The Solana integration into Pulsar Finance is essential given the uniqueness in speed and low transaction rate of the SOL blockchain.
Pulsar Finance, a multi-chain portfolio tracker, has announced the addition of the Solana (SOL) blockchain to its platform. By integrating Solana, the platform aims to provide users with solutions for managing their assets across multiple chains, addressing the challenge posed by the fragmentation of the Web3 ecosystem.
Addressing Web3 Fragmentation with Comprehensive Portfolio Management
The cross-chain portfolio manager, founded in 2021 and later acquired by Terraform Labs in November 2023, has been leading the portfolio management system. With the addition of Solana, the platform can now track web3 assets across 113 blockchains, thereby providing users with a comprehensive solution for tracking their digital assets across multiple ecosystems.
In a post by Pulsar Finance co-founder Eduardo Alves, he explained that as the Web3 space gets more fragmented, it’s becoming difficult and time-consuming to track asset value, hence the need for an asset management solution like Pulsar Finance. In his words:
“Keeping up with your portfolio’s value using Spreadsheets and manual tracking is incredibly time-consuming. Luckily, our Portfolio Tracker fixes this – we’re the number one solution for Web3 asset management.”
To use this platform, users do not need to connect their wallets, as the team behind the solution is very concerned about customers’ privacy; they can simply add their Solana address or use their Solana Name Service.
Solana Integration: Enabling Tracking of a Rapidly Growing Ecosystem
The Solana integration into Pulsar Finance is essential given the uniqueness in speed and low transaction rate of the SOL blockchain compared to others. Also, the coin has been experiencing a surge in trading volume, which is also increasing its market capitalization and price. This has further propelled the coin to establish its position as the fifth largest cryptocurrency by market capitalization.
The rising metrics show the increased demand for Solana solutions and the long-term prospect of the SOL coin. Pulsar Finance’s integration of the blockchain is undoubtedly a game-changing addition to its services. The co-founder said:
“Solana has become an integral part of the multi-chain world due to its low transaction fees, lightning-fast execution, and amazing UX. This integration is a huge milestone in our mission of becoming the biggest portfolio tracker in the market.”
Expansion Plans: Aiming to Become the Biggest Portfolio Tracker
The multi-chain asset management co-founder further revealed that the company is currently working on adding another two major blockchains that are ‘incredibly hyped’ to its network. Alves stated that Pulsar Finance aims to become the biggest portfolio tracker in the market; hence, the integration of Solana into its system is the right step in the right order.
It is safe to say that as the blockchain and crypto space continues to become more fragmented, platforms like Pulsar Finance will play a significant role in helping users stay organized and making asset management easier for them.
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