Leading Source for Multichain Cryptocurrency Portfolio | Posted by Eugene Nnamdi | Coins | January 2024

As investors diversify their investments by holding multiple assets on different blockchain networks, they need a data-driven portfolio to compare, manage, and oversee their cryptocurrency assets.

In this article, we will learn more about what a multi-chain crypto portfolio means, the importance of top data sources, their validity and reliability, how they are used, their sources, and comparisons between the mentioned sources.

Note: This guide is provided for educational purposes only and does not constitute investment advice. It provides insight into multi-chain crypto portfolio data sources, helping those seeking diversified investments across different blockchains.

A multi-chain crypto portfolio is a collection of various crypto assets spanning across multiple blockchain networks. The strategy aims to mitigate risks and maximize opportunities by investing in tokens and assets from various blockchain ecosystems.

For example, a cryptocurrency investor may have a cryptocurrency portfolio distributed across multiple blockchains. They decided to hold tokens on the Ethereum chain, SOL and other tokens (Solana chain), USDC (Ethereum, Solana and Tron blockchains), ADA and other tokens on the Cardano blockchain, BNB and other tokens on Binance. You can decide. Smart Chain.

The example below means that an individual holds the following assets on various layer 1 chains as shown in the table below:

Cryptocurrency investors need access to reliable, up-to-date blockchain data to stay informed about asset values, performance, and overall market performance. Because your portfolio spans multiple blockchain networks and ecosystems, you also need data sources that span the entire blockchain network, not just a few blockchains. Information and data from all sources are required to make decisions and adjust asset and liquidity allocation according to market conditions and overall market trends and sentiments.

As investors continue to spread their assets across multiple blockchain networks, it is very important to understand the importance of having reliable and trustworthy data sources.

With access to reliable and valid data, cryptocurrency investors can efficiently:

1. Risk Management: Diversifying your portfolio across multiple blockchains introduces various risks. Accurate multi-chain portfolio information helps investors evaluate and control these risks, allowing them to make informed choices to reduce possible losses and improve overall risk management.
2. Investigate market dynamics using real-time data: Cryptocurrency markets are inherently volatile, especially when multiple blockchains are involved. Investors can better deal with rapidly changing market dynamics thanks to real-time data on market trends, liquidity and trading volume across different chains.
3. Measuring asset performance: Without accurate data, it is difficult to accurately track asset performance across different blockchains. Accurate multi-chain portfolio data makes it easier to measure performance, allowing investors to pinpoint high-performing assets and maximize portfolio growth and profitability.
4. Informed Decisions: Investors have accurate information about the value, past performance, and market conditions of each asset so they can make choices that support their financial goals. By ensuring that your investment plans are based on reliable information, this data-driven strategy promotes more informed decisions than speculative assumptions.
5. Rapid response to market conditions: The reliability of data allows investors to modify their portfolios in response to changing market conditions. Whether in the form of adding new assets or changing allocations, the flexibility to adapt is essential to maintaining a strong multichain portfolio.

Below is a list of resources where you can get data from multiple chains for your cryptocurrency portfolio.

Bitquery’s Cross-Chain API allows you to get information across multiple chains with just one click. There is also no technical barrier to entry as you can simply enter your account and select a specific chain or choose to search all blockchains and you will still see basic and detailed information about your cryptocurrency portfolio addresses in the explorer.

The API allows you to:

1. wallet balance

2. Token transfer

3. Cross-chain trading insights

4. Universal token tracking

Below is a typical example of retrieving address balances across multiple blockchains. you can set address to whomever you wish before executing the query.

In your query, you can retrieve the address balance of the following blockchain networks: Ethereum, BSC, Cronos, Celo, Matic, Velas, Moonbeam, Fantom, Avalanche, Klaytn, Bitcoin, ZCash, Bitcash, Litecoin, Dash, Dogecoin, Cardano and Tron.

• Nansen AI Portfolio: This platform provides cryptocurrency investors with access to analytical tools including market trends, token holdings, and blockchain transaction data. Users can examine on-chain data to learn more about wallet activity, token transfers, and market sentiment.
• CoinStats Portfolio Tracker: This platform meets the diverse needs of cryptocurrency-related activities, CoinStats is an adaptable tool for cryptocurrency portfolio management. DeFi wallets allow users to store, buy, sell, and exchange tokens as they act as DeFi and NFT portfolio managers. Users can also manage asset allocation, evaluate portfolio performance, and follow real-time market prices.
• Token Metrics: A cryptocurrency investment research company that delivers timely information on NFT and cryptocurrency projects through AI and machine learning. AI-based analytics allows users to evaluate prospective investment opportunities by using platform features to conduct in-depth research on various tokens.
• Moralis Money: Moralis Money helps you discover new cryptocurrencies and swap assets. Platform features include a token explorer, cryptocurrency trading platform, and cryptocurrency portfolio dashboard. Collects data from blockchain networks and various third-party APIs and displays the data according to filters and sorting criteria specified in the UI.
• Zapper: Zapper is a social web3 explorer that allows users to follow other people’s blockchain journeys in NFTs, DeFi, and DAOs.

Zapper allows you to explore DeFi opportunities, see all transactions taking place on chain, discover NFTs, explore the DAO’s treasury and members, and exchange and connect assets.

Having multiple sources to rely on for blockchain data to measure, track, and monitor portfolio progress is a real win, but every platform has features and advantages that may or may not suit your needs.

You may still encounter some drawbacks while using your chosen platform. Meanwhile, some disadvantages may arise due to the following reasons:

1. Inability of the platform to obtain real-time data
2. Limited support for blockchains that may have some assets
3. Lack of transparent data
4. Unpopular Query Language
5. Individual queries are not supported. That means you can’t write a modified query for exactly what you want.
6. Limited user support
7. Inaccessible API

Using Bitquery’s Explorer as a simple example to view a portfolio of addresses.

Let’s take a look at this address and token portfolio to track token inbound and outbound transfers, gas consumption, and currencies sent and received.

You can view a lot of information by simply plugging in or searching for a wallet address in the explorer, or you can scan your account across multiple chains to see the same portfolio of addresses across all chains.

Additionally, for more in-depth portfolio tracking, you can use Bitquery’s Cross-Chain API to query up to 40+ blockchains with a single unified API call and easily obtain comprehensive data with the free developer plan.

Other platforms that allow you to source your data may have limited options, while some may only allow you to view information if you sign up for a premium plan.