Pulsar Finance, a multichain portfolio tracker, recently expanded its range of supported blockchains by incorporating Solana into its platform.
This addition means that Pulsar Finance now accommodates a total of 100 blockchains, reflecting the platform’s commitment to inclusivity and versatility within the rapidly evolving Web3 space.
Founder Eduardo Alves emphasized the growing importance of a unified asset management solution as the Web3 landscape becomes more fragmented.
This development coincides with the rising prominence of Solana-based meme coins, which have seen substantial price surges and heightened attention in recent times.
Take, for example, the meteoric rise of Dogwifhat, which experienced a 400% surge in March. Similarly, Lucky Boo, another memecoin driven by community enthusiasm, managed to sell out its initial presale round within a matter of hours. This surge in activity, coupled with the launch of several other memecoins and projects migrating to Solana, has underscored the pressing need for efficient portfolio management tools.
Alves highlighted the current challenges faced by investors, noting that existing solutions are often limited in their scope. Some platforms exclusively cater to Solana, while others do not support it at all, resulting in a fragmented approach to asset management.
“Solana-specific portfolio trackers like Step Finance occupy a niche market, focusing solely on Solana,” Alves explained. He further noted, “The major players in the portfolio tracking space, such as DeBank and Zerion, are tailored for EVM-compatible chains and do not integrate seamlessly with Solana.”
Take, for example, the meteoric rise of Dogwifhat, which experienced a 400% surge in March. Similarly, Lucky Boo, another memecoin driven by community enthusiasm, managed to sell out its initial presale round within a matter of hours. This surge in activity, coupled with the launch of several other memecoins and projects migrating to Solana, has underscored the pressing need for efficient portfolio management tools.
Alves highlighted the current challenges faced by investors, noting that existing solutions are often limited in their scope. Some platforms exclusively cater to Solana, while others do not support it at all, resulting in a fragmented approach to asset management.
“Solana-specific portfolio trackers like Step Finance occupy a niche market, focusing solely on Solana,” Alves explained. He further noted, “The major players in the portfolio tracking space, such as DeBank and Zerion, are tailored for EVM-compatible chains and do not integrate seamlessly with Solana.”
On May 20, the token experienced a notable 80% increase in trading volume, reaching $5.5 billion. This surge contributed to its market capitalization rising to $80.5 billion, solidifying its standing as the fifth-largest cryptocurrency.
0 Comments