Key takeaways:
- New acquisitions about the Solana blockchain are being made by Etherscan, which runs an Ethereum blockchain explorer, to kick off the year.
- According to the release, Etherscan will keep offering “credibly neutral and equitable access to blockchain data” after the acquisition.
New acquisitions about the Solana blockchain are being made by Etherscan, which runs an Ethereum blockchain explorer, to kick off the year.
Etherscan formally announced the acquisition of the leading block explorer for the Solana ecosystem Solscan on January 3. According to Etherscan, the purchase is a “collaborative merging” that carries on the company’s mission to broaden its blockchain data offerings across several networks.
Its community on X (previously Twitter) has more than 23,000 members, and since its founding in 2021, Solscan is said to have served over three million monthly customers.
An extensive array of features, including full address, token, transaction data, APIs, dashboards, and nonfungible token (NFT) metadata, are shared by users of Etherscan with the Solscan block explorer.
According to the release, Etherscan will keep offering “credibly neutral and equitable access to blockchain data” after the acquisition. The company also intends to provide better assistance and incorporate new features across several explorers. Matthew Tan, co-founder and CEO of Etherscan, stated:
“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,”
The price of Solana, the native cryptocurrency of the Solana blockchain, has significantly increased in conjunction with Etherscan’s most recent acquisition.
Just one day after XRP’s market value was reversed, on December 22, Solana’s market capitalization momentarily eclipsed Binance Chain’s BNB. For the first time since 2022, the token has increased in value by 60% in the last 30 days, breaking $100 in late 2023.
Valued at about $47 billion, Solana is currently the fifth-biggest cryptocurrency by market capitalization. Industry watchers have been wondering if the cryptocurrency Solana will eventually surpass Ethereum. According to reports, in late December, Solana temporarily overtook Ethereum regarding daily trading volumes for decentralized exchanges (DEX).
