Leading block explorer Etherscan has officially acquired Solscan, a prominent block explorer catering to the Solana ecosystem. As per reports, this acquisition highlights Etherscan's commitment to providing comprehensive blockchain data services beyond the Ethereum network.

Etherscan announced the acquisition in a statement, expressing its intention to integrate valuable features from both Etherscan and Solscan. Describing the acquisition as a "collaborative merging," the move aligns with Etherscan's ongoing efforts to expand its data services across multiple blockchain networks. 

Matthew Tan, CEO and founder of Etherscan, highlighted Solscan's proven expertise in offering detailed insights and analytics, emphasizing its compatibility with Etherscan's mission.

According to Etherscan, users can anticipate several key developments as a result of this acquisition:

• Credible Neutrality: The continued commitment to providing credible neutrality in blockchain data provision.
• Feature Integrations: The addition of useful feature integrations across both Etherscan and Solscan platforms.
• Streamlined User Experience: A more seamless and user-friendly experience between the two platforms.

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Solscan's Vital Role in the Solana Community

Since its launch, Solscan has solidified its position as a crucial data source for the Solana community, serving over three million active monthly users. 

Similar to Etherscan, Solscan provides a user-friendly interface for analyzing detailed addresses, tokens, transactions, and NFT metadata on the Solana blockchain. Additionally, Solscan offers developer APIs and customizable dashboards for robust blockchain analytics.

The acquisition occurs amid a significant rally in Solana's native cryptocurrency, SOL. As of the latest data, SOL is the fifth-largest cryptocurrency by market capitalization, valued at nearly $47 billion. The token has experienced a remarkable rally of 71% over the past 30 days, reaching over $108 as of writing.