crypto.news
Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains.
With the Solana integration, the platform now supports 100 blockchains.
“As the Web3 space becomes more fragmented, the need for a unified asset management solution becomes critical,” said Eduardo Alves, founder of Pulsar Finance, told crypto.news.
Solana-based meme coins have been under the spotlight lately, with several tokens witnessing massive surges in prices.
For instance, Dogwifhat rose by 400% in March, while Lucky Boo, another community-driven memecoin, sold out its first presale round in mere hours. With several other memecoins being launched and several projects migrating to the network, there has been a growing need for effective portfolio management.
Alves pointed out that existing solutions either exclusively support Solana or don’t support it at all, making asset management cumbersome.
“Solana Portfolio Trackers like Step Finance are very niche and only support Solana,” Alves noted, adding that “the biggest Portfolio Trackers in the market like DeBank and Zerion don’t work on Solana as they support only EVMs.”
He pointed out that Pulsar Finance fully supports Solana along with other ecosystems such as EVMs, Cosmos, SUI, and Near. This means users don’t have to juggle multiple platforms.
“We are saving users countless hours by streamlining their asset management, all for free,” Alves remarked.
Founded in 2021 and acquired by Terraform Labs in late 2023, Pulsar Finance has 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
The Solana integration comes on the heels of the cryptocurrency’s recent surge in market value, growing by 1,500% since the start of 2023.
The token 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.