Etherscan acquires Solana block explorer Solscan, collaborative merger between disparate chains

Collaborative merger of disparate chain infrastructures

With the development of blockchain technology, mergers and acquisitions between related companies are becoming more active. As an example, on the 3rd, Etherscan, a major Ethereum exploration site, announced the acquisition of Solana’s block explorer Solscan. The acquisition is being described by both companies as a “cooperative merger.”

Solscan is a data analytics platform that provides free access to real-time information on the Solana blockchain. The platform enables detailed analysis of addresses, tokens, transactions, and NFT metadata on the Solana blockchain through a user-friendly interface.

According to Etherscan, Solscan has served more than 3 million users per month since its founding in 2021. The purpose of this integration is to unify functionality between Ethereum and Solana explorers to improve user accessibility and experience.

Going forward, Solscan will continue to pursue insights within the Solana ecosystem and continue to provide the Solana community with a reliable and innovative block explorer.

Etherscan itself primarily provides Ethereum data and deploys solutions that provide insights into wallets and tokens. Etherscan’s Explorer-as-a-Service (EaaS) product range included major EVM (Ethereum Virtual Machine) compatible chains such as Optimism, Arbitrum, Polygon, Linea, Scroll, and Base, but non-EVM chains The addition of Solana is a notable move in the industry.

Etherscan CEO and Founder Matthew Tan credits the Solscan team with its expertise in making blockchain data more accessible and easier to use. Through this acquisition, Etherscan aims to “facilitate access to on-chain data and accelerate mainstream adoption of blockchain.”

The acquisition comes as part of a move to meet demand for on-chain data as Solana’s native cryptocurrency, SOL, grows by +942.1% in 2023. The acquisition price and specific terms have not been disclosed at this time.

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