Ethereum explorer Etherscan expands to Solana, acquires Solscan to serve 'credibly neutral' on-chain data
Etherscan claims that the broader goal of the acquisition is to "make on-chain data easy to access, driving mainstream blockchain adoption."
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Etherscan, a prominent blockchain data provider, has acquired Solscan, a leading explorer for Solana, to expand its data services by integrating the two platforms. Etherscan announced details of the acquisition on X, saying that it hopes to continue providing “credibly neutral and equitable access to blockchain data.”
📢 We're excited to share that Solscan has now joined Etherscan!
With the addition of @solscanofficial to the team, we hope to continue executing on our vision of providing credibly neutral and equitable access to blockchain data. pic.twitter.com/N8TcxQHFLi
— Etherscan (@etherscan) January 3, 2024
According to Etherscan, the integration aims to improve access and experience for the over 3 million monthly Solscan users by leveraging synergies in features and capabilities between the Ethereum and Solana explorers.
Etherscan explores Ethereum data including wallet transactions and token details, offering insights into individual wallets and tokens. Solscan is a blockchain explorer specifically for Solana, featuring comprehensive analytics and user-friendly access to transactions, addresses, contracts, blocks, and tokens. Though these features are not mutually exclusive and can be found in both, Solscan has a simpler interface and provides more intuitive visualizations.
It’s worth noting that through this acquisition, Solscan will likely be included in Etherscan’s suite of products for its Explorer-as-a-Service (EaaS) offering, which includes explorers for major chains like Optimism, Arbitrum, Polygon, Linea, Scroll, and Base, among others.
“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,” shares Matthew Tan, CEO and founder of Etherscan.
Etherscan claims that the broader goal of the acquisition is to “make on-chain data easy to access, driving mainstream blockchain adoption.”
Blockchain explorers serve a vital purpose — they allow anyone to easily monitor activity on public ledgers. Services like Etherscan and Solscan help decode dense on-chain data into readable insight, helping contextualize information on transactions, tokens, NFTs, addresses, and more.
The acquisition can be seen as a response to demand for on-chain data as Solana‘s native cryptocurrency, SOL, experienced a sharp surge in 2023. Etherscan has not provided public information on the acquisition’s price and terms.
Data from CoinGecko indicates that SOL ranks as the fifth largest cryptocurrency by market cap ($47 billion), with its spot price trading at $110, down 3.4% in the past 24-hour cycle. Using the same indicators and cycle, Ethereum’s ether (ETH) has a market cap of $283.8 billion, with the token trading at $2,360, down by -1.1%.
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