Solana Joins Terraform’s Pulsar Finance Multichain Portfolio Tracker
Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains. This integration marks a significant milestone, with the platform now supporting 100 blockchains, enhancing its appeal to a broader range of users in the fragmented Web3 space.
Critical Need for Unified Asset Management
“As the Web3 space becomes more fragmented, the need for a unified asset management solution becomes critical,” said Eduardo Alves, founder of Pulsar Finance. The addition of them comes at a crucial time when Solana-based meme coins are gaining significant traction, with tokens like Dogwifhat and Lucky Boo experiencing massive price surges and high demand during presales.
Solana’s Growing Popularity and Challenges
Solana has been under the spotlight recently, with several projects migrating to the network and launching new tokens. This growth has highlighted the need for efficient portfolio management solutions. Alves pointed out that existing solutions either exclusively support them or do not support it at all, making asset management cumbersome for users.
“Solana Portfolio Trackers like Step Finance are very niche and only support Solana,” Alves noted. He added that “the biggest Portfolio Trackers in the market like DeBank and Zerion don’t work on them as they support only EVMs.”
Comprehensive Support Across Ecosystems
Pulsar Finance’s integration of Solana means it now fully supports them along with other ecosystems such as EVMs, Cosmos, SUI, and Near. This eliminates the need for users to juggle multiple platforms, significantly streamlining asset management.
“We are saving users countless hours by streamlining their asset management, all for free,” Alves remarked.
Pulsar Finance’s Evolution and Expansion
Founded in 2021 and acquired by Terraform Labs in late 2023, Pulsar Finance has continuously expanded its offerings. The portfolio management tool is now integrated into Terraform’s cross-chain wallet, and its data services are merged with Terraform’s infrastructure tools. This strategic growth ensures users have access to a robust and comprehensive asset management solution.
Solana’s Market Surge
The integration of them comes on the heels of the cryptocurrency’s recent surge in market value, which has grown by 1,500% since the start of 2023. Them also saw an 80% surge in its trading volume to $5.5 billion on May 20, pushing its market capitalization to $80.5 billion and cementing its position as the fifth-largest cryptocurrency.
The addition of Solana to Pulsar Finance’s multichain portfolio tracker underscores the platform’s commitment to providing a comprehensive, user-friendly solution in the ever-evolving Web3 landscape.
