Netrunner

Netrunner was a purpose-built cryptocurrency tax reporting platform for the Solana blockchain, founded in April 2022. Its core premise was that generic multi-chain tax tools, most of which were engineered for Ethereum, consistently failed Solana users: they mislabeled DeFi activity, missed token swaps, and could not handle the volume and variety of transactions common on Solana. Netrunner addressed that gap by building an ingestion and classification engine around Solana's transaction structure from the ground up.

What It Did

Users connected one or more Solana wallets to import their full transaction history. An AI recommendation engine then analyzed each transaction and assigned a tax label — swap, staking reward, LP deposit, airdrop, NFT sale, perpetual futures open/close, spam token receipt, and so on — along with a confidence score. Transactions the model flagged as uncertain were surfaced for manual review, reducing the volume of decisions users had to make while preserving accuracy. The platform then computed cost basis, capital gains, and income figures according to the tax rules of the user's selected jurisdiction and produced ready-to-file reports.

At the time of its final major release (February 2026), Netrunner supported 13 jurisdictions: the United States, Canada, the United Kingdom, Australia, Japan, Spain, Germany, Italy, India, Nigeria, Ireland, and New Zealand. For US filers the platform produced IRS Form 8949, Schedule D, and TurboTax-compatible export files. The February 2026 update also completed support for Form 1099-DA, which became mandatory in the 2026 tax year as the first year US exchanges were required to report digital asset sales to the IRS. Netrunner's value proposition was particularly relevant that year because 1099-DA covered only exchange-based trades, leaving a gap for all DeFi and on-chain activity that only wallet-level tracking could fill.

Protocol Coverage

Netrunner integrated with more than 46 Solana protocols. Named integrations included Jupiter (spot swaps and Jupiter Perps perpetual futures), Raydium, Orca, Meteora (DLMM and DAMM v2), Kamino, Tensor, Magic Eden, PumpFun, Titan Swap, and Flash Trade. The February 2026 release added full perpetuals trading support — open positions, close positions, partial closes, increase position, and liquidations — along with a dedicated perpetuals trading report. A "Whale Plan" tier was introduced for wallets with more than 100,000 transactions.

The platform also handled Solana-specific edge cases that tripped up generic tools: internal transfer detection, LP token fair market value calculation at entry and exit, carry-over cost basis ordering, and liquidation profit-and-loss. Users could import centralized exchange transaction history alongside their on-chain data to produce a single consolidated report.

Team and Partnerships

Netrunner was a small team. The project maintained an integration partnership with Solflare, one of the largest Solana wallets with over one million users at the time. It also sought endorsements from professional accountants through platforms like MyBookly to position itself as appropriate for both self-filers and clients working with tax professionals.

Shutdown

On April 20, 2026, Netrunner announced it would cease operations on April 30, 2026, citing an inability to sustain operations amid adverse market conditions. Users were directed to export their transaction data and download completed tax reports before the shutdown date. The final blog post on the platform was a guide to generating reports and exporting data. The platform had published its last feature release — the February 2026 update — only weeks before the announcement.

The shutdown came shortly after a significant product refresh that included a redesigned website, the AI recommendation engine, and expanded protocol support, suggesting the team was still actively developing the product up until commercial viability became untenable.

Solana Ecosystem Context

Netrunner occupied a niche that reflects the broader challenge of tax compliance on a high-throughput blockchain. Solana's sub-cent transaction fees and fast finality encourage frequent on-chain activity — memecoin trading, liquidity provision, yield farming, perpetuals — that creates complex tax obligations at a scale most tools were not built to handle. Netrunner was one of the few tools explicitly built for that context. Its shutdown leaves a gap for Solana-native tax reporting; as of mid-2026, the market for Solana-specific tax tooling remains underdeveloped relative to the network's transaction volume.