What does etherscan aim to acquire by purchasing solscan?
Describing its latest move as a “collaborative partnership,” Etherscan acquired Solscan with the goal of expanding blockchain data services to various networks.
The company, which operates Etherscan for the Ethereum blockchain, started the year with new acquisitions related to the Solana blockchain.
On January 3rd, Etherscan made an official declaration regarding its acquisition of Solscan, the prominent block explorer within the Solana ecosystem. The acquisition was emphasized as a "collaborative partnership," underscoring Etherscan's commitment to broadening its blockchain data services across various networks.
While reports indicate that Solscan, established in 2021, caters to over three million users on a monthly basis, the X (Twitter) community stands out with an impressive count of over 23 thousand subscribers. Notably, the Solscan block explorer mirrors several features familiar to Etherscan users, encompassing comprehensive data on addresses, tokens, and transactions, along with APIs, dashboards, and non-fungible token (NFT) metadata.
The announcement underscores that post-acquisition, Etherscan remains steadfast in delivering "reliable, impartial, and fair access to blockchain data." The company is poised to introduce additional features and extend heightened support across diverse networks, ensuring an enriched user experience.
Matthew Tan, CEO and co-founder of Etherscan, praised Solscan's meticulous data delivery and analysis, matching Etherscan's mission.
Etherscan's strategic decision unfolds against the backdrop of a substantial surge in the price of Solana, the native cryptocurrency of the Solana blockchain.
Etherscan's calculated maneuver unfolds against the backdrop of a pronounced upswing in the value of Solana, the indigenous cryptocurrency of the Solana blockchain.
On December 22, Solana's market capitalization briefly eclipsed that of BNB, surpassing XRP just a day later. Demonstrating a robust 60 percent surge over the last 30 days, SOL reached a noteworthy threshold at the close of 2023, marking the first time since 2022.
As per CoinGecko data, Solana's valuation has experienced a 3.5 percent decline in the past 24 hours, stabilizing around $110. Presently, SOL holds the position of the fifth largest cryptocurrency based on market capitalization, with an estimated value of around $44 billion.
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