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As the adoption of blockchain technology gains popularity, it becomes increasingly important to ensure the space is secure. A wide range of industries has started to use smart contracts for various applications and financial services.
Some of the great features of smart contracts are the immutability and transparency that they offer. However, there have been numerous instances in which weaknesses have been present in smart contracts.
Solidity Finance is a distinguished team of auditors and has a robust methodology to assess smart contracts. Our review will look more closely into the company and share information about the methods they use while assisting project teams with their services.
About Solidity Finance
Many project teams know Solidity Finance is a top smart contract auditing company that has been in the space since 2020 and can handle projects of different sizes and scopes.
To date, more than 1,300 project teams have used Solidity Finance’s services for their smart contracts. More impressively, the company was the second-largest auditing company by volume in 2021, and is on pace to complete even more work for this year.
Solidity Finance’s services are “chain-agnostic” which means they can conduct audits for projects spanning a variety of networks:
- Binance Smart Chain
- Harmony One
- Huobi Eco
- Any other EVM-compatible chain
The company conducts a rigorous manual code review for each project they review. Furthermore, their auditors have regular team meetings and peer reviews to address any concerns throughout their analysis.
The Robust Smart Contract Audit Methodology
Solidity Finance’s website includes a breakdown of its process, beginning with an automated testing phase.
During the automated testing phase, the auditors use their own proprietary tools to execute a series of tests that give immediate feedback on areas in the code that require careful attention and further evaluation.
Afterward, the auditors proceed with a line-by-line manual review in order to ensure that the logic of each function, especially areas which are performing a value exchange, are secured properly. Performing this step in the Solidity Audit® process is a fundamental and time-consuming operation. Automated tools frequently miss the subtleties that lead to the vulnerabilities a hacker can exploit.
After compiling a list of findings and constructing detailed exploit scenarios, Solidity Finance engages with the client to solve the issues that were spotted during the review. This phase requires full collaboration from the development team to obtain a passing Solidity Audit report.
The Previous Audit Reports
The team boasts the completed audit of over 1,300 projects, corresponding to a value of more than $10 billion. Solidity Finance’s website has a “Featured Audits” section where anyone can see a sample of the company’s completed reviews.
Here you will find the reports for some recent clients:
You can always view additional smart contract audits by visiting their website.
A Few Words About the Project’s Partners
Solidity Finance has also partnered with various firms throughout the blockchain space in an effort to provide their clients with options for quality service for their other blockchain needs. On their website, you can find their partnered launchpads, KYC providers, and more. Solidity Finance can also connect project teams with centralized exchanges, legal consultation services, and front-end website security specialists.
Solidity Finance is a preferred auditor on several trusted launchpads including Unicrypt, PinkSale, and DxSale. This is crucial as project teams will need to use a preferred auditor like Solidity Finance in order to host an audited ICO on one of these platforms. Additionally, project teams may need to KYC in order to participate as well. Luckily, Solidity Finance can help with that through their KYC partner, KYC Capital. As an added benefit, clients of Solidity Finance will receive a discount if they choose to use KYC Capital for their KYC needs.
Solidity Finance Team and Expansion Plans
Solidity Finance employs industry experts in order to provide quality services to their clients. Since the firm’s founding in 2020, Solidity Finance has grown exponentially and has expanded its offerings beyond providing audits. Their team of highly capable engineers also offers smart contract development services.
The Solidity Finance team also informed us of their exciting projects that are reaching their final stages of internal development. In the coming months, the team plans to offer decentralized data solutions to clients through which they will be able to serve reliable, decentralized, and tamper-resistant data to clients at an affordable price. In addition, the company is working on a full website redesign that will present new and interactive features to enhance the user experience.
Solidity Finance operates in one of the blockchain businesses that is becoming more and more important for the industry – ensuring a smart contract lacks dangerous loopholes that any ill-intentioned person can exploit.
Not only can the company audit any type of platform ranging from tokens, NFTs, and complex financial protocols and strategies, but they also offer some of the fastest turnaround times in the industry as well.
Throughout Solidity Finance’s 1300+ reports, which are available for viewing on their website, they have uncovered numerous exploits ranging from reentrancy, oracle manipulation, flash loan exploitation, and other logical issues within the smart contracts.