Pulsar Finance

Pulsar Finance launched in 2021 as a cross-chain portfolio management platform tracking tokens, DeFi positions, and NFTs across more than 100 blockchain networks, before evolving into Shotgun, a Solana-native trading terminal that returns trading fees directly to users.

Founded by Miguel Loures and Pedro Mauricio, Pulsar Finance addressed a genuine pain point in the early multi-chain era: managing holdings scattered across dozens of chains and centralized exchanges required constant manual effort. The platform solved this by aggregating on-chain data across 80+ networks at launch, expanding to 113 chains by the time Solana support was added. A distinctive design decision was to require no wallet connection. Users entered a public address or Solana Name Service handle to view the full portfolio picture without handing over custody or exposing private keys. The dashboard showed token balances, NFT holdings, staking and debt positions on lending protocols, open liquidity pool and farm positions, and outstanding futures and limit orders across all supported chains in a single view.

Pulsar Data, a parallel offering, provided blockchain data APIs and SDKs for developers building on multi-chain infrastructure. At its acquisition peak, the platform covered more than 700 protocols and had accumulated over one million registered users.

In November 2023, Terraform Labs acquired Pulsar Finance. Terraform, still restructuring after the May 2022 Terra and LUNA collapse, sought cross-chain analytics and data capabilities. Pulsar's coverage across EVM networks, Cosmos, SUI, NEAR, Solana, and major centralized exchanges gave Terraform an unusually wide data surface for operational value beyond its legacy Terra ecosystem. The Pulsar team joined Terraform and the portfolio tracker continued under the Pulsar Finance brand through the transition.

By mid-2026, Loures and Mauricio had departed Terraform Labs and launched Shotgun at shotgun.fun, a Solana-only trading terminal. This transition retired the original Pulsar Finance portfolio product. The pulsar.finance domain now redirects to app.pulsar.finance, the Shotgun interface, which includes a wallet-recovery tool for users who stored portfolios under the original Pulsar Finance product.

Shotgun's central feature is its fee-return model. The platform charges a flat 1% on all order types including market, limit, instant trade, and convert orders, then returns a minimum of 50% of that fee to the trader in SOL. The cashback rate scales with lifetime trading volume and reaches 100% at the top tier, making Shotgun the first trading terminal to position full fee recovery as its primary value proposition. For a high-volume trader running significant size, the cumulative difference between a terminal that retains fees and one that returns them fully is material to P&L over time.

Execution speed is the second core claim. Shotgun targets sub-block trade landing, leveraging Solana's sub-second block finality and low per-transaction costs. Liquidity routing runs through Meteora and Raydium integrations. The platform is fully non-custodial: users connect existing wallets such as Phantom or create embedded wallets managed through Turnkey's encrypted key infrastructure, which is designed so neither Shotgun nor Turnkey can access private keys.

Additional features include Trenches, a token discovery tool for early access to new launches and migrations; a wallet-copy function for replicating trades from top-performing wallets in real time; real-time alerts for whale movements and KOL activity; multi-wallet management in one interface; and portfolio tracking with historical PnL and ROI analytics across all positions. A five-tier referral program offers up to 50% revenue sharing. The team has indicated plans to extend to additional blockchains and introduce agentic trading capabilities.

No public security audits for Shotgun have been announced. The original Pulsar Finance portfolio product did not execute on-chain transactions on behalf of users and therefore carried no smart contract custody risk.

Shotgun competes directly with established Solana trading terminals including Photon, BullX, and Trojan. Its fee-return model inverts the typical terminal revenue structure and is the primary differentiator. The team's track record of growing Pulsar Finance to over one million users before acquisition provides credibility for executing on a new product category.