Solana Foundation looks to beef up DeFi security as attacks continue

The Solana Foundation and Asymmetric Research launched STRIDE, a real-time incident-response network, to address ongoing security vulnerabilities in Solana-based DeFi protocols. The initiative targets exploits in smart contracts and decentralized applications, affecting Solana's ecosystem of over 2,000 dApps, with potential financial losses exceeding $200M in past exploits.

The Solana Foundation and Web3 security firm Asymmetric Research unveiled a new security initiative called STRIDE, along with a real-time incident-response network.