- Etherscan expands into Solana after acquiring the popular blockchain explorer Solscan.
- The purchase caps Solana’s growth year as an Ethereum alternative.
- Etherscan says Solscan’s data presentation aligns with its focus on accessibility.
Etherscan, the popular Ethereum blockchain explorer, is expanding into Solana after acquiring Singapore-based Solscan. The Malaysia-based Etherscan helps users access vital data from across blockchain networks.
Solscan’s growth and integration
Founded in 2021, Solscan serves over 3 million monthly visitors by enabling users to view Solana blockchain information and manage crypto accounts. Solana emerged in recent years as an Ethereum alternative and boasts a thriving NFT ecosystem.
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Etherscan’s purchase comes after Solana’s banner year saw its token rebound to around $100, capping a turbulent 2023. NFT sales on Solana outpaced Ethereum’s for the first time last December.
Etherscan CEO Matthew Tan said Solscan’s expertise in presenting complex blockchain data meshes perfectly with Etherscan’s ethos around accessibility and user-friendliness.
Future outlook for Solscan
While headquartered in Singapore, Solscan’s team works primarily from Vietnam. Solscan was majority-owned by Singapore blockchain developer TomoChain Lab. The two companies share common founders.
Financial terms for Etherscan’s strategic foray into the ascendant Solana ecosystem were not disclosed publicly.
