How Crypto Users Can Track their Portfolios Real-time; CoinStats Vs Zapper

Cryptocurrencies have now been around for over a decade, touting close to $2 trillion in total market cap as of writing. However, many investors in this nascent niche still struggle to track their portfolios in real-time. This is because of the fragmented nature of the ecosystem, which divides crypto services into two categories; centralized and decentralized. 

Currently, most people hold their crypto assets on centralized exchanges such as Binance, FTX and Coinbase. While these platforms can easily show one’s net worth, it becomes more difficult in the case where an investor has spread out their positions across several exchanges. The same applies to funds held in different non-custodial wallets such as Metamask and Trezor. 

Luckily, the shortcomings in crypto portfolio tracking are being addressed by upcoming projects such as Coinstats and Zapper. These two platforms enable crypto users to seamlessly track their portfolios, amongst other functions such as earning vaults and farming incentives. 

While both ecosystems are designed to offer a similar service, Coinstats and Zapper differ to some extent. Most notably, CoinStats enables crypto users to connect with both centralized and decentralized platforms; on the other hand, Zapper only focuses on DeFi protocols. 

• CoinStats

CoinStats is a leading crypto portfolio management and DeFi wallet app that allows users to synchronize and track their portfolios within a single app. Ideally, one can automatically manage their crypto funds in real-time through this application. Founded in 2017, CoinStats has grown to over 1.2 million active users, helping manage over $50 billion worth of crypto funds. 

As mentioned earlier, this crypto portfolio tracker is compatible with centralized and decentralized platforms. Crypto users looking to track their assets can connect with over 300 exchanges, featuring popular digital assets such as Bitcoin, Ethereum and other altcoins that are making headlines. 

Besides consolidating one’s portfolio within a single screen, CoinStats provides additional functionalities, including coin research and news alerts. These features enable users to track the latest crypto trends, access analytical data and extensive crypto charts that lead to informed decision-making. 

In the future, CoinStats is set to launch a rewards program that will incentivize both new and existing users. The platform will also debut a DeFi launchpad and earning vaults, enabling users to reap the benefits of decentralized markets. 

• Zapper

Zapper is another crypto portfolio tracker whose focus is to enable Web 3.0 users to track their positions and market trends. This platform touts itself as a gateway to the DeFi and NFT market ecosystems. As it stands, Zapper supports over 244 DeFi platforms while over $11 billion has been invested through the platform. 

Some of the functions that DeFi users can access on Zapper include the primary portfolio tracker, token swapping and access to DeFi investment opportunities (save, pool, farm & vaults). It is also noteworthy that Zapper allows users to bridge tokens between several smart contract blockchains, including Ethereum, Fantom and Binance Smart Chain (BSC). 

Notably, DeFi users can also track their NFTs and historical transactions on Zapper. However, the platform is yet to integrate its ecosystem with centralized crypto platforms. A downside for users whose funds are stored on custodial wallets run by crypto exchanges, which today hold most of the crypto market net worth. 

Wrap Up

Though compared to the wild west, the crypto market is a sea of opportunities. Today, we have countries such as El Salvador that have adopted Bitcoin as legal tender while many others are considering to follow a similar path. Should digital assets take centre stage in financial markets, it is a no-brainer that most people will have exposure to cryptocurrencies. 

Ultimately, portfolio tracking applications will play a major role in the mainstream adoption of crypto assets. CoinStats and Zapper are already setting this stage, not to mention that the former is compatible with traditional finance ecosystems. Thanks to these innovations, crypto users no longer have to worry about tracking multiple wallets from a single application.