Etherscan, a popular Ethereum blockchain explorer, announced today that it has acquired Solscan, a blockchain explorer for the Solana ecosystem, in order to expand its data services across multiple blockchains.
Solscan, established in 2021, currently has over 3 million monthly active users and more than 22,000 official platform followers. It offers several features familiar to Etherscan users, including detailed address, token, and transaction data, as well as APIs, dashboards, and NFT metadata.
Etherscan stated that after the acquisition, it will continue to provide “reliable, neutral, and fair blockchain data access.” Etherscan also plans to integrate more features between different browsers and provide stronger support.
Solscan released a statement expressing that users can expect useful feature integrations between Etherscan and Solscan to enhance the exploration and analysis capabilities of both platforms. Solscan will now be a part of the Etherscan family and will focus on providing enhanced support and a more seamless user experience, including improvements to the user interface, navigation, and overall accessibility.
CoinGecko data shows that Solana’s SOL token has been soaring since October last year, reaching a peak of $120 on December 26, 2022. It is currently priced at $108, with a nearly 70% increase in the past month. Solana is currently the fifth-largest cryptocurrency by market capitalization.
As Solana continues to surge, Santiago R Santos, former partner at ParaFi Capital and founder of EON Capital, boldly predicts that Solana will eventually surpass Ethereum, with an 80% chance of SOL’s market capitalization surpassing Ethereum within three years. Santos believes that Solana can surpass Ethereum without the latter’s market capitalization shrinking. With various applications and improvements in utility, SOL and its ecosystem may become a relatively profitable investment path and attract funds from retail and institutional investors in the next market cycle.
In late last month, the trading volume of Solana’s decentralized exchanges (DEX) briefly surpassed that of Ethereum. Furthermore, in terms of global search volume on Google, Solana also momentarily surpassed Ethereum. From December 17 to December 23 last year, the popularity of the keyword “Solana” was at 56, surpassing Ethereum’s 50.
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