This valuation establishes SolanaFM as one of the many promising crypto startups in Singapore’s crypto space. The latest round of funding is led by Coinhako and Etherscan and we are pleased to have them on board, contributing their unique expertise in an advisory role.
SolanaFM CEO, Nicholas Chen, said: “We were presented with multiple offers from other VCs and big players, but we decided to run with Etherscan and Coinhako because of their strong presence in the crypto space, similar line of business and clientele to SolanaFM and their mastery in crypto and business expansion.”
Presently, users such as investors, developers and data analysts are faced with the troubles of accessing raw Solana data as it is extremely hard and expensive. Current Solana block explorers have limited functions and do not offer users the ability to analyse the Solana blockchain in depth due to their limited API calls. This is where SolanaFM steps in to fill the lacuna. Our technical infrastructure supports and stores data in an efficient way to scale forward with data. Our indexer also provide dynamic APIs that offer greater flexibility in retrieving multiple chunks of data easily and with our integrated GraphQL layer, the data is better reflected visually on our front end dashboard. Furthermore, in line with our vision to provide greater accessibility to Solana data, we go beyond and bear the cost of storing the data to make our services affordable.
We are excited to be working with professional representatives from Coinhako and Etherscan as we work towards developing our key technologies and strengthening our core services to ensure Solana’s data can be easily accessible to everyone.
About Etherscan
Founded in 2015, Etherscan is the leading block explorer for the Ethereum blockchain which serves to facilitate blockchain transparency. It can be used as a search engine that allows users to validate and verify transactions on the Ethereum decentralized smart contracts platform. Users can also access Etherscan’s API database to build decentralized applications or use it as data feeds. Today, Etherscan is one of (if not) the most reliable and popular block explorers for Ethereum.
About Coinhako
Founded in 2014, Coinhako is the leading platform for access to digital assets in Singapore, where it currently hosts more than 300,000 registered users. Established by industry experts Yusho Liu and Gerry Eng, Coinhako aims to provide seamless access to the crypto-economy in the Asia Pacific region, and the firm is backed by prominent investors such as Tim Draper, Boost VC, Jump Capital, and SBI holdings.
What’s next for SolanaFM?
We will be further developing our indexer by introducing more functions to provide better speed and security as we look to improve and perfect our services for our users. Additionally, we will be hosting a hackathon in Q2 2022 as part of our initiative to generate new creative ideas for our projects so stay tuned for that! For the latest updates, follow us on Twitter.