Etherscan, the operator of an Ethereum blockchain explorer, has completed additional acquisitions for Solscan, the Solana blockchain explorer, in an effort to help the firm expand its blockchain data services across multiple networks.
Establishing Solscan as the preeminent block explorer for the Solana ecosystem, Etherscan formally disclosed the acquisition on January 3. Etherscan stated that the purchase constitutes a “collaborative merging” that furthers its endeavors to broaden its portfolio of blockchain data services across numerous networks.
Since its inception in 2021, Solscan has reportedly catered to more than three million monthly users. As of the time of writing, its community on X (formerly Twitter) had accumulated over 23,000 subscribers.
The Solscan block explorer incorporates several features that are well-known to Etherscan users. These include comprehensive transactions, tokens, address data, APIs, dashboards, and non-fungible tickets (NFTs) metadata.
The acquisition will not affect Etherscan’s ability to provide “credibly neutral and equitable access to blockchain data,” according to the announcement. In addition to integrating additional features across multiple explorers, the company intends to provide enhanced support.
“Throughout the years, the Solscan team has demonstrated their expertise by providing comprehensive analytics and insights. “Their proficiency in facilitating the accessibility and usability of blockchain data is in complete harmony with our objectives at Etherscan,” said Matthew Tan, CEO and co-founder of Etherscan.
The most recent acquisition by Etherscan occurred as the price of Solana, the native cryptocurrency of the Solana blockchain, surged significantly.
A day after flipping the market value of XRP, Solana’s market capitalization momentarily surpassed that of Binance Chain’s BNB on December 22. The token has increased in value by 60% over the previous thirty days, reaching $100 for the first time since 2022 in late 2023.
According to data from CoinGecko, the Solana token is trading at $110 at the time of writing, a decrease of 3.5% over the previous twenty-four hours. Currently the fifth most valuable cryptocurrency by market capitalization, SOL is worth nearly $47 billion.
Confident industry analysts have been speculating as to whether or not the SOL cryptocurrency will eventually surpass Ether. Late in December, Solana reportedly momentarily reversed the position of Ethereum regarding daily decentralized exchange (DEX) trading volumes.
Solana also surpassed Ethereum in global Google searches at the end of December, scoring 56 to 50 for Ethereum.
