Pulsar Finance Embraces Solana for Efficient Asset Management
Pulsar Finance, a versatile portfolio tracker that supports multiple blockchains, has recently added Solana to its list of supported networks. This addition brings the total number of blockchains supported by Pulsar Finance to an impressive 100. With the rapid fragmentation of the Web3 ecosystem, the platform aims to provide a comprehensive asset management solution.
Eduardo Alves, the founder of Pulsar Finance, has emphasized the importance of having a unified asset management solution in the evolving Web3 space. He pointed out that many existing solutions either exclusively support Solana or completely overlook it, making asset management for users more complicated.
Alves also highlighted the limitations of existing Solana portfolio trackers, such as Step Finance, which solely focus on Solana. On the other hand, 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 along with other ecosystems like EVMs, Cosmos, SUI, and Near.
The integration of Solana into Pulsar Finance aims to streamline asset management for users, enabling them to manage their portfolios across multiple platforms without the hassle of using different tools. Alves noted that Pulsar Finance offers this service for free, potentially saving users significant time and effort.
This integration comes at a time when Solana-based meme coins are gaining popularity. Tokens like Dogwifhat and Lucky Boo have experienced significant price increases and strong community engagement. Dogwifhat saw a staggering 400% surge in March, and Lucky Boo’s first presale round sold out within hours.
The growing activity in Solana-based projects has emphasized the need for effective portfolio management tools to handle the increasing diversity of assets within the Solana ecosystem. Pulsar Finance’s support for Solana aims to meet this demand, providing users with a more cohesive and efficient way to manage their investments.
Additionally, Pulsar Finance has expanded its offerings through integration with Terraform Labs. Established in 2021 and acquired by Terraform Labs in late 2023, Pulsar Finance’s portfolio management tool is now integrated into Terraform’s cross-chain wallet, and its data services are merged with Terraform’s infrastructure tools.
The integration of Solana into Pulsar Finance coincides with a significant increase in the cryptocurrency’s market value. Since early 2023, Solana’s value has grown by an impressive 1,500%. On May 20, Solana’s trading volume surged by 80% to reach $5.5 billion, resulting in a market capitalization of $80.5 billion and solidifying its position as the fifth-largest cryptocurrency.
