What Is SolScan And Its 5 Useful Functions
SolScan is a Solana blockchain explorer alternative. It grants you access to blockchain data on transactions, contracts, accounts, and other topics. Thus, an actual understanding of SolScan and how to utilize a blockchain explorer is highly important if you regularly use Solana or perform any troubleshooting.
Solana is a Proof of Stake (PoS) blockchain that allows project developers to create DApps, currencies, and smart contracts. Like BscScan and EtherScan, Solana offers a specialized block explorer named SolScan.
What is SolScan?
SolScan is a blockchain explorer used to search through information on the Solana blockchain. It’s a popular alternative to the official Solana explorer. SolScan turns complex transactional data into simple ones. The block explorer provides access to anything recorded on-chain, including crypto transactions, addresses, smart contracts, blocks, tokens, and more.
Notably, it’s free to use and doesn’t require an account, but you can create one and log in for enhanced functionality.
Why should I use SolScan?
Using a blockchain explorer can help seek where your staked funds have gone, or perhaps a transaction is still pending. Basically, users can use SolScan to find out what’s happened.
All information on SolScan comes directly from the Solana blockchain, so users can be sure of the accuracy.
SolScan uses the same format as EtherScan. Many users prefer its layout to Solana’s official explorer. It’s all free to use and contains several tools, lists, and analytical graphs. The explorer also contains a set of public APIs that can leverage real-time data from SolScan into custom, third-party applications, and tools.
How to look up transactions and addresses on SolScan?
The search capability for transactions and addresses is one of SolScan’s most popular features. Users can easily obtain a vast quantity of information by using the right hash. Transaction costs, confirmations, timestamps, addresses involved, and other details are all included.
1. Every Solana transaction is signed and logged on the Solana mainnet. The following is a lengthy string of numbers and letters sample:
2. Copy and paste the signature into the SolScan search field and press enter.
3. You’ll now see all available information about the transaction. This is divided into three categories:
- SOL Balance Change
- Token Balance Change
4. The Overview category will have most of the details.
|Signature||An alphanumeric string uniquely assigned to each transaction. It’s an identifier similar to Ethereum’s Transaction Hash or TxID.|
|Block||The block number your transaction was processed in. These numbers are sequential and indicate your transaction’s placement within the blockchain’s history.|
|Timestamp||The timestamp associated with the block in which your transaction was processed.|
|Result||The transaction’s confirmation status.|
|Signer||The wallet address that initiated the transaction.|
|Fee||The fee paid for the transaction.|
|Main Actions||An overview of the activities associated with the transaction.|
|Previous Block Hash||The alphanumeric hash to identify the previous block.|
|Instruction Details||A detailed log of the transaction’s actions.|
|Program Log||A detailed log of the instructions/actions results.|
5. The SOL Balance Change and Token Balance Change tabs provide data on the transaction’s token balance changes for all parties involved.
Users can check a detailed history of the address’s activities. This can give users an overview of the transactions and smart contract interactions of a particular wallet.
1. Find the Solana address to look at. It’s shorter than a signature and looks something like this:
2. Copy and paste the address into SolScan’s search bar and hit Enter.
3. All available information about the account will be displayed in detail. The Overview section shows current account balances, while the bottom tabs deal mainly with transaction history.
How to find tokens on SolScan?
Tokens are easily verified on SolScan, and their data are displayed in full. All you have to do is:
1. Enter the token address into SolScan’s search field by copying and pasting it. We utilized a wrapped version of Bitcoin (BTC) in this example, but you may also use a wrapped version of Ethereum (ETH) or any other SPL-token on the Solana network.
The token address looks like this:
2. After users entered the address, users would see the following information.
|Fully Diluted Market Cap||This is the max total supply multiplied by the token’s current price. It’s called diluted because it also includes locked tokens.|
|Max Total Supply||The total number of tokens that will ever exist for a particular cryptocurrency, whether previously mined or issued in the future.|
|Holders||The number of addresses holding the token.|
|Social Channels||Links to the token’s official social media channels.|
|Token name||The name and ticker of the token in the format: [token name (TICKER)].|
|Token address||Unique alphanumeric address assigned as an identifier for each token.|
|Owner Program||A class type and unique ID indicating the specific owner program responsible for reading and writing data to the blockchain.|
|Authority||The account (usually multi-signature) that has authority to validate transactions within the network.|
|Decimals||How divisible a single token is (the number of decimals allowed).|
|Tags||Descriptive tags used to indicate the nature of the token. It can be used to find similarly categorized tokens.|
|Transactions||A complete and sequentially ordered list of all token transactions.|
|Holders||A full list of all accounts holding the token ordered by total quantity held and percentage share.|
|Analysis||Graphs on token distribution and holders.|
|Markets||A list of all known markets and pairs supporting the token.|
How to find Solana’s active accounts?
1. Users can find out the number of active accounts and other key blockchain metrics by clicking Analytics.
2. The SolScan analytics page has a wide range of information about network nodes, transactions per second (TPS), new tokens, new NFTs, and more. Under the Accounts header, users can find the number of daily active wallets.
3. Note that users can select different periods at the top right corner.
How to access DeFi dashboards on SolScan?
1. Some of the largest DEXs in the Solana ecosystem have dashboards built into the Solana block explorer. Users can find it quickly under the Defi tab.
2. Orca dashboard shows basic information on Total Value Locked (TVL), volume, and active trading pairs available in their liquidity pools.
How to access the NFT dashboard on SolScan?
1. SolScan makes it easy to see new NFTs, trades, and collections with the NFT dashboard.
2. The NFT dashboard will help search through any NFT available on Solana. The Collections tab will display a list of NFT projects based on volume. The Trades tab will show the most recent sales, while the New NFTs will list the most recent mints.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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