- Etherscan plans to integrate significant features across both Etherscan and Solscan.
- Solscan describes the acquisition as a “momentous step” in the world of blockchain exploration.
- The company set three targets including improvements in user interfaces, navigation, and overall accessibility in latest upgrade.
Block explorer Etherscan has recently acquired Solscan, a well-known block explorer for the Solana ecosystem. The purpose of this acquisition is to enhance the accessibility of blockchain data for various networks.
Etherscan announced that they plan to integrate useful features from both Etherscan and Solscan. The CEO and founder of Etherscan, Matthew Tan, expressed confidence in the Solscan team’s expertise in providing detailed insights and analytics.
Solscan, which was established in 2021, currently serves over 3 million monthly users with data services such as addresses, token data, and transaction information.
They also emphasized their commitment to offering enhanced support, a seamless user experience, and improvements in user interfaces and navigation as part of the Etherscan family.
Solscan’s Significant Role in the Solana Community
Solscan has established itself as an essential data source for the Solana community, with over three million active monthly users. It operates similarly to Etherscan, providing a user-friendly platform for analyzing addresses, tokens, transactions, and NFT metadata on the Solana blockchain.
In addition, Solscan offers developer APIs and customizable dashboards for comprehensive blockchain analytics.
The acquisition comes at a time when its native cryptocurrency, SOL, has seen a significant surge in value. With a market capitalization of nearly $47 billion, SOL is now the fifth-largest cryptocurrency. Over the past 30 days, it has experienced a remarkable rally of 71% and is currently valued at over $108.
Ethereum to Eat Up Solana?
The recent acquisition of Solscan by Etherscan comes at a significant moment, as traders in the crypto community have shown increased interest in activities within the Solana ecosystem, particularly due to the rise of meme tokens.
Similar to Etherscan, Solscan has successfully established a strong sense of trust among users by providing transparent and unbiased cryptocurrency analytics specifically tailored for the Solana community.
Additionally, both platforms offer a range of features that will be familiar to Etherscan users, such as comprehensive information on addresses, tokens, and transactions.
Solscan also provides users with API services, while its user-friendly dashboards and non-fungible token (NFT) metadata bear a resemblance to those offered by Etherscan.
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