Solana Surge: Etherscan Expands With Solscan Acquisition

Blockchain explorer platform announces Etherscan has officially acquired Solscan, a prominent block explorer for the Solana blockchain. The move, described as a “collaborative merging,” aims to expand Etherscan’s blockchain data services across various networks.

Started in 2021, Solscan has more than three million people who use it every month and 23,00 subscribers on Twitter (X). Like Etherscan, its block explorer gives a clear view of how to see token addresses and transactions. It mainly concentrates on NFT data through helpful control boards.

Etherscan emphasizes its commitment to providing impartial and equitable access to blockchain data post-acquisition. The company plans to integrate new features across different explorers and enhance user support.

Furthermore, Etherscan CEO Matthew Tan expressed confidence in Solscan’s expertise, aligning with Etherscan’s mission. The acquisition coincides with the remarkable rise in the price of Solana’s native cryptocurrency, SOL. Solana’s price today is $108.58 USD, with a 24-hour trading volume of $3,137,533,849 USD. Solana is down 6.00% in the last 24 hours.

Source: Coinmarketcap

Solana Surpasses BNB & XRP

Solana has gotten really popular; for a short time, it was more valuable than Binance Chain’s BNB. This happened on Dec 22, only one day after passing XRP in value. SOL has climbed 60% in the past month. It reached $100 for the first time since 2023 and then went higher than last year. Right now, SOL is the number five biggest digital money. It has a market value of nearly $47 billion.

Moreover, there are people in the business who think that SOL might beat ETH from Ethereum. This is because Solana was ahead of Ethereum for a short time with daily decentralized exchange trading amounts at the end of Dec. Additionally, Solana did better than Ethereum in worldwide Google searches. In the same period, it scored 56, while Ethereum got only 50 points.

Etherscan’s acquisition of Solscan reflects the dynamic nature of the blockchain space, with companies strategically aligning to enhance their capabilities and offerings amid the evolving crypto landscape.

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Furthermore, the authorā€™s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.

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