Top Sources for a Multichain Crypto Portfolio

Introduction

With investors diversifying their investments by having multiple assets on different blockchain networks, comes the necessity for having a data-driven portfolio in order to compare, manage, and have an eagle oversight on the crypto assets.

In this piece, we are going to dive into the meaning of a multi-chain crypto portfolio, its importance, validity, and reliability of top data sources, how it is used, sources, and comparisons between the mentioned sources.

Note: This guide is for educational purposes only and not investment advice. It offers insights into sources for multichain crypto portfolio data, providing assistance to those exploring diversified investments across various blockchains.

What is a multi-chain crypto portfolio?

A multi-chain crypto portfolio is a diversified collection of crypto assets that span across multiple blockchain networks. This strategy aims to mitigate risk and maximize opportunities by investing in tokens and assets from different blockchain ecosystems.

For example, a crypto investor can have a crypto portfolio that spreads across multiple blockchains. They can decide to have tokens on the Ethereum chain, SOL and other tokens (on the Solana chain), USDC (on Ethereum, Solana, and Tron blockchains), ADA and other tokens from the Cardano blockchain, BNB and other tokens on the Binance Smart Chain.

The example below implies that the individual has the following assets spread across different layer-1 chains, as shown in the table below.

An image showing a typical example of assets breakdown on different blockchain networks

Importance of multi-chain portfolio data

Cryptocurrency investors need access to reliable and up-to-date blockchain data in order to stay updated on their assets value, performance and overall market performance. As their portfolio spans across multiple blockchain networks and ecosystems, they equally require a data source that covers not just a few blockchains, but a whole lot of blockchain networks. The information and data obtained from the sources is necessary for decision-making, adjusting their assets and liquidity allocation in response to market conditions and overall market trends and sentiment.

It is very important to understand the significance of having a reliable and trusted data source as investors continuously spread out their holdings across many blockchain networks.

By gaining access to reliable and valid data, crypto investors can be able to efficiently do the following:

1. Manage Risks: Diversifying a portfolio across multiple blockchains introduces various risks. Precise multi-chain portfolio information helps investors evaluate and control these risks, allowing them to make well-informed choices to reduce possible losses and enhance overall risk management.
2. Utilize real-time data to investigate market dynamics: Cryptocurrency markets are by nature volatile, particularly when they involve several blockchains. Investors are better equipped to handle the quickly shifting dynamics of the market thanks to real-time data on market trends, liquidity, and trading volumes across various chains.
3. Measure assets performance: Accurately tracking the performance of assets across diverse blockchains is challenging without precise data. 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. Making well-informed decisions: Investors can make choices that support their financial objectives by having exact information about the value of each asset, its past performance, and the state of the market. By ensuring that investing plans are based on trustworthy information, this data-driven strategy promotes informed decision-making over speculative assumptions.
5. Quick response to market conditions: Reliability in data enables investors to modify their portfolios in response to changing market conditions. The flexibility to adapt is essential for keeping a robust multi-chain portfolio, whether it be in the form of adding new assets or changing allocations.

Data sources for a multi-chain crypto portfolio

Below is the list of resources to get data on multiple chains for your crypto portfolio:

1. Bitquery

Bitquery has a unique product related to on-chain accounting, DeFi positions, and P&L for any address, or transaction on multichain; they call it Portfolio360.

In addition, with Bitquery’s Cross-Chain API, you can get information across multiple chains in one simple click. There are equally no technical barriers to entry as you can still view basic and more detailed information about a crypto portfolio address on an explorer by just entering the account and selecting specific chains or choosing to search across all blockchains.

The API enables the following :

• Balance of a Wallet
• Token Transfers
• Cross-Chain Trade Insights
• Universal Token Tracking

Here is a typical example of retrieving address balances across multiple blockchains. You can set the address to anyone you wish before running the query.

In the query, we 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.

2. Nansen AI Portfolio

This platform gives cryptocurrency investors access to analytical tools that include market trends, token holdings, and blockchain transaction data. To learn more about wallet activity, token transfers, and market sentiment, users can investigate on-chain data.

3. CoinStats Portfolio Tracker

This platform satisfies the diverse requirements of cryptocurrency related activities, CoinStats is an adaptable tool for managing cryptocurrency portfolios. Through its DeFi wallet, users may store, buy, sell, and swap tokens as it functions as both a DeFi and NFT portfolio manager. In addition, it lets users manage asset allocations, evaluate portfolio performance, and follow real-time market prices.

4. Token Metrics

This is a cryptocurrency investment research company that delivers timely information on NFT and cryptocurrency projects through AI and machine learning. With the use of AI-driven analytics, users may evaluate prospective investment opportunities by conducting in-depth research on different tokens using the capabilities of the platform.

5. Moralis Money

Moralis Money helps you to discover new crypto and swap assets. The platform features include a token explorer, crypto trading platform, and crypto portfolio dashboard. It collects data from the blockchain networks and different third party APIs and presents the data according to the filters and sorting criteria you specify in the UI

6. Zapper

Zapper is a social web3 explorer which allows users to follow the blockchain journey of others in NFTs, DeFi & DAOs.

With Zapper, you can explore opportunities in DeFi, see all transactions that are happening on chain, discover NFTs, dive into DAO’s treasuries and their members, swap and bridge your assets.

Comparing Data Sources: Which do you need?

Having multiple sources with which you can rely on blockchain data for measuring, tracking, and monitoring your portfolio progress is a really big win, but every platform comes with its features and advantages which may or may not suit your needs.

Some drawbacks can still be encountered while using your platform of choice. Meanwhile, some of the shortcomings might be due to the following reasons:

1. The inability of the platform to get real-time data
2. Limited support for blockchains in which you might have some assets on
3. Lack of transparent data
4. Unpopular query language
5. No support for individual querying. ie you can not write modified queries for exactly what you want.
6. Limited user support
7. Inaccessible APIs

Using Bitquery’s Explorer as a simple example to view an address portfolio

Let’s explore this address and token portfolio, tracking the token inbound and outbound transfers, gas spent, currencies sent and received.

You can see that by simply connecting or searching a wallet address on the explorer, you can view a lot of information, one can equally choose to view the address portfolio across all chains, scanning the account via multiple chains.

Apart from that, for more in-depth portfolio tracking, we can use Bitquery’s Cross-Chain API to query up to 40+ blockchains with a single unified API call, getting comprehensive data at your fingertips with a free developer plan.

Other platforms from which you can source data can come with a limited variety of options, whereas some only allow you to view info when you have subscribed to a premium plan.