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Qadir AK
Qadir AK
Author
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.
- Jan 03, 2024 08:29 UTC
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Breaking: Etherscan Acquires Solana Explorer Solscan, Fuels Web3 Expansion
Etherscan has acquired Solscan and can now incorporate Solana's data through this strategic move.
Leveraging Etherscan's experience and tools, Solana's ecosystem stands to benefit from increased visibility and potential growth.
This acquisition signals a broader push for wider adoption of web3 technologies, not just financial gains.
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.
Read more below.
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.
Read More: 2023 Web3 & Crypto Funding Report: Trends, Insights, and Predictions
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.
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