Pulsar Finance, a multichain portfolio tracker, has integrated Solana into its list of supported blockchains.
Meanwhile, this addition brings Pulsar Finance’s total number of supported blockchains to 100. The platform aims to provide a comprehensive asset management solution as the Web3 ecosystem becomes increasingly fragmented.
Eduardo Alves, the founder of Pulsar Finance, emphasized the need for a unified asset management solution in the evolving Web3 space. He highlighted that many existing solutions either exclusively support Solana or omit it altogether, complicating user asset management.
Alves pointed out the limitations of current Solana portfolio trackers like Step Finance, which only support Solana. Conversely, major portfolio trackers like DeBank and Zerion do not support Solana, as they are limited to Ethereum Virtual Machines (EVMs). Pulsar Finance, however, fully supports Solana alongside other ecosystems, including EVMs, Cosmos, SUI, and Near.
Moreover, this integration aims to streamline asset management, allowing users to manage their portfolios across multiple platforms without juggling different tools. Alves noted that Pulsar Finance offers this service for free, potentially saving users time and effort.
Growing Popularity of Solana-Based Meme Coins
The integration of Solana into Pulsar Finance comes amid a surge in interest in Solana-based meme coins. Tokens such as Dogwifhat and Lucky Boo have seen substantial price increases and strong community engagement. Dogwifhat experienced a 400% rise in March, while Lucky Boo sold out its first presale round in a matter of hours.
This increased activity in Solana-based projects has underscored the need for effective portfolio management tools to handle the growing diversity of assets within the Solana ecosystem. Pulsar Finance’s support for Solana aims to meet this demand, providing users a more cohesive and efficient way to manage their investments.
Integration with Terraform Labs
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 coincides with a notable increase in the cryptocurrency’s market value, which has grown by 1,500% since early 2023. On May 20, Solana’s trading volume surged by 80% to $5.5 billion, raising its market capitalization to $80.5 billion and securing its position as the fifth-largest cryptocurrency.
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