Tips for Using SolScan

An Introduction to the Solana Blockchain

Solana, a high-performance blockchain platform based on the Proof-of-Stake (PoS) consensus mechanism, is designed for developers to efficiently build decentralized applications (DApps), issue tokens, and deploy smart contracts. Its excellence lies in its unprecedented high transaction processing capability and extremely low latency, aiming to meet the demand for widespread global adoption of cryptocurrencies and distributed applications.

Introduction to SolScan

In the blockchain ecosystem, block explorers serve as crucial bridges for users to interact with on-chain data. Just like EtherScan in the Ethereum ecosystem, Solana also has a powerful block explorer called SolScan. It acts as the data gateway for the Solana network, allowing users to easily view, search, and parse all key data such as transaction information, account status, and smart contract activities occurring on the Solana chain. In the following section, we will delve into the core functions of SolScan and its step-by-step usage tutorial to help users better master this powerful tool.

The Necessity and Advantages of Using SolScan

SolScan plays the role of a dedicated on-chain detective in the Solana ecosystem, providing users with real-time, accurate, and intuitive blockchain data query services. For anyone conducting transactions or holding assets on the Solana network, whether stakers want to track fund flows or ordinary users are concerned about transaction status, SolScan is an indispensable tool. It directly obtains information from the Solana blockchain and presents it to users in a highly reliable manner, ensuring the authenticity and credibility of the data.
SolScan's user interface is friendly and its layout logic is clear. It has borrowed successful experiences from EtherScan, making it easy for users familiar with other blockchain explorers to adapt and use efficiently. Compared to the official browser, many users prefer SolScan because of its more humanized interface and rich functionality, including a series of free tools, lists, and dynamic charts that help users deeply analyze on-chain activities.

In addition, SolScan not only provides convenient front-end query services but also opens up a series of public API interfaces, allowing developers to integrate real-time Solana chain data into their third-party applications and tools, greatly expanding its application scope and value in the cryptocurrency ecosystem. Through SolScan, users can better understand the operating mechanism of the DApps they participate in and the details of transactions, enabling them to make more informed investment decisions.

Step-by-Step Guide to Searching for Transactions and Addresses on SolScan

In the Solana ecosystem, searching for transaction and address information on SolScan is a basic and important operation. Here's a specific guide:

Transaction Search & Parsing

1. Enter Transaction Hash: Every transaction that occurs on the Solana mainnet has a unique signature (e.g., 5JLcGJQfZjEEuh1bSDqyw2iEfLuFRoYRJY1paoSwrZC8c8zZFW3VqvxsJgjW3bsUjTrpEUDEtvs83PxsuR6hUWqz). Copy and paste this signature into SolScan's search bar.

2. View Transaction Details: After pressing Enter, all relevant information about the transaction will be displayed, including:

- Overview provides basic information about the transaction, such as block number, timestamp, confirmation status, signer (wallet address of the initiating transaction), fees, and an overview of the primary operations performed by the transaction.

- Block hash helps users track the location of the transaction in the blockchain.

- Instruction details and program logs provide deeper insights into the execution of the transaction.

- The SOL Balance Change and Token Balance Change tabs detail changes in SOL or token balances before and after the transaction.

Address Lookup & Analysis

1. Enter Wallet Address: A Solana address is typically short, e.g., 138KHwTqKNWGLoo8fK5i8UxYtwoC5tC8o7M9rY1CDEjT. Copy the target address to the SolScan search bar.

2. Reveal Account Overview: After pressing Enter, SolScan will display the current overview of the address, including its current SOL and other token balances.

3. Browse Transaction History: Located at the bottom of the page, the tab collection displays all transaction history records related to the address, allowing users to gain a deep understanding of the wallet's historical trading behavior, smart contract interactions, and even potential participation in DApps or DeFi projects. Through this data, users can comprehensively understand the on-chain activity patterns and potential risk and reward characteristics of a specific wallet.

