Pulsar Finance Integrates Solana into Portfolio Tracker, Supporting 100 Blockchains
Pulsar Finance, the multichain portfolio tracker, has recently incorporated Solana into its supported blockchains. This addition of Solana brings the total number of blockchains supported by the platform to 100.
In a statement regarding the integration, Eduardo Alves, the founder of Pulsar Finance, emphasized the increasing fragmentation of the Web3 space. Alves highlighted the critical necessity for a unified asset management solution as the industry diversifies.
One of the notable trends in the Solana ecosystem has been the rise of meme coins based on the network. Tokens like Dogwifhat experienced a significant surge in value, with a 400% increase in March. Similarly, Lucky Boo, a community-driven memecoin, swiftly sold out its initial presale round. As more meme coins emerge and projects migrate to Solana, effective portfolio management has become increasingly essential.
Alves underscored the challenges faced by users in managing assets across different ecosystems. He noted that existing solutions often cater exclusively to Solana or neglect its support entirely, creating a cumbersome asset management experience.
Pulsar Finance: A Comprehensive Asset Management Solution
Contrasting the narrow focus of some Solana portfolio trackers like Step Finance, Alves emphasized that Pulsar Finance stands out by fully accommodating Solana along with other ecosystems such as EVMs, Cosmos, SUI, and Near. This comprehensive support simplifies asset management for users, eradicating the need to navigate between multiple platforms.
In a bid to enhance user experience, Pulsar Finance offers its asset management features free of charge, thereby saving users valuable time and effort.
Terraform Acquisition and Integration
Established in 2021 and later acquired by Terraform Labs, Pulsar Finance has expanded its services significantly. The integration of the portfolio management tool into Terraform's cross-chain wallet and the amalgamation of its data services with Terraform's infrastructure tools mark notable milestones for the platform.
The integration of Solana into Pulsar Finance coincides with the cryptocurrency's remarkable market growth, which surged by 1,500% since the onset of 2023. Additionally, Solana witnessed an 80% surge in trading volume, reaching $5.5 billion on May 20. This surge propelled Solana's market capitalization to $80.5 billion, solidifying its position as the fifth-largest cryptocurrency in the market.
For more insights on Solana's recent developments and market trends, visit Crypto News.
