- Solscan has over three million monthly users
- Etherscan will provide enhanced support, integrate new features
- SOL is the fifth-biggest crypto by market cap
Ethereum Mainnet explorer Etherscan announced the acquisition of Solscan, one of the main Solana ecosystem block explorers. According to Etherscan’s post, the development is a collaborative merger that reflects its ongoing efforts to include more and more networks in the scope of its blockchain data services.
The explorers’ similar features
Solscan was launched in 2021. According to Cointelegraph data, the explorer has over three million monthly users. It also has a solid community of followers on X. Many of its features are similar to Etherscan’s, including detailed transaction data, address, token, APIs, NFT metadata, and dashboards.
The acquisition will not impact either explorer’s objectivity and access to blockchain data, the announcement notes. Etherscan also intends to provide enhanced support and integrate additional features across networks. Etherscan CEO and co-founder Matthew Tan said:
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.
Acquisition comes amid SOL price surge
The acquisition comes against the backdrop of a significant increase in the price of Solana’s native token, SOL. SOL is the fifth-biggest crypto by market cap, changing hands for $99.15 at the time of writing, CoinGecko data shows. Its market cap is currently $42.7 billion. The token has gained 627% since January last year, which was the biggest jump for any crypto in 2023.
Top 5 reshuffle
On December 21, SOL added 13% to its value and reached the price of $87. It passed XRP by market cap at the time. According to insiders, it could displace Binance Coin (BNB). Ardent supporters of the cryptocurrency speculate it could even overtake Ethereum one day. Reportedly, SOL briefly did overtake Ethereum in late December - in terms of daily decentralized exchange (DEX) trading volume.
At that time, it also passed Ethereum with respect to global Google searches with a score of 56 versus the second-biggest crypto’s score of 50.
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