Salmon vs Koinly

Overview

Salmon Salmon is an open-source, community-owned Solana wallet delivered as a browser extension, built with an emphasis on transparency and security. Its standout feature is transaction simulation, which pre... Koinly Koinly is a crypto tax reporting and portfolio management platform that supports Solana wallet imports, SPL token tracking, and DeFi activity categorization. It automatically calculates capital gains,...

Community Ratings

Salmon is rated higher by the MadeOnSol community with 4.5/5 stars across 2 reviews, compared to 4.0/5 for Koinly (2 reviews). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Salmon uses a free model, while Koinly is freemium. Salmon has the edge for users who want a no-cost solution, though Koinly's paid features may justify the investment for power users.

Key Features

Salmon offers 5 features including Open-source, community-owned Solana wallet browser extension, Transaction simulation to preview outcomes before signing, Full SPL token support, and 2 more. Koinly counters with 5 features including Automatic Solana wallet import and transaction categorization, Capital gains/loss calculation for SOL and SPL tokens, DeFi, staking, and airdrop income tracking, and 2 more. The right choice depends on which specific features matter for your use case — check the individual review pages for full breakdowns.

Reliability & Health

We monitor both tools around the clock for uptime, SSL validity, and response times. Salmon currently has a healthy health status with 100.0% uptime over the last 30 days. Koinly is rated healthy with 100.0% uptime. For any tool you trust with your funds, trades, or yield, uptime and speed are non-negotiable.

Strengths

Salmon's key strengths include open, auditable code lets users verify how keys are handled, transaction simulation helps catch malicious actions before signing, community-owned framing aligns incentives with users. Koinly stands out for most comprehensive solana defi tax coverage available, automatic transaction matching reduces manual work, multi-country tax report generation from one platform.