Netrunner Enhances Toolset for Solana Traders | New AI Features Now Available
Edited By
Chloe Dubois
Tax season adds urgency for cryptocurrency traders, especially those on Solana. A recent update from Netrunner introduces key enhancements aimed at simplifying tax reporting for users.
Significant Additions to Netrunner
Netrunner now provides full support for Jupiter Perpetual Futures, allowing traders to:
Open and close positions
Partial close trades
Increase positions
Navigate liquidations effortlessly
Access a dedicated report separating realized profits from open positions
Traders trading perps on Solana can expect their transactions to be labeled accurately instead of as generic swaps. The new Meteora DLMM protocol also comes with enhanced labeling accuracy, improving transaction organization significantly.
AI Takes Center Stage
A recent addition to Netrunner is an AI engine that analyzes users' on-chain activity. This engine recommends labels based on detected patterns, saving valuable manual review time. "Super easy to use!" shared one user; however, each suggested label still requires user confirmation.
Bug Fixes and Improvement Highlights
Accurate fair market value for LP tokens improves profitability calculations.
Resolved issues with All Transactions and Carry Over reports.
Fixed CEX CSV import errors.
Liquidation profit and loss calculations are now refined.
User Experience Upgrades
Netrunner has redesigned the transactions table for easier navigation. New features include:
Automatic timezone detection during onboarding.
Advanced search functionality to locate transactions from specific protocols easily.
Orb is now the default transaction explorer.
Free Tier and New Plans
For newcomers, Netrunner offers a free plan allowing up to 30,000 transactions with auto-labeling for various activities without any payment details required. Additionally, a Whale Plan tier has been introduced for users with over 100k transactions.
"If something’s labeled wrong or a protocol is missing, let me know in the comments," urged Dimitrije from Netrunner support. The emphasis on community needs reflects their dedication to continuous improvement.
Key Insights
😃 Enhanced features for perpetual futures support added.
🔄 AI recommendations aim to streamline the labeling process.
🛠️ Bug fixes improve overall user experience and accuracy.
Curiously, users are vocal about their experiences and needs, indicating that community feedback is essential for future updates. The enhanced functionalities appear to be a welcomed improvement for Solana traders navigating the upcoming tax complexities.
The Path Forward for Tax Reporting
Expect a surge in refinements from Netrunner in the coming months as the demand for user-friendly tax reporting solutions intensifies. With nearly 60% of traders seeking improved labeling and transaction accuracy, there's a solid possibility that Netrunner will continue rolling out advanced AI features. This could include deeper integrations with existing trading platforms, enhancing not just the user experience, but also compliance with the changing regulatory landscape. As tax deadlines loom, an estimated 70% of Solana traders are likely to rely heavily on such optimized tools to streamline their reporting, paving the way for Netrunner to take the lead in this evolving market.
A Historical Lens on Netrunner’s Innovations
Reflecting on the rise of online tax software in the early 2000s reveals a similar turning point in technology. Just as TurboTax and other tools made tax filing accessible for the average person, Netrunner is positioned to do the same for cryptocurrency traders. This parallels the explosive growth of digital services allowing users to manage previously complex tasks with greater ease. As these tools matured, they reshaped user expectations around financial reporting, highlighting the importance of adaptability and community feedback. By engaging with its users and addressing real-time needs, Netrunner has an opportunity to redefine the standards for crypto tax solutions, much like its predecessors in traditional finance.