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CDS Crypto News Etherscan Acquires Solscan to Expand Blockchain Data Services Across Multiple Networks

Crypto News Collaboration

Etherscan Acquires Solscan to Expand Blockchain Data Services Across Multiple Networks

Zeynep Öztürk03/01/20241 Mins read361

Etherscan Acquires Solscan to Expand Blockchain Data Services Across Multiple Networks

Crypto News – Etherscan, a prominent Ethereum blockchain explorer, has kicked off the year with a strategic acquisition aimed at expanding its reach in the blockchain domain. The company announced on January 3rd its acquisition of Solscan, a leading explorer in the Solana ecosystem, marking a significant step in its journey towards offering comprehensive blockchain data services across various networks.

Solscan, established in 2021, has become a key player in the blockchain space, attracting over three million monthly users and amassing a following of more than 23,000 on X (previously known as Twitter). The platform offers a suite of features akin to those of Etherscan, including in-depth data on addresses, tokens, transactions, along with APIs, dashboards, and detailed metadata for non-fungible tokens (NFTs).

With this acquisition, dubbed a “collaborative merging,” Etherscan aims to uphold its commitment to providing neutral, equitable access to blockchain data. Plans are in place to integrate additional functionalities across various explorers to enhance user experience and support.

Matthew Tan, CEO and co-founder of Etherscan, praised the Solscan team for their proven expertise in delivering detailed analytics and making blockchain data more accessible and user-friendly. He emphasized that Solscan’s values and mission align seamlessly with those of Etherscan.

This move comes at a time when Solana’s native cryptocurrency, SOL, is witnessing a remarkable increase in value. On December 22, Solana’s market capitalization momentarily eclipsed that of Binance Chain’s BNB and overtook XRP’s market value the previous day. The SOL token has seen a 60% rise over the last 30 days, crossing the $100 mark in late 2023 for the first time since 2022.

Currently, SOL is trading at around $110, experiencing a minor dip of 3.5% in the past 24 hours, as per CoinGecko. It now ranks as the fifth-largest cryptocurrency by market cap, valued at nearly $47 billion.

The cryptocurrency community is abuzz with discussions on whether SOL could potentially surpass Ether. Notably, Solana briefly outperformed Ethereum in daily decentralized exchange (DEX) trading volumes in late December. Additionally, global Google searches for Solana surpassed those for Ethereum, scoring 56 against Ethereum’s 50 in the same period.