blinks-for-one-click-earning)