Etherscan Acquires Solscan, Solana NFTs Make History

In a strategic move set to redefine the blockchain exploration landscape, Etherscan, the premier block explorer for Ethereum transactions, has acquired Solscan, the widely recognized explorer for the Solana blockchain. This collaborative merging, announced on January 3, is positioned as a momentous step that promises significant contributions to the Solana ecosystem.

1/ 🚨BREAKING🚨We are honored to announce the acquisition of Solscan by Etherscan, the world's leading block explorer. A momentous step in the world of blockchain exploration that will be a stepping stone for greater contributions to the Solana ecosystem. pic.twitter.com/K0Bh6Ntt6J

— Solscan (@solscanofficial) January 3, 2024

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Solscan, founded in 2021, expressed the need for growth and increased usability, especially in light of Solana’s recent surge in popularity. With an average of three million monthly users, Solscan provides functionalities akin to Ethereum’s Etherscan, such as transaction records and NFT metadata. However, the acquisition aims to bridge existing gaps, particularly in features like contract verification, a critical aspect for community members to audit the code of new and popular projects.

Etherscan, established in 2015, hinted at forthcoming features for both explorers without specifying details. The emphasis remains on providing credible, neutral, and equitable access to blockchain data, enhancing support, and delivering a seamless user experience.

Users can anticipate the integration of additional features across both Etherscan and Solscan, amplifying exploration and analysis capabilities on both platforms.

Meanwhile, in a groundbreaking achievement for the NFT market, Solana NFTs have surpassed Ethereum in monthly sales volume for the first time ever. According to CryptoSlam, Solana NFT sales reached approximately $366.5 million in December 2023, exceeding Ethereum’s $353.2 million. This historic milestone underscores Solana’s escalating influence, with a notable rise in user engagement, both from sellers and buyers.

Comparatively, Ethereum’s NFT sales remained stable in December, while Solana witnessed a dramatic increase. Solana’s price surge, coupled with projects like Tensorians and Mad Lads, contributed to this upswing. Notably, Ethereum’s flagship NFT collections, including Bored Apes and Pudgy Penguins, continue to bolster the blockchain’s sales statistics.

The acquisition of Solscan by Etherscan and Solana’s landmark achievement in NFT sales volume mark pivotal moments in the evolution of blockchain exploration and NFT markets. These developments reflect the dynamic and competitive nature of the blockchain ecosystem, with an ongoing quest for transparency, usability, and inclusivity.

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