EtherScan, which operates an explorer for the Ethereum blockchain, has acquired SolScan, a block explorer within the Solana ecosystem.
Describing the acquisition as a ‘collaborative merging,’ EtherScan aims to further its commitment to enhancing blockchain data services across various networks.
Established in 2021, SolScan has reportedly catered to over three million monthly users. Additionally, its community on X (formerly Twitter) has grown to exceed 23,000 subscribers.
The SolScan block explorer shares numerous features with EtherScan, providing users with familiar functionalities. These include detailed information on:
- Addresses
- Tokens
- Transactions
- APIs
- Dashboards, and
- Metadata for non-fungible tokens (NFTs).
With the acquisition, EtherScan has committed to maintaining its mission of delivering ‘credibly neutral and equitable access to blockchain data.’ The company plans to integrate supplementary features across various explorers and provide enhanced support as part of its continued efforts in the blockchain data services realm.
“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,” said EtherScan CEO and Co-Founder, Matthew Tan.
The move by EtherScan to acquire SolScan coincides with a notable upswing in the price of Solana, the native cryptocurrency of the Solana blockchain. The token recently surpassed XRP in market capitalization, reclaiming its position as the 5th largest cryptocurrency.
The blockchain has experienced a surge in on-chain activity with the rally in token price aligning with the overall momentum in the broader cryptocurrency ecosystem. Notably, Solana has even outperformed larger blockchains such as Ethereum in terms of decentralized exchange (DEX) trading volume.
Solana has drawn a lot of development activity, thanks to its focus gaining ground on Ethereum which is accused of ‘peddling endless narratives, new jargons, buzzwordy roadmaps.’
One thing the eth marketing department got horribly wrong is endlessly peddling new narratives, new jargons, buzzwordy roadmaps, the 50th rollup, the 10th da, the 5th bridge, and the 5th shared sequencer.
Compare all this marketing complexity to “solana is the fastest cheapest…
— Qiao Wang (👽, 👽) (@QwQiao) January 4, 2024
Yeah I agree we can be better at separating out the messaging. The key info for devs is much more like the top of this chart than the bottom. pic.twitter.com/4NS4v7QQz2
— vitalik.eth (@VitalikButerin) January 4, 2024
Solana has been gaining attention, particularly through airdrops such as JITO, which rewarded certain users with substantial five-figure sums.
Additionally, the blockchain witnessed a surge in memecoin popularity, exemplified by tokens like BONK ($BONK), the latest dog-themed cryptocurrency that climbed to become the third-largest meme token, trailing behind Shiba Inu (SHIB) and Dogecoin (DOGE).
Solana has also garnered attention for its Saga mobile phone, which saw its market price soar to as high as $5,000 per unit. This marked a significant increase from its initial price of $600.
$SOL is up +665% YTD as of this writing.
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