The acquisition of Solscan by Etherscan comes at a time when actions on the Solana ecosystem garnered curiosity from crypto merchants as a result of resurgence of meme tokens.
Etherscan, a famend blockchain explorer specializing in the Ethereum ecosystem, has introduced the acquisition of Solscan, one other distinguished crypto knowledge supplier for the Solana protocol.
In an official announcement on January 3, 2024, Etherscan stated that this acquisition is a strategic transfer to reinforce the accessibility of blockchain knowledge throughout a number of networks.
Broadening Entry to Blockchain Information
Launched in 2015 by a bunch of blockchain fans, Ethercan is understood amongst crypto customers as a good platform offering knowledge, APIs, insights, and evaluation for the Ethereum group. The corporate was based by Matthew Tan, who additionally serves as its chief government.
Having served the trade for over eight years, the blockchain explorer expanded its product choices to combine Solscan into its platform. Nonetheless, particular monetary particulars concerning the acquisition stay undisclosed.
The corporate’s CEO, Tan, stated the acquisition of Solscan aligns with Etherscan’s mission to supply credible providers to customers. He additionally praised Solscan’s experience in providing detailed insights and analytics to its customers.
“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,” stated Matthew Tan.
Dedication to Mainstream Adoption
Described as a “collaborative merging”, the combination goals to learn each Ethereum (ETH) and Solana (SOL) customers. By way of this acquisition, Etherscan intends to proceed offering impartial and equitable entry to blockchain knowledge.
The corporate additionally plans to introduce enhanced options to enhance the person expertise throughout each platforms.
Moreover, the blockchain explorer stated it’s dedicated to serving to the crypto ecosystem achieve mainstream adoption and can proceed to contribute to the trade’s development with the acquisition of Solscan.
“We are deeply committed to helping the blockchain community fulfill its promise and gain mainstream adoption. With this new addition to the team, we hope to contribute further to the ecosystem. Stay tuned for more updates!”
Like Etherscan, Solscan has additionally gained customers’ belief, offering clear and unfiltered cryptocurrency analytics for the Solana group. The blockchain explorer was established in 2021 and has supplied providers to greater than three million customers each month.
Each platforms additionally share options acquainted to customers of Etherscan, together with detailed handle, token, and transaction info. Solscan additionally presents API providers to customers, and its dashboards and non-fungible token (NFT) metadata are conversant in that of Etherscan.
Solana (SOL) Now the Fourth-largest Crypto
In the meantime, the acquisition of Solscan by Etherscan comes at a time when actions on the Solana ecosystem garnered curiosity from crypto merchants as a result of resurgence of meme tokens.
SOL, the native crypto of the Solana protocol, is at present buying and selling above $100 after falling beneath $30 final yr as a result of collapse of FTX.
The surge in worth has propelled the token to change into the fifth-largest digital asset by market capitalization after flipping XRP. It additionally briefly overtook BNB earlier than retracing again to its present place on the checklist of prime 10 cryptocurrencies on this planet by market capitalization.
