Solflare vs Koinly

Overview

Solflare Solflare is the original Solana wallet, having launched alongside the Solana mainnet in 2020. As a Solana-native wallet, it offers deep integration with Solana's unique features and remains a popular... 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

Solflare is rated higher by the MadeOnSol community with 4.7/5 stars across 3 reviews, compared to 4.0/5 for Koinly (1 review). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Solflare uses a free model — Free to use. Built-in swap has small transaction fees. Staking is free with standard validator commission., while Koinly is freemium. Solflare 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

Solflare offers 8 features including Browser extension and mobile app with built-in dApp browser, Advanced SOL staking with detailed validator comparison and metrics, MetaMask Snaps integration for accessing Solana through MetaMask, and 5 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. Solflare 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

Solflare's key strengths include solana-native wallet with the deepest integration of solana-specific features, best-in-class staking interface with comprehensive validator analytics, metamask snaps support bridges ethereum and solana user bases.