Etherscan Acquires Solscan, Enhancing its Blockchain Data Services Amid Solana's Price Surge
Summary:
Ethereum blockchain explorer Etherscan has announced its acquisition of Solscan, a leading block explorer for the Solana ecosystem. This move helps Etherscan expand its blockchain data services across multiple networks. Solscan will continue to offer its wide range of features, including detailed address, token, and transaction data, APIs, dashboards, and nonfungible tokens (NFT) metadata. The acquisition comes during a significant surge in the price of Solana's native cryptocurrency, SOL.
Beginning the New Year with fresh integrations, Etherscan, a renowned explorer for the Ethereum blockchain, has announced the procurement of Solscan, an authoritative block explorer for the Solana ecosystem, on January 3. This acquisition, described as a "cooperative fusion," is an extension of Etherscan's initiative to broaden its blockchain information services over assorted networks.
Established in 2021, Solscan has catered to more than three million users per month and built a community of over 23,000 subscribers on X (earlier Twitter). It offers a myriad of features characteristic of Etherscan, such as comprehensive information about address, token, and transactions, APIs, dashboards, and nonfungible tokens (NFT) metadata.
Post-acquisition, Etherscan will persevere in delivering "unbiased, fair access to blockchain data," as per the announcement. The company also intends to incorporate extra features across varied explorers and amplify its support services.
Matthew Tan, Etherscan CEO and Co-founder, commented, "The Solscan team's demonstrated expertise in presenting detailed analytics and insights aligns perfectly with our mission of making blockchain data accessible and user-friendly at Etherscan".
This new ownership comes against the backdrop of a significant leap in the price of Solana (SOL), the inborn cryptocurrency of the Solana blockchain. On December 22, Solana's market capitalization fleetingly surpassed that of Binance Chain’s BNB (BNB), mere days after overtaking XRP's market value. The token's value has witnessed a remarkable 60% rise over the preceding month, exceeding $100 in late 2023 for the first time after 2022.
At present, the Solana token is valued at $110, down by 3.5% over the last 24 hours, with data derived from CoinGecko. The SOL is currently the fifth largest cryptocurrency by market cap, with a valuation almost touching $47 billion.
There have been speculations in industry circles about whether SOL could potentially surpass Ether (ETH) someday. In late December, Solana momentarily outshone Ethereum in daily decentralized exchange (DEX) trading volumes. There was also a point when Solana received higher global searches on Google, scoring 56 as opposed to Ethereum's 50.
Published At
1/3/2024 10:45:18 AM
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