- Etherscan, a leading Ethereum block explorer, has acquired Solscan, a top explorer for the Solana blockchain, as interest and prices for Solana’s SOL token surge.
- The acquisition allows Etherscan to expand its blockchain data services to Solana, integrating features across explorers and enhancing support.
- It comes as SOL hits new highs, briefly surpassing BNB and XRP as the 5th largest crypto by market cap, and as Solana gains ground on Ethereum in trading volume and searches.
Ethereum block explorer Etherscan has acquired Solscan, a leading block explorer for the Solana ecosystem, as the price of Solana’s native cryptocurrency SOL continues to surge. The acquisition aims to expand Etherscan’s blockchain data services across multiple networks.
Etherscan’s Latest Acquisition
Founded in 2021, Solscan has served over three million monthly users. Following the acquisition, Etherscan plans to integrate features across different explorers and offer enhanced support. Etherscan CEO Matthew Tan said Solscan’s expertise in making blockchain data accessible aligns with Etherscan’s mission.
The Solana Token Price Surge
The acquisition comes amid a significant increase in the price of SOL, the native token of the Solana blockchain. SOL recently surpassed the market capitalization of BNB and XRP to become the fifth largest cryptocurrency by market cap, valued at nearly $47 billion.
Industry Impact
Some speculate SOL could someday surpass ETH in market cap. Solana also briefly overtook Ethereum in daily DEX trading volume and global Google searches in late 2022, demonstrating its momentum.
Conclusion
As Solana continues to gain ground on Ethereum, Etherscan’s acquisition of Solscan positions it to provide insights across both networks. The deal expands Etherscan’s blockchain data services as interest grows in Solana and its native token SOL.
