Photo credit: Marco Verch
The Malaysia-based company behind Etherscan, the popular Ethereum blockchain explorer, has acquired Solscan, a similar tool for the Solana blockchain. The move lets Etherscan expand “the accessibility of blockchain data across multiple networks.”
The deal terms were not disclosed.
Founded in 2021, Solscan serves over 3 million users monthly in the Solana ecosystem, which has been described as an Ethereum alternative. The platform helps users view information in the Solana blockchain, in addition to managing their accounts, tracking transactions, and looking for investment opportunities across various crypto platforms.
The move comes as Solana ended 2023 on a strong note. NFT sales on the network surpassed that of Ethereum for the first time in December 2023.
The price of Solana’s token fell under US$10 after the collapse of crypto exchange FTX, which held a substantial number of the asset. The token now hovers around US$100.
Matthew Tan, founder and CEO of Etherscan, said in a statement that Solscan’s expertise in making blockchain data accessible and user-friendly “aligns perfectly” with Etherscan’s mission.
Solscan is headquartered in Singapore, but its team – including founders Long Vuong and Le Ho – is primarily based in Vietnam.
The company was majority owned by TomoChain Lab, a Singapore-based blockchain software developer, according to data from Alternatives.pe. TomoChain and Solscan share the same co-founders.
See also: Malaysian court order against Luno causes concern across crypto firms
Editing by Putra Muskita and Jaclyn Tiu
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