Solana joins Terraform’s Pulsar Finance multichain portfolio tracker

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As a crypto investor with experience in managing a diverse portfolio across multiple blockchains, I’m thrilled about Pulsar Finance’s recent addition of Solana to their list of supported blockchains. With this integration, Pulsar Finance is now offering a unified asset management solution for the fragmented Web3 space.

Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains.

With the Solana integration, the platform now supports 100 blockchains.

“With the growing complexity of the Web3 domain, having a single asset management solution is increasingly essential, according to Eduardo Alves, founder of Pulsar Finance, in an interview with crypto.news.”

As a researcher studying the cryptocurrency market, I’ve noticed that meme coins built on the Solana blockchain have recently gained significant attention. Several of these tokens have experienced impressive price jumps.

For example, Dogwifhat experienced a 400% increase in March, contrastingly, Lucky Boo sold out its initial presale in just a few hours. As more memecoins emerge and existing projects move to the network, there is an increasing demand for proficient portfolio management.

Alves highlighted the issue that current approaches only back Solana or fail to support it altogether, leading to complicated asset management processes.

Expert: “Step Finance and other Solana Portfolio Trackers stand out for being specialized in the Solana blockchain. Notably, popular trackers such as DeBank and Zerion do not currently support Solana; they focus exclusively on Ethereum Virtual Machines (EVMs).”

Pulsar Finance is capable of working seamlessly with Solana, in addition to other platforms like Ethereum Virtual Machines (EVMs), Cosmos, SUI, and Near. Consequently, users can manage all their transactions from a single location.

“Alves noted that we’re helping users save a significant amount of time by simplifying their asset management process at no cost.”

Established in 2021 and subsequently acquired by Terraform Labs towards the end of 2023, Pulsar Finance has broadened its range of services. The portfolio management tool from Pulsar Finance is now seamlessly incorporated into Terraform’s multichain wallet. Additionally, the data services provided by Pulsar Finance have been combined with Terraform’s infrastructure tools.

As a researcher exploring the latest developments in the crypto space, I’m excited to announce that we’ve made significant progress with our Solana integration. This integration follows closely on the heels of Solana’s remarkable growth in market value over the past few months. In fact, since the beginning of 2023, its value has increased by an impressive 1,500%.

I observed a significant increase of 80% in the trading volume of the token, reaching a staggering $5.5 billion on May 20th. Consequently, this surge propelled its market capitalization to a noteworthy $80.5 billion, thereby securing its standing as the fifth-largest cryptocurrency in the market.

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2024-05-29 11:12