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The Solana Foundation<\/a> has introduced a set of measures to bolster its ecosystem security.<\/p>\n The new initiatives, announced<\/a> Monday (April 6), are being led by security firm Asymmetric Research<\/a> with funding from Solana.<\/p>\n \u201cSolana Foundation has a long history of dedicating resources to ensure that security services and tools are available to the ecosystem, and today\u2019s announcement further strengthens that commitment,\u201d the company said on its blog.<\/p>\n The foundation noted that many of the protocols on its blockchain<\/a>, some of them managing billions in value, have spent years reinforcing their security. In the meantime, \u201cadversaries are rapidly innovating,\u201d the blog post added.<\/p>\n To counter this, Solana is introducing new initiatives like STRIDE (Solana Trust, Resilience and Infrastructure for DeFi Enterprises), designed to monitor and evaluate security in Solana projects. Asymmetric will independently evaluate projects using its own security framework, the blog post said, with evaluation results publicly available to users and investors.<\/p>\n We\u2019d love to be your preferred source for news<\/a>.<\/p>\n Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n As an incentive, protocols with more than $10 million in total locked value (TVL) that pass the evaluation will get ongoing operations security support and active threat monitoring, funded by Solana. Protocols with upwards of $100 million in TVL will get the opportunity for additional formal verification tools for smart contracts.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n Also announced was the Solana Incident Response Network (SIRN), aimed at responding to security incidents as they happen.<\/p>\n \u201cSIRN is a dedicated, membership-based network of security firms and researchers focused on protecting the Solana ecosystem,\u201d the blog post said, adding that this is \u201cavailable to all Solana protocols, but prioritized based on TVL.\u201d<\/p>\n The announcement comes days after reports that Solana-based decentralized cryptocurrency exchange Drift had suffered an exploit that resulted in theft of $285 million<\/a> in digital assets. A report by Bloomberg News said that the amount of cryptocurrencies involved, as calculated by blockchain data analysts, could make this one of the largest hacks in crypto\u2019s history.<\/p>\n In related news, PYMNTS wrote last week about Chainalysis<\/a>\u2018 launch of blockchain intelligence agents designed for fraud prevention<\/a>.<\/p>\n This offering indicates that the industry\u2019s response to AI-driven crypto fraud and bot attacks is one that must ultimately be symmetrical, that report said.<\/p>\n