Etherscan Acquires Solana Explorer Solscan

Image : Solna Blockchain Source : Photo by GuerrillaBuzz on Unsplash
Etherscan, the platform operating a block explorer for the Ethereum blockchain, kicks off the year with the acquisition of the Solana explorer Solscan.

Etherscan's Acquisition of Solscan

On January 3, 2023, Etherscan officially announced the acquisition of Solscan, a prominent block explorer for the Solana ecosystem. "This acquisition is a collaborative merger that continues Etherscan's efforts to expand blockchain data services across various networks," stated the announcement on the Etherscan blog.

Image : Solscan Source : Blog Etherscan

Established in 2021, Solscan is noted to have served over three million monthly users. The Solscan block explorer features many familiar aspects for Etherscan users, including detailed address, token, and transaction data, as well as APIs, dashboards, and NFT metadata.
Following the acquisition, Etherscan pledges to continue providing "credible, neutral, and fair access to blockchain data," as per the announcement. The company also plans to integrate additional features across various explorers and offer enhanced support.

"The Solscan team has demonstrated their expertise over the years by providing in-depth insights and analysis. Their proficiency in making blockchain data accessible and user-friendly also aligns seamlessly with our mission at Etherscan," said Matthew Tan, CEO and co-founder of Etherscan.

At the time of writing (1/3/24), Solana (SOL) is trading at $108.5, down -5.48% in the last 24 hours, according to Coinmarketcap data. SOL currently ranks as the fifth-largest crypto asset by market capitalization, with a valuation of $46.6 billion.

Some industry observers speculate on the possibility of SOL surpassing ETH in valuation one day. Solana notably surpassed Ethereum in decentralized exchange (DEX) trading volume at the end of December 2023.

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