what's awaken tax?
Awaken Tax is a cryptocurrency tax software platform built for Web3 users, specializing in accurate and automated tax reporting for complex crypto activities. It supports DeFi transactions, NFTs, staking, liquidity provision, bridging, lending, and trades on centralized exchanges, eliminating the need for manual spreadsheets. The tool integrates with multiple blockchains like Solana and provides features for portfolio tracking and tax optimization, such as tax loss harvesting. It serves over 25,000 users managing more than $3 billion in on-chain assets, offering free support for certain chains and chains like Hyperliquid.
Awaken tax integrates HarvestNFTs for NFT tax loss harvesting with instant tax impact visualization.
Links
x.com/awakentaxIntegrated with HarvestNFTs to enable NFT tax loss harvesting with instant tax impact visualization.
Platform releases new features allowing users to set their own interpretation of taxable events, a capability not offered by other crypto tax providers.
Limited-time promotion provides free whale tier (premium level) access for all users.
Migration feature added for switching from competitor platforms including Koinly, CoinTracker, TokenTax, and CryptoTaxCalculator; full Hyperliquid support now available.
Gnosis Chain integration requires manual CSV upload rather than automatic synchronization.
Third-party analytics vendor Mixpanel suffers security breach compromising customer names and emails in targeted attack affecting multiple crypto companies, prompting removal of Mixpanel from systems and phishing warnings to users.
Nansen Points holders can now unlock perks on the platform.
CEX imports and portfolio features experience downtime due to AWS outage, while onchain integrations remain operational.
Product has spotty Hyperliquid perpetuals support and NFT tracking lacks sorting by value functionality.
Platform launches referral program offering $20 free credit for new users, indicating active user acquisition campaign.
Users report widespread recommendations to switch from competitor CoinTracker, indicating growing organic adoption and competitive market positioning through word-of-mouth.
Platform expanding to Shape L2 network.
Platform successfully processes complex DeFi transactions including vaults and LPs across multiple chains, outperforming competitor solutions.
Competitor halts development and endorses product superiority.
New partnership with Goldrush.dev enables support for 100+ EVM chains and decoded transaction tracking for over 100K wallets
Project demonstrates self-sustaining development funding capability
Product demonstrates enterprise-grade capability handling 1M+ transactions yearly, positioning for potential acquisition by major tax service providers.
New partnership with Fenwick & West law firm delivers LST tax guidance memo, while serving 10,000+ wallets
New feature launched enabling non-taxable LST swap toggles in tax reporting software.
Security Alert: Mass unauthorized email signups lead to ongoing phishing attempts targeting thousands of users.
$5,000 content creation contest launches with five $1,000 prizes available to all participants regardless of follower count.
Recent raise of ~300k USDC completed through Echo syndicates with automatic investment tagging integration.
New .SOL name integration launched with free Solana crypto tax services.