Connect with us

Crypto

Etherscan Expands with Solscan Acquisition Amid Solana (SOL) Rally

Etherscan acquires Solscan collaboratively, expanding its blockchain services amid Solana’s rise. SOL vs. ETH competition intensifies.

Jay Hicks

Published

on

Etherscan Expands with Solscan Acquisition Amid Solana (SOL) Rally

Etherscan, renowned for its Ethereum blockchain explorer, embarks on a journey in the New Year as it acquires Solscan, a block explorer operating within the Solana ecosystem. This acquisition represents a collaborative merging, highlighting Etherscan’s dedication to broadening its reach and enhancing blockchain data services across multiple networks.

Solscan: A Rising Star in the Solana Ecosystem

Established in 2021, Solscan has a user base serving over three million monthly users and has collected a strong community of over 23,000 subscribers on X . Its block explorer shares features with Etherscan, including comprehensive address, token, transaction data, APIs, dashboards, and nonfungible token (NFT) metadata support.

Also Read: Expert Highlights Solana’s Cutting-Edge Parallel Transaction Processing

With this acquisition, Etherscan will continue to uphold its mission of providing credibly neutral and equitable access to blockchain data. Additionally, the company plans to integrate new features across different explorers and offer enhanced support to its growing user base.

Etherscan CEO’s Confidence in Solscan Expertise

Etherscan CEO and co-founder Matthew Tan expressed confidence in the Solscan team’s expertise, stating that their dedication to offering detailed insights and user-friendly blockchain data aligns perfectly with Etherscan’s mission. Etherscan acquires Solscan collaboratively, expanding its blockchain services amid Solana’s rise. SOL vs. ETH competition intensifies.

SOL vs. ETH: The Cryptocurrency Showdown

Meanwhile, the Solana token, SOL, currently trades at $110, experiencing a 3.5% decrease over the past 24 hours, according to CoinGecko data. SOL has emerged as the fifth-largest cryptocurrency by market capitalization, valued at nearly $47 billion.

Speculations and Surpasses: SOL vs. ETH

Industry observers have begun speculating about the possibility of SOL surpassing Ether (ETH) in value. In late December, Solana momentarily overtook Ethereum in terms of daily decentralized exchange (DEX) trading volumes, showcasing the growing influence of the Solana network. Furthermore, Solana outperformed Ethereum in Google searches during the same period, scoring 56 compared to Ethereum’s 50.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *