Etherscan Acquires Solscan to Expand Blockchain Data Services

Areta Advises Solscan on Acquisition by Etherscan

2024

Summary

M&A
Data & Analytics, Media

Solscan’s mission is to provide high‐quality block explorer and analytics services to the Solana ecosystem, offering merchants, developers and users detailed transaction analytics, token insights, NFT metadata and APIs. Since its founding in 2021, Solscan has built a robust user base and become one of the most respected tools in the Solana community. 

Etherscan, the premier block explorer for the Ethereum network, acquired Solscan to broaden its coverage beyond Ethereum and enhance its multi-chain capabilities. The acquisition positions Etherscan to serve users across ecosystems and deliver truly cross-network blockchain data access, reinforcing its commitment to transparency, usability and developer tooling. 

Areta acted as the exclusive financial advisor to Solscan, guiding the company throughout its sale process, facilitating strategic acquirer introductions, and steering a competitive process designed to maximise strategic alignment and shareholder value.

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