With the new year already starting, the cryptocurrency market has witnessed one of the most important acquisitions in the sector – that of the leading block explorer for the Solana (SOL) ecosystem by an explorer for the Ethereum (ETH) blockchain.
Indeed, Etherscan said that its Solscan purchase represented a “collaborative merging,” which aims to continue the company’s “ongoing efforts to improve the accessibility of blockchain data across multiple networks,” according to the announcement posted on January 3.
Best of two worlds
Commenting on the sale, Etherscan CEO and founder Matthew Tan explained that the key arguments for the decision were the Solscan team’s skills in offering comprehensive blockchain data and making it simpler for the less technologically savvy users:
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“The Solscan team has proven their expertise over the years by offering detailed insights and analytics. Their expertise in making blockchain data accessible and user-friendly also aligns perfectly with our mission at Etherscan.”
Furthermore, the company said that Solscan had served over 3 million monthly users since its launch in 2021, as well as highlighting that it had features familiar to Etherscan users, such as detailed address, token, and transfer information, as well as APIs, dashboards, and non-fungible token (NFT) metadata.
Finally, the announcement ended with a pledge to continue “providing credibly neutral and equitable access to blockchain data,” bringing in more helpful features across explorers, as well as offering better support and a more user-friendly experience.
Elsewhere, Solana’s native token was at press time changing hands at the price of $109.19, which is a decline of 5.83% in the last 24 hours, as well as a 2.14% drop across the previous seven days but still holding onto the impressive monthly gain of 71.46%.
At the same time, the price of Ethereum stood at $2,373, suggesting a loss of 1.46% on the day but nonetheless an increase of 5.39% over the week and a 5.1% growth on its monthly chart, as per the most recent data on January 3.
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