A blockchain explorer, which is a search engine that enables users to find their transaction histories, wallet balances, and interactions with contracts, is one of the most essential tools for blockchain networks. The most popular blockchain explorer for the Solana blockchain is SolScan.
Whether you are a trader, investor, developer, or casual blockchain user, you want to know the essential data on-chain, and SolScan offers this. We will explain everything about SolScan, from tracking transactions and analyzing tokens and wallets to exploring Solana’s DeFi and NFT ecosystems.
Key Functions of SolScan:
- Transaction Tracking: Get information about Solana transactions, including sender and receiver data, transaction fees, timestamps, and confirmation status.
- Wallet Monitoring: View wallet balance, historical transactions, tokens, and staked assets.
- Token Page: Track Solana-based token information like its total supply, market statistics, and token holder distribution.
- Smart Contract Queries: Explore interactions and execution history of a smart contract.
- NFT & DeFi Tracking: View NFT ownership, DeFi staking, liquidity pools, and yield farming for Solana.
Why Use SolScan?
SolScan is one of the most essential tools for all users of the Solana blockchain. Some of the most common reasons that users depend on SolScan include:
- Transaction Transparency: SolScan is a publicly accessible ledger where users can verify transactions in real time. This transparency prevents fraud and ensures that transactions are secure and verifiable.
- Investment Research: SolScan provides useful insights into the following for both traders and investors:
- Token Movements: Monitor the distribution and trading of tokens.
- Whale activity: Look up the supply of the SOL tokens the big players have. The term “whale” is used to refer to wallets with high amounts of SOL.
- Liquidity pools: Check volume and liquidity on DEX and DeFi protocols.
- Wallet Security & Monitoring: You can manage your wallet balances and past transactions through SolScan in order to keep track of your funds and ensure they are safe.
- Smart Contract Analysis: In short, SolScan offers a high-level overview of smart contracts on Solana while making it easy for developers to analyze specific details, like function calls and transaction logs, to debug applications, and verify contract interactions.
- NFT and DeFi Insights: SolScan employs customized dashboards to monitor NFT ownership, transfers, DeFi staking, and liquidity pools.
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