Multichain portfolio tracker Pulsar Finance has announced the addition of Solana to its list of supported blockchains. With this integration, the platform now supports a total of 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.
Solana-based meme coins have gained attention recently, with several tokens experiencing significant price increases. For example, Dogwifhat rose by 400% in March, while Lucky Boo, another community-driven memecoin, sold out its first presale round in just hours. With numerous memecoins being launched and various projects migrating to the network, the demand for effective portfolio management has grown.
Alves highlighted that existing solutions either exclusively support Solana or do not support it at all, complicating asset management for users. βSolana Portfolio Trackers like Step Finance are very niche and only support Solana,β Alves noted, adding that βthe biggest Portfolio Trackers in the market like DeBank and Zerion donβt work on Solana as they support only EVMs.β
He emphasized that Pulsar Finance fully supports Solana along with other ecosystems such as EVMs, Cosmos, SUI, and Near. This comprehensive support means users no longer 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 Terraformβs cross-chain wallet, and its data services are merged with Terraformβs infrastructure tools.
The Solana integration follows the cryptocurrencyβs recent surge in market value, growing by 1,500% since the start of 2023. The token also saw an 80% increase in its trading volume to $5.5 billion on May 20, pushing its market capitalization to $80.5 billion and establishing its position as the fifth-largest cryptocurrency.
For more updates and detailed insights into the world of cryptocurrencies, investing, and finance, explore more news on Global Crypto News.