Etherscan, the Ethereum blockchain explorer, has kicked off the year with a notable move into the Solana blockchain sphere. On January 3, Etherscan officially declared the acquisition of Solscan, a prominent block explorer catering to the Solana ecosystem. This acquisition is framed as a “collaborative merging” aimed at extending Etherscan’s reach in providing blockchain data services across various networks.
Established in 2021, Solscan boasts a user base of over three million monthly users and a community on X (formerly Twitter) with more than 23,000 subscribers. The Solscan block explorer mirrors features familiar to Etherscan users, offering detailed data on addresses, tokens, transactions, APIs, dashboards, and non-fungible tokens (NFT) metadata.
Post-acquisition, Etherscan pledges to maintain “credibly neutral and equitable access to blockchain data” while integrating additional features across diverse explorers and enhancing overall support.
Matthew Tan, CEO and co-founder of Etherscan, expressed confidence in Solscan’s expertise, stating, “The Solscan team has proven their expertise over the years by offering detailed insights and analytics. Their expertise in making blockchain data accessible and user-friendly also aligns perfectly with our mission at Etherscan.”
This strategic move by Etherscan coincides with the surge in the price of Solana’s native cryptocurrency, SOL, which, at the time of writing, is trading at $110, marking a 3.5% decrease over the past 24 hours. SOL has witnessed a 60% rally in the last 30 days, surpassing $100 in late 2023 for the first time since 2022. With a market cap of nearly $47 billion, SOL now stands as the fifth-largest cryptocurrency.
Speculation has emerged regarding SOL potentially surpassing Ether (ETH) in the future. Notably, Solana briefly outpaced Ethereum in daily decentralized exchange (DEX) trading volumes in late December. Furthermore, Solana surpassed Ethereum in global Google searches, scoring 56 compared to Ethereum’s 50 in late December.
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