Jito Foundation announced on March 9, 2026, the acquisition of SolanaFloor, a platform providing news and analytics for the Solana blockchain ecosystem. The deal follows SolanaFloor’s shutdown in February 2026, triggered by an exploit at its prior parent company, Step Finance. SolanaFloor stated it will resume operations under Jito ownership with editorial decisions kept separate from the foundation’s business activities.
Company History
SolanaFloor began operations in 2021 as an analytics service tracking non-fungible token activity on Solana. Step Finance, a portfolio management tool for decentralized finance users on the network, bought the platform in July 2022.
The acquisition coincided with reduced trading in Solana NFTs, prompting SolanaFloor to expand into news reporting and data tools. By 2025, it covered events including the Solana Crossroads conference in Istanbul and Breakpoint in Abu Dhabi, alongside newsletters and a tracker for spot Solana exchange-traded funds.
Step Finance ceased activities after losing $27 million in an exploit, which also ended SolanaFloor’s run under that ownership. The platform cited unsuccessful efforts to find alternative funding before the Jito deal.
Acquiring Entity
Jito Foundation maintains software for Solana validators, focusing on transaction bundle processing and a liquid staking service that distributes JitoSOL tokens to participants. President Brian Smith described the purchase as a step to restore ecosystem information, noting SolanaFloor’s prior role in onchain reporting.
SolanaFloor Head of Communications Mia Grodsky said the platform’s approach to coverage, including data presentation and topic selection, will not change. The announcement indicated forthcoming updates on staffing, revenue streams, and internal organization.
Sector Trends
Spot Solana ETFs reached over $1 billion in assets under management by early 2026, signaling increased institutional exposure to the token. Solana’s DeFi sector recorded $6.7 billion in total value locked, amid new protocol launches and integrations.
Crypto media outlets have faced funding pressures, leading to closures or buyouts by protocols. These developments reflect a broader consolidation trend across the industry, similar to other notable deals such as when Bitcoin Depot acquired Kutt an acquisition often summarized in industry coverage as Bitcoin Depot Acquires Kutt. Such transactions illustrate how companies across the digital asset ecosystem are expanding their services through targeted acquisitions.
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