Etherscan Goes Big on Solana and Acquires Solscan

Etherscan, the leading Ethereum block explorer, has made a significant move at the beginning of 2024 by acquiring Solscan, the paramount Solana blockchain explorer. The stated goal: to extend its services across multiple blockchains, as the SOL token rally is in full swing.

Etherscan Acquires Solscan, the Solana Data Gem

On January 3rd, Etherscan announced the acquisition of Solscan through a press release. With its 3 million monthly users, the latter has become the benchmark explorer for the Solana ecosystem. 

The transaction is described as a “collaborative merger” between the two blockchain exploration leaders. The goal? To leverage their complementary expertise to provide a unified platform that is even richer in data and features.

Indeed, Solscan offers services very similar to Etherscan: detailed data of addresses, tokens and transactions, as well as APIs, dashboards, and non-fungible token (NFT) metadata… Assets that should allow for a swift and seamless integration into the Etherscan ecosystem.

Following the acquisition, Etherscan will continue to provide neutral access to blockchain data, while incorporating the best features of Solscan.

For Matthew Tan, CEO of Etherscan, the alignment is perfect with his mission to democratize information. The alliance with Solscan will further improve the user-friendliness and data accessibility on his platform.

Etherscan Expands Its Horizon Beyond Ethereum

This acquisition is timely, as the excitement for Solana has never been higher. Propelled by a 60% rally in one month, its SOL token has crossed the symbolic $100 mark for the first time since the FTX crash. Its market capitalization is now close to $50 billion, placing SOL as the 5th largest cryptocurrency on the market.

And this may just be the beginning: some analysts indeed predict that SOL could eventually overtake Ether in terms of market valuation. By the end of 2022, Solana had already overtaken Ethereum in terms of daily decentralized exchange (DEX) volumes: a harbinger that speaks volumes!

The buzz around Solana is also reflected in searches. According to Google Trends, the term “Solana” outscored “Ethereum” in late December, with a popularity score of 56 to 50. This indicates a growing interest from the general public.

It is no wonder, then, that Etherscan has made a significant bet on Solscan, ideally positioned to ride the Solana wave. This strategic alliance will allow Etherscan to fully capitalize on the future growth of this star blockchain, and thus consolidate its leadership.