Solscan is a web-based platform designed to provide users with a comprehensive view of all activities on the Solana blockchain. The platform allows users to view transactions, accounts, blocks, and tokens on the Solana blockchain. In addition to these, it also features an exhaustive dashboard that gives real-time data on DeFi protocols, NFTs, and other valuable metrics.

It was developed by the Solana Foundation, a not-for-profit organization that develops open-source blockchain protocols for decentralized applications. Solscan is also an open-source project that translates the complex activities happening on the Solana network into human-readable forms. It offers a range of features allowing users to access critical information like contract codes, event logs, token holders, transaction details, fund balances, and many more.

Solscan can also identify security vulnerabilities in smart contract activities on Solana. Because the platform provides real-time coverage, users can monitor their activities leading to added layers of scrutiny and security. Whether you are a crypto holder, investor, developer, or crypto enthusiast, anyone can enjoy Solscan as a valuable tool for their Solana exploration needs.

How to Use the Tool

Solscan is a relatively simple tool with a rich directory of features that allows users to explore everything about the Solana blockchain. To get started, go to the platform’s official website at solscan.io. Here is a breakdown of how users can navigate every feature on the Solscan ecosystem:

Using Solscan to Track Transactions

The most commonly used feature on Solscan is the transaction search function. Every transaction processed on Solana has a unique identity signature that users can enter into the search bar. This identity signature is a string of alphanumeric characters which can be found in your smart contract.

To track transactions, enter the unique identity signature into Solscan’s search bar on the homepage:

Source: Solscan

After searching the transaction ID, you will see an interface showing the transaction overview, SOL balance charge, and token balance charge. This shows all the information about the transaction including timestamp, fee, signer, and many more.

Source: Solscan

Using Solscan to Track Address Activity

To identify the smart contract activities on a wallet, looking up such address activities via Solscan has proven to be a valuable tool.

Paste the wallet address into Solscan’s search bar and press Enter to get started. You will receive detailed information about the wallet:

Source: Solscan

Using Solscan to Track Tokens

You can also track tokens on Solscan, for instance, memecoins. To get started, enter the token name or contract address into the search bar and press Enter.

This is an example of an exploration of the WOJAK token:

Source: Solscan

After selecting WOJAK from the drop-down options, a web page containing detailed information about the token will appear:

Source: Solscan

To obtain more accurate results, you can get the valid token address on CoinMarketCap or via the token’s official website.

Using Solscan to Track NFTs

Because Solana has a fully-fledged NFT marketplace, numerous NFTs can be explored on Solscan. Click on the NFT tab on the Solscan homepage to explore NFTs or search for a preferred one using the search bar.

Source: Solscan

You can click on a particular NFT to obtain detailed information about it such as addresses, royalties, current supply, and much more.

Source: Solscan

Using Solscan to Search DeFi Dashboards

Solscan also has a DeFi tab on its homepage that features the numerous decentralized exchanges on the Solana blockchain. You can explore the available ones via the drop-down menu on the DeFi tab:

Source: Solscan

Analyzing the Solana Blockchain using Solscan

The platform also contains the Analytics feature that allows users to explore the real-time state of the Solana blockchain such as Solana active accounts, transactions per second (TPS), stablecoin dashboard, and fee tracker.

Source: Solscan

After hovering on the Analytics tab, you can click on the Solana Network to explore Solana analytics like transactions per second, number of blocks created, number of active accounts, active wallets, tokens, and many more.

Source: Solscan

Conclusion

Whether you want to investigate a transaction made via the Solana network, inspect the latest NFT, or check the authenticity of the wallet address of a new project, Solana blockchain explorers are a must-have. Solscan has emerged as one of the most used explorers within the Solana ecosystem because of the various features that set it apart. Consequently, a detailed understanding of its layout and functionalities is important to seamlessly navigate the ever-evolving Solana ecosystem. By offering transparent insights into wallet activities, a user-friendly interface, and real-time monitoring, Solscan has become an essential resource for Solana enthusiasts.