SPACE ID Joins Forces with CoinStats to Simplify Web3 Portfolio Management

The partnership reflects the growing adoption of Web3 domain names, which offer a simplified approach to managing cryptocurrency portfolios.

Web3 domain name service provider SPACE ID has joined forces with CoinStats, a popular crypto portfolio tracking platform, to simplify cryptocurrency portfolio management.

CoinStats, with over 1 million users and $100 billion in assets under management, now enables users to track and manage their digital assets using SPACE ID domain names, eliminating the need for traditional wallet addresses. Users can monitor their balances across multiple wallets, covering 120+ blockchains and 1,000+ protocols, using their SPACE ID handle, such as “jane.bnb.” A user-friendly dashboard provides insights into portfolio performance, transaction records, asset distribution, and market trends. Additionally, users can view the portfolios of other SPACE ID domain holders, enhancing the platform's copy-trading capabilities.

CoinStats has seen a surge in the adoption of domain names within its platform in recent months, as leading wallet providers, such as Phantom and Coinbase, now allow users to set up their Web3 domain usernames. According to the platform, between October and December 2024, the number of wallets linked to CoinStats via domain names increased from 450 to 4,600, showing a 922% growth. This sharp rise coincided with a surge in the platform's traffic, driven by renewed interest during the Bitcoin bull market. The partnership with SPACE ID is expected to further accelerate the usage of Web3 domains in the coming months.

SPACE ID highlights this integration as a testament to the expanding utility of its domain services, ultimately contributing to a broader Web3 naming system. The company's vision aligns with the increasing adoption of crypto investors' advanced strategies, which involve multiple wallets and blockchains. This, in turn, heightens the demand for efficient portfolio tracking tools. SPACE ID positions itself within this ecosystem, facilitating the seamless integration of its domain service.

CoinStats, on the other hand, is dedicated to simplifying the process of portfolio management for both new and experienced investors, making it easier for them to monitor their assets and market trends. The platform’s integration with SPACE ID is seen as a step toward making Web3 and decentralized finance more accessible and user-friendly. With its streamlined tools, CoinStats aims to help users save time and avoid potential errors in navigating complex data across multiple platforms.

As the cryptocurrency market continues to evolve and expand, we can expect to see a growing demand for tools that simplify and enhance the user experience in managing their digital asset portfolios. The collaboration between SPACE ID and CoinStats caters to this need by offering users the ability to manage their portfolios through user-friendly domain names, setting the stage for further innovation in the Web3 space.