Solscan, the Solana ecosystem block explorer, has been acquired, according to Etherscan announcements on January 3.
Today announcement from Solscan marks a notable step in the blockchain industry as it joins Polygonscan within the family of Etherscan block explorers. Founded in 2015, Etherscan is one of the first crypto projects mainly focused on the EVM space. It also offers an explorer-as-a-service product for blockchain explorers.
Since its founding in 2021, Solscan has grown into a leading explorer within the Solana ecosystem, catering to more than three million monthly users. The suite of offerings, including detailed address, token, transaction information, APIs, dashboards and NFT metadata, mirrors the services provided by Etherscan, but on the Solana network.
According to Solscan’s announcement, the partnership with Etherscan will bring a range of improvements and innovations, including “the integration of additional useful features into both Etherscan and Solscan, enhancing the exploration and analysis capabilities of both platforms.”
The roadmap for this merger outlines a number of key developments, and users can reportedly expect new features that will improve the user experience. This includes improvements to user interfaces, navigation and overall accessibility to provide improved support and a more seamless user experience.
Solscan promises to maintain its commitment to the Solana community and ensure “unparalleled blockchain exploration services.” The shared vision of both entities reportedly focuses on providing credible neutral and equitable access to blockchain data, supporting their efforts to ensure transparency and fairness in the blockchain space.
Matthew Tan, CEO and Founder of Etherscan, emphasized aligning Solscan’s expertise in making blockchain data accessible and user-friendly with Etherscan’s mission. He expressed his excitement about the potential of this acquisition to further contribute to the blockchain ecosystem.
“The Solscan team has proven their expertise over the years by offering detailed insights and analysis. Their expertise in making blockchain data accessible and user-friendly also fits perfectly with our mission at Etherscan.”
Solana has gained 320% on Ethereum since September 2023, increasing from 0.010 ETH to 0.045 ETH per SOL. At its lowest point, 1 SOL was worth only 0.0066 ETH in December 2022, after the fallout from FTX. Solana has also risen 560% since September 2023 in US dollar terms, from $16 to $106.
Etherscan’s acquisition of Solscan further highlights the resurgence of the Solana ecosystem, with notable players in the web3 space seeing value in the Solana-based technology.