Step Group, a pioneering Solana-based company, announced the closure of its Step Finance dashboard, redirecting its focus to media and analytics platforms SolanaFloor and Remora. The decision, effective next month, is driven by declining DeFi activity and rising infrastructure costs. Step Finance, which launched in February 2021, once boasted 300,000 monthly active users. Users are advised to withdraw funds as the dashboard, APIs, and mobile app will cease operations.
Despite the shutdown, Step Group assures that no layoffs will occur, and the native token remains unaffected. Additionally, the company plans to launch Step Ventures, an investment arm targeting real-world opportunities, marking a strategic pivot in its business model.
Step Group Shuts Down Step Finance, Shifts to Media and Analytics
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