Developments in defi move so quickly that technology has scrambled to keep up.  With decentralized finance tipped to be the "next big thing" in global finance, it's not surprising that developers are working hard to create dApps to suit the defi space and be adaptable enough to grow with the industry.

Leaving the earliest tracking apps behind, Dexfolio has the future in its sights with its next-generation portfolio tracking app, designed to be user-friendly and adaptable for future growth in the industry. Recognizing the part that BSC is likely to play in the future of defi, a BSC portfolio tracker is included with the dApp.

But first, a quick look at what defi portfolio trackers do.

What do defi portfolio trackers do?

Before the days of the earliest tracking apps, traders managed their portfolios using a spreadsheet, with updates often in the form of a weekly newsletter. It was time-consuming and tedious and developers came to the rescue with a variety of apps that were mostly adapted from apps used for other purposes, such as centralized finance.

These days, a new generation of dApps is emerging. They enable users to track a portfolio or manage defi assets simply and quickly. Dexfolio is proud to be a part of this emerging technology that offers unique features to users and is specifically designed for decentralized finance.

What is a BSC portfolio tracker?

A BSC portfolio tracker is simply an app that keeps track of a user's investments on the Binance Smart Chain or its compatible exchanges. In the past year or so, a growth explosion has seen the Binance Smart Chain skyrocket in popularity and the number of users. Along with this growth has come a choice of BSC portfolio trackers as developers have tried to keep pace with the increased demand in the industry.

The Binance Smart Chain (BSC) explained

BSC was Binance's answer to the need for a decentralized blockchain. It operates alongside the Binance Chain and uses smart contracts to validate transactions. It is also compatible with the Ethereum Virtual Machine (EVM).

Why is BSC popular?

The Binance Smart Chain offers some attractive new features to users that have not previously been available on other chains. They include:

• Lower transaction fees, far cheaper than the Ethereum blockchain
• Fast transactions (Ethereum is notoriously slow)
• Interoperability that allows users to transfer assets between blockchains

Dexfolio's vision for the future includes new features available to BSC users as the industry grows. But for now, BSC users can already access some handy features such as one-tap token tracking.

Track Binance Smart Chain tokens with one tap

Due to its simple interface and beautifully designed, user-friendly dashboard, users on the BSC platform can easily track tokens on any supported crypto exchange.  Dexfolio's Intelligent Price Alerts feature is especially handy as it only sends alerts when significant changes occur.

Which wallet integrations are supported?

With so many wallet offerings now available, it makes sense to offer unlimited wallet integrations. Dexfolio supports any wallet that is compatible with the Ethereum, BSC, or Polygon blockchains or their supported platforms.

What trading opportunities are available on BSC platforms?

With 230+ yield farms at the time of writing along with hundreds of tokens, the BSC community has a vast array of options. Users have the options to provide liquidity in a variety of liquidity pools, become involved in yield farming,

Track defi assets easily

Dexfolio offers its users one of the most user-friendly dashboards available, with one-tap functionality. Investing should be easy and fun, and Dexfolio has created an app that offers users a smooth and enjoyable experience without missing anything important.

FAQS

How do I track my BSC portfolio?

Well, you could spend hours entering data into a spreadsheet. Or you could try an app that will do all the hard work for you. Look for one that offers a user-friendly interface as well as the features you need and use the most. Many dApps are overloaded with features which can lead to a less-than-ideal user experience.

You should be able to check the total net worth of your portfolio, monitor your crypto holdings and market movements, collect staking rewards, and research price history data. Your portfolio information should be all in the one place, and you should be able to easily track coin prices. Other features you might need would depend on the type of trading you undertake.

What is defi BSC?

Defi BSC refers to the Binance Smart Chain, the decentralized arm of the Binance blockchain. It is decentralized finance as opposed to Binance, which is centralized.

How many dApps on the Binance Smart Chain?

At the time of writing, dapp.com listed 531 dApps on the BSC.