Post Menu and Details.
- Metamask Portfolio Tracker
- Gaming changes everything
- What makes Metamask tick?
- What does Metamask do?
- Tracking your Metamask portfolio
- What Dexfolio brings to the table
- Check your portfolio on the go
- Track your Metamask portfolio with ease
Reading time: ~4 minutes
Metamask Portfolio Tracker
Metamask is one popular dApp. At the time of writing, it had experienced a growth of 420% over the past seven months, with 21 million monthly users now enjoying its benefits. In addition, Metamask’s developer, ConcenSys, announced a funding round of $200 million, which it will use to further develop Metamask and other products.
So, what is driving the huge growth for Metamask? And what is the best way to keep track of a portfolio full of Metamask goodies?
The huge gaming market discovered Metamask, with most of its growth driven by the gaming vertical. But gamers haven’t just stopped with games; they are also discovering the world of defi and NFTs. And as the NFT sector shows explosive growth, Metamask’s stellar rise looks set to continue.
This of course creates lots of opportunities for both fun and investment, making portfolios ever more complex. Tracking portfolios in 2021 is far more complicated than the early days when there were limited options and portfolio owners could manage their portfolios with a spreadsheet.
Dexfolio has recognized the future potential of Metamask and has included compatibility in its new dApp, good news for Metamask fans who want an easy way to manage their portfolios.
But what makes Metamask so popular? Is it just because gamers have discovered it?
Metamask is unique because it was one of the first Ethereum-based wallets where users could start collecting NFTs. In 2017, users began buying some of the first NFTs, CryptoKitties. From there, the wallet became a gateway to decentralized finance even before the defi space was well established. Users were able to participate in the defi space almost from its inception, and it wasn’t long before they could buy, sell, lend, and trade funds through the gateway that Metamask offered to defi.
As one of the movers and shakers of the defi world, Metamask’s lead has enabled it to expand beyond Ethereum to other blockchains and layer-2 networks such as Polygon and the Binance Smart Chain.
Metamask is a browser extension that provides a handy access point for several defi ecosystems as well as acting as a wallet for ERC-20 tokens. Its first chain was Ethereum, but it also connects to other platforms and decentralized exchanges. It enables users to spend or stake coins, hold them, or trade on decentralized exchanges. It is a reliable option for creating a portfolio.
The explosive growth of defi has meant that the earliest tracking apps are no longer adequate for managing complex portfolios. In fact, this early technology gained a reputation among users for being hard to understand and difficult to use, leading to the justifiable belief amongst inexperienced users that it was best left for experts.
These days, a new generation of tracking apps is emerging, with developers working hard to catch up with the need for reliable, user-friendly technology.
So, if you tried one of the earlier tracking apps in the past and found it difficult to use or were disappointed in its features, don’t give up. The new generation of tracking apps is generally specifically designed for defi rather than being adapted from centralized banking or crypto apps. Developers are also more focused on the user experience, recognizing the importance of user-friendly dashboards and features that are easy to understand.
Managing your portfolio no longer has to be difficult or a tedious chore, with portfolio tracking apps that now easily cover your entire portfolio with a few taps on your home screen. It’s available as an Android app or for ios.
Dexfolio’s mantra has always been to clear away the clutter. Its developers believe in the minimum steps-to-action approach, leading the way in minimalistic design. The result is a smooth, visually appealing dashboard with only the features required by its community. This makes it fast and easy to use, so simple that even the most tech-phobic beginner can use it, yet with enough features that experienced traders also have what they need.
Dexfolio’s developers are traders themselves. They understand the limitations and frustrations of poorly-fitting technology. They have worked hard to ensure that the app is built on clean code that offers a smooth, fast, enjoyable experience.
This dApp is for those who prefer the minimalist approach and dislike clutter or unused features. It is for users who want technology that is clean and lean while being fit for the purpose, with a simple interface and intuitive design.
But Dexfolio’s plans don’t stop there. As a truly decentralized entity, it regularly consults with its community over governance matters and the future of the app. New features will be added to meet the expanding growth of the industry and user needs, thus providing tracking solutions well into the future.
Dexfolio saw the need for an app that was intended for defi from the start and was also designed for mobile use. Many of the portfolio trackers of the past were adapted from technology intended for desktop use or centralized finance, and this led to cluttered code and poor user experiences.
Now, you can make important decisions on the go. With access to your portfolio in your pocket, you can see the data you need in a matter of seconds, something crucial in the fast-moving world of defi when opportunities can vanish quickly.
Although it’s true that there is no one-size-fits-all app, and each one offers different features or services, Dexfolio offers enough to please most Metamask owners. The app makes it easy to check your net worth, buy and sell assets, monitor your portfolio growth, and keep an eye on market movements.
Access to the PancakeSwap, Polygon, and Uniswap exchanges is inbuilt for flexibility, and other exchanges that are compatible with Ethereum or the Binance Smart Chain can be easily onboarded. Users can access advanced ROI analytics, with a fully advanced analytics suite planned for the future.
Users won’t miss out when it comes to taxes, either. With many countries cracking down on crypto taxes, it’s now easy to access your trading history and other important information for tax returns.
Metamask users are the winners when it comes to the new technology entering the marketplace. Portfolio tracking just got a whole lot easier thanks to Dexfolio and other next-generation tracking apps. Metamask and Dexfolio both have bright futures.
Ben Sash is the founder and CEO of Dexfolio, the company behind the industry-leading cryptocurrency tracking app.
Ben has led the development and design of digital products for over six years in his various roles with prominent e-commerce brands.
With his experience in leadership, product design, and agile development, Ben has built an unstoppable team and compiled the vision for Dexfolio to shape the industry and become a leader in its sector.
Thank you for reading!