Solana’s Official Explorer, Solscan, Acquired by Etherscan
Solana’s network continues to make significant advancements, with the latest being the acquisition of the official Solana explorer, Solscan, by Etherscan, a leading blockchain explorer in the crypto industry.
Etherscan is renowned for its blockchain exploration services for Ethereum and Avalanche networks. Now, it has expanded its reach by adding the largest blockchain explorer on the Solana network.
On January 3rd, Etherscan announced the acquisition on their X account. They expressed their vision of providing equitable access to blockchain data and welcomed Solscan to their team.
This acquisition comes after Avalanche decided to discontinue using Etherscan’s service for its official explorer. Avalanche had been paying Etherscan a substantial amount annually for their technology. Eventually, Avalanche partnered with a smaller service provider but maintained a cross-chain service on the same Snowtrace website.
Solana Poised for Greater Success
Solana has garnered attention from investors due to its price recovery and token growth on the blockchain. It has become a hub for meme coins and surpassed Ethereum in terms of DEX volume and USDT volume.
Many are optimistic about the future of SOL’s price. Analyst PS Trade believes that the coin could reach $1,000. The analyst predicts another breakout attempt towards $148-$158 before a local top is reached.
Following this, PS Trade expects the SOL price to dip between $45 and $70 when FTX starts selling to repay creditors. From this level, a growth of 1,500% to 2,000% is anticipated, pushing the price above $1,000.
The analyst also praised Solana’s resilience after the FTX collapse, noting that the project creators successfully revived a seemingly doomed project.
Hot Take: Solana’s Acquisition of Solscan Highlights Growing Influence
Solana’s acquisition of Solscan by Etherscan underscores the network’s growing prominence in the crypto industry. With Etherscan’s reputation as a leading blockchain explorer, this move solidifies Solana’s position as a major player in the space.
The addition of Solscan to Etherscan’s ecosystem will provide enhanced access to blockchain data and further support the growth and development of the Solana network.
Moreover, with Solana’s increasing popularity and impressive performance, including surpassing Ethereum in certain areas, it is clear that the network has immense potential for future success. Investors are optimistic about SOL’s price trajectory, with some predicting significant growth in the coming months.
Overall, Solana’s recent developments and partnerships indicate a bright future for the network and reinforce its position as a top contender in the cryptocurrency market.
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