What is Solscan? How to use it?

As the “on-chain search engine” of the Solana ecosystem, Solscan has become the preferred tool for over 2 million users due to its professionalism and ease of use. Whether tracking transactions, analyzing tokens, or monitoring the dynamics of the DeFi and NFT markets, Solscan provides real-time and transparent data support. This article will systematically analyze its core functions and operational logic to help you quickly grasp the essence of this blockchain explorer.

Core Functionality Positioning of Solscan

Solscan is a blockchain explorer designed specifically for the Solana network, covering multiple dimensions such as transaction tracking, address analysis, token verification, NFT monitoring, and DeFi data dashboards. Similar to Ethereum’s Etherscan, it reduces the barrier for users to understand by visualizing complex on-chain data. For example:

• Transaction Transparency: Each transaction is identified by a unique signature, allowing users to accurately query the transaction status, fees, and participant addresses.
• Multidimensional Analysis: Provides a real-time network status dashboard, including key indicators such as Transactions Per Second (TPS), total staked amount, and active account numbers, helping users grasp the overall trends of the ecosystem.

Basic Operation Guide: Full Chain Tracking from Trading to Tokens

Transaction Query: The Core Steps to Verify On-chain Activities

• Input transaction signature: Paste the transaction hash (usually 80 - 90 characters) in the search bar on the Solscan homepage to view the transaction’s timestamp, fee, signer address, and block information. If it shows a “Success” status, it indicates that the transaction has been successfully added to the blockchain.
• Interpreting the Data Dashboard: On the transaction details page, users can track the flow of funds and token transfer records through the SOL balance change and token balance change tabs.

Address Monitoring: Key to Understanding Wallet Dynamics

• Enter wallet address: Input the Solana address in the search bar to view the real-time balance, token holdings, and historical transaction records of that address. This feature is particularly useful for verifying the fund movements of project parties or monitoring high-risk addresses.

Token Verification: Essential Skills to Mitigate Risk Assets

• Contract Address Inquiry: Enter the token contract address to obtain data such as total supply, wallet distribution, market liquidity, etc., to assist users in identifying fraudulent projects like “Pi Xiu Pan”.
• Token Comparison Analysis: Through the Market Overview and DeFi Activities tab, users can evaluate the trading volume and liquidity depth of tokens on decentralized exchanges such as Raydium and Orca.

Advanced Features: Unlock Ecological Analysis and Investment Decisions

NFT and DeFi Market Insights

• NFT Dashboard: Click on the NFT leaderboard on the homepage to view the floor price, trading volume, and minting dynamics of popular NFT collections in the Solana ecosystem (such as DeGods), and directly jump to trading platforms like Magic Eden.
• DeFi Data Aggregation: Through the DeFi navigation tab, users can monitor the Total Value Locked (TVL), 24-hour trading volume, and liquidity pool distribution of mainstream protocols (such as Raydium, Orca) to identify high-yield mining opportunities.

Network Health Assessment

• Real-time network metrics: On the analysis > Solana network page, you can view data such as TPS, active account numbers, block generation speed, etc., to assess network congestion. For example, if TPS remains below 3,000, it may indicate a decline in network performance.
• Staking and Validator Analysis: Through the staking dashboard, users can evaluate the staking yield, uptime, and commission rate of validator nodes to optimize their staking strategy.

Three Key Strategies to Improve Query Efficiency

• Precise Search: Prefer using contract addresses or transaction hashes to avoid misjudgment caused by token name duplication.
• API Integration: Developers can access on-chain data through Solscan’s public API and integrate it into custom applications for automated monitoring.
• Account Registration: Although basic features do not require login, registering an account unlocks advanced features such as personalized dashboards and trading alerts.

Risk Avoidance Guide

• Verify data source: The token contract address should be confirmed through official project websites or authoritative platforms like CoinMarketCap to avoid phishing links.
• Be aware of network delays: If the transaction status shows “Pending” for a long time, it may fail due to insufficient Gas fees or network congestion. It is recommended to resend a small test transaction.

Although Solscan is a benchmark tool in the Solana ecosystem, users can also cross-verify with Solana Explorer (the official explorer) or Solanascan, which is especially suitable for developers debugging smart contracts on the Testnet. Additionally, by integrating market data from CoinGecko or DEX Screener, a more comprehensive investment analysis framework can be built.

Conclusion: Essential Skills for the Era of On-chain Transparency

Solscan is not just a technical tool, but a “data passport” for users to participate in the Web3 ecosystem. By skillfully utilizing its multidimensional features, investors can penetrate market noise and make rational decisions based on on-chain facts. As Solana co-founder Anatoly Yakovenko said, “The value of blockchain comes from verifiable transparency, and the significance of tools lies in empowering every participant with this power.”

Author: Blog Team *This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of the services from restricted areas. Please read the user agreement for more information, link: