Cryptocurrencies are becoming increasingly popular every day, and Solana is one of the fastest-growing blockchains at this stage. Due to its high trading speed and low fees, Solana now provides an attractive platform for both developers and investors. The main challenge is that monitoring transactions, smart contracts, and wallet operations on Solana can be complicated if the necessary tools are not utilized. That’s where Solscan comes in.
Solscan is one of the best applications for exploring the Solana blockchain, providing information about transactions, accounts, tokens, and smart contracts. It is particularly useful for developers, traders, and investors seeking insights into Solana’s blockchain. In this article, you will learn what Solscan is, the functions it offers, and how to track your activities on Solana using it.
What is Solscan?
Solscan is a unique blockchain explorer that has been developed for the Solana network, as the name suggests. It enables the users to query and explore the Blockchain with details of transactions, token transfers, smart contracts, and wallet addresses. Solscan is quite the same as Etherscan but for the Solana network ecosystem.
Solscan gives current information and is helpful when receiving alerts on the performed transactions and blockchain operations to traders, developers, and investors. The platform also has no charge for the data presented, even for a first-time user.
Why Use Solscan?
Thus, based on the increased popularity of Solana, there is a problem in tracking the blockchain activity. Below are some of the top reasons why Solscan will be the best to use when it comes to tracking transactions made in Solana:
- User Interface – Solscan formats the data in blockchains in a simple manner, making it possible to find some piece of information.
- Real-Time – This is a real-time system that braces users from fraudulent and erroneous transactions and other kinds of scams.
- Customizable Search Filters – These allow searching for transactions, tokens, NFT transactions, and smart contract addresses using wallet addresses or transaction hashes.
- Use Cases – Solscan gives precise information regarding balances, tokens, and other contract usage.
- DeFi & NFT Tracking – The platform tracks DeFi and NFT data; the user can monitor liquidity pools, swaps, and NFTs.
- Accessible for everyone – First and foremost, Solscan does not require any cost for using the tool, unlike other similar blockchain explorers.
How to Use Solscan for Tracking Solana Transactions
The Solscan platform is user-friendly and does not require the user to have a blockchain experience. The following are the essential steps to assist you in getting a head start:
1. Accessing Solscan
First of all, go to the SOLSCAN website with the help of the link: To get access to the conventional information databases, you don’t have to create an account with DuckDuckGo.
2. Searching for a Transaction
It is identifying to check a specific transaction on the Solana network, and you require a specific transaction ID or TxID for this purpose. To retrieve similar results, one has to enter the TxID into the search bar on the Solscan home page and hit enter. You’ll see details such as:
Sender and receiver wallet addresses
Transaction amount
Block confirmation status
Gas fees and execution time
3. Checking Wallet Balances and Activity
Anyone can search any Solana wallet address to see:
Current SOL balance
The tokens that are present in the wallet can be listed below
Transaction history
Interactions with smart contracts
This option is particularly helpful when an individual is managing their investment portfolio or confirming the details of a certain transaction.
4. Tracking Tokens and NFTs
For those engaged in tokens built on Solana or those who own NFTs, Solscan has metrics for tokens and NFTs. In general, when looking for a contract address based on a token, you can collect information such as:
Token name and symbol
Market capitalization
Total supply and circulation
Holders and distribution
In its current capacity, Solscan allows users to get information about its ownership history, minting status, and the sell/buy history of NFTs.
5. Exploring Smart Contracts
Specifically, it offers a chance for developers and users to analyze smart contract activities. You can view:
Contract interactions
Code verification
On-chain execution history
Thus, when auditors and speculators examine the decentralized application (dApp) and assess the projects’ credibility, this aspect is useful to them.
Advanced Features of Solscan
It is not only a tracker for transactions but has different useful features for further analysis of the blockchain:
DeFi Dashboard: It’s built to be used as analytics for DEXs, liquidity pools, and yield farming.
Block explorer: The block explorer provides real-time updates and details of blocks and validators.
Sollet: Sollet is also a very useful tool through which a developer can create or design different tokens based on SOL.
API Specification: Provides the technical details on how users can integrate Solscan solutions into their applications.
Historical Data Analysis: Allows the user to view previous transactions and study the pattern of blockchains.
Validator Summary: Gives information about Solana’s validators and partial ownership.
The Future of Solscan
Thus, according to the idea of its continuous development, Solana is likely to add new features, enhance the quality of data analysis, and make users more satisfied with the system. Further, to the current development priorities with more emphasis on depth in functions that include the NFT platforms, the developers are already in the process of adding other functionalities such as security analysis and support for DeFi projects.
Due to these changes, it will be quite probable that Solscan will continue to be the go-to blockchain explorer for Solana users globally.
Conclusion
I would recommend Solscan to anyone involved or interested in Solana because it is useful for basic analysis. Whether one is validating a trade or monitoring the tokens, Solscan makes it easier to analyze the information in the blockchain. Solscan is the best tool to track Solana transactions for being fast and easy to use with real-time features and tracking capabilities.
Disclaimer:
The information provided in this article is for educational and informational purposes only. We do not offer financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve risks. Always conduct your research and consult with a professional before making any financial decisions. We are not responsible for any losses or damages resulting from the use of this information. Use Solscan and other blockchain tools at your discretion.
FAQ’s
How can Solscan help DeFi users?
DeFi traders use Solscan to track liquidity pools, yield farming rewards, and DeFi transactions with full transparency.
Is Solscan available on mobile devices?
Yes! Solscan is fully mobile-friendly, so you can track your transactions anytime, anywhere.
Does Solscan show real-time Solana blockchain data?
Yes! Solscan updates instantly as new blocks are added, ensuring you get the most up-to-date blockchain information.
Is Solscan safe to use?
Yes! Solscan is a read-only tool, meaning it doesn’t require your private keys, making it completely safe for tracking data.
Can I track NFTs on Solscan?
Absolutely! Solscan displays NFT ownership, transfers, and metadata, making it easy to verify assets on Solana.
