Breaking: Etherscan Acquires Solana Explorer Solscan, Fuels Web3 Expansion

Published by

Qadir AK

January 3, 2024

Just 3 days into 2024 and the crypto updates continue to roll in! Now, Etherscan, a renowned platform for Ethereum network insights, has expanded its horizons by acquiring Solscan, Solana’s leading block explorer.

Etherscan has now incorporated the comprehensive Solscan ecosystem, which also includes BscScan, the explorer for BNB Smart Chain. This strategic move aims to harness the rapid growth of Solana, ensuring its sustained momentum with the backing of Etherscan’s expert team.

Etherscan’s Legacy

Since 2015, Etherscan has been a key player alongside Ethereum’s development. It has evolved into a multifaceted platform offering tools for various Ethereum testnets and mainnet upgrades. For the growing Decentralized Financial (DeFi) sector, Etherscan provides adaptable API plans, ranging from free access to an advanced pro-tier priced at $899 monthly.

The power of strong partnerships

Currently, Etherscan collaborates seamlessly with prominent crypto entities such as MetaMask, Binance, Coinbase, Coingecko, and imToken. This acquisition signifies a significant stride for both Etherscan and Solscan, setting the stage for a combined effort to promote the wider adoption of web3 technology.

Beyond Market Dynamics

Although the acquisition doesn’t directly influence the token prices, it holds promise for Solana’s ecosystem. With Solana boasting a Total Value Locked (TVL) nearing $1.47 billion and a stablecoin market cap surpassing $1.8 billion, the collaboration with Etherscan is poised to further elevate its position. As highlighted in the official announcement, users can look forward to a collaborative approach aimed at enhancing both Etherscan and Solscan’s capabilities.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.