Etherscan, a renowned explorer for the Ethereum blockchain, is commencing the year with a notable move into the Solana blockchain domain.
On January 3rd, Etherscan officially revealed its acquisition of Solscan, a prominent block explorer for the Solana ecosystem.
This strategic acquisition is being described as a “collaborative merging” and marks another step in Etherscan’s ongoing mission to broaden its blockchain data services across various networks.
Solscan, established in 2021, has reportedly catered to more than three million monthly users and boasts a community of over 23,000 subscribers on the X platform (formerly Twitter).
The Solscan block explorer offers a range of features that will be familiar to Etherscan users, including in-depth information on addresses, tokens, transactions, APIs, dashboards, and metadata related to nonfungible tokens (NFTs).
Etherscan has committed to preserving “credibly neutral and equitable access to blockchain data” following this acquisition, with plans to enhance support and integrate new features across different explorers.
Matthew Tan, CEO and co-founder of Etherscan, expressed confidence in the Solscan team, highlighting their expertise in providing comprehensive insights and user-friendly access to blockchain data, aligning perfectly with Etherscan’s mission.
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This acquisition coincides with a remarkable surge in the price of Solana, the native cryptocurrency of the Solana blockchain.
On December 22nd, Solana briefly surpassed Binance Chain’s BNB in market capitalization, following its earlier accomplishment of overtaking XRP’s market value.
The token has experienced a 60% rally in the past month, surpassing the $100 mark in late 2023 for the first time since 2022.
As of the latest data from CoinGecko, Solana (SOL) is currently trading at $110, reflecting a 3.5% decrease over the past 24 hours.
It has solidified its position as the fifth-largest cryptocurrency by market capitalization, with a valuation of nearly $47 billion.
Some industry observers have speculated about the potential for SOL to eventually surpass Ethereum. Solana briefly outpaced Ethereum in terms of daily decentralized exchange (DEX) trading volumes in late December.
Furthermore, Solana’s Google search interest outstripped Ethereum’s, scoring 56 compared to Ethereum’s 50 in late December.
These developments underscore the growing prominence of Solana in the blockchain and cryptocurrency landscape.
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