Step-by-Step Guide to Finding and Interpreting Token Details on SolScan

SolScan, a powerful block explorer tool in the Solana blockchain, offers an extensive and user-friendly service for querying detailed token information. Follow these steps to search for and analyze specific data of tokens on SolScan:

1. Search for Token Address: First, obtain the unique address of the target token, such as the wrapped version of Bitcoin (BTC) on the Solana network with the address "9n4nbM75f5Ui33ZbPYXn59EwSgE8CGsHtAeTH5YFeJ9E". Copy and paste this address into SolScan's search bar, then press Enter.

2. View Token Details: After entering the correct address, SolScan will display various core parameters of the token:

- Fully Diluted Market Cap: The theoretical total value calculated based on the maximum supply and current price.

- Maximum Total Supply: The pre-set maximum number of tokens issued, including all mined and potentially future issued tokens.

- Number of Holders: The number of different addresses holding the token.

- Social Channels: Links to the official social media platforms of the token for the latest updates.

- Token Name & Symbol: Displays the full name and unique code identifier of the token.

- Token Address: A distinctive identifier for the token.

- Owner Program: Type and ID of the owner program detailing how token allocation and read/write permissions are managed.

- Authoritative account: An account that verifies the validity of a transaction, usually a multi signature account.

- Decimal Places: The number of decimal places a token can be divided to, determining its divisibility.

- Tag Descriptions: Categorization labels that help users quickly understand token characteristics.

- Transaction History: A complete list of transactions ordered by time.

- Holder Distribution: A list of holder accounts ranked by the total amount and percentage share of tokens held.

- Data Analysis Charts: Visual representation of key data, such as token distribution trends and holder structure.

- Market Information: Lists all known markets and trading pairs supporting the token.

How to Find Active Accounts on the Solana Network with SolScan

SolScan offers more than just search and token information services, it also boasts powerful data analytics capabilities. Users can follow these steps to gain insight into active accounts on the Solana network:

1. Access the Analytics Interface: Within SolScan's main menu, click the "Analytics" tab to enter a page filled with extensive blockchain statistics.

2. Examine Metrics for Active Accounts: On this page, you'll find key data points about node performance on the network, transaction per second (TPS) rates, and in the "Accounts" category, SolScan displays the number of daily active wallets, allowing users to track changes in daily active accounts on the Solana network.

3. Timeframe Filtering Functionality: To analyze active account fluctuations across different timeframes, SolScan enables users to select various periods in the top-right corner, such as the past 24 hours, 7 days, 30 days, or custom timeframes, providing statistics on active accounts within the chosen duration.

Steps to Access the DeFi Dashboard on SolScan

In the Solana blockchain ecosystem, decentralized finance (DeFi) applications play a crucial role. As a powerful block explorer, SolScan not only provides basic transaction and account search services but also integrates operation panels for some large DeFi protocols.

For instance, Orca is one of the influential DEXes on the Solana network, and its operation panel is integrated into SolScan. By clicking on the [DeFi] tab, users can quickly access Orca's relevant information interface. The panel intuitively displays core data closely related to Orca's liquidity pools, including total value locked (TVL), which represents the total value of encrypted assets in all liquidity pools; trading volume indicators that reflect market activity; and the most active trading pairs currently listed, allowing users to insight market dynamics and make effective investment decisions.

Explore the World of NFTs on SolScan

SolScan is not only a powerful tool for querying transactions and account data but also offers deep integration with non-fungible tokens (NFTs). Through the integrated NFT control panel within SolScan, users can browse, search, and analyze various NFT resources on the Solana network in one place.

Firstly, on the main page of SolScan, you will find a dedicated section for NFT-related operations. This panel provides three core functions:

1. Collections List: Under the "Collections" tab, users can view a list of the hottest and most influential NFT projects on Solana based on metrics such as trading volume, providing insights into current market trends and hotspots.

2. Transaction Details: By clicking the "Transactions" tab, you can access specific data on recent NFT sales, including transaction time, closing price, buyer and seller information, which is crucial for investors to evaluate the performance of the NFT market and formulate investment strategies.

3. Recently Minted NFTs: The "New NFTs" section updates in real-time with all recently minted NFTs that have been released on the Solana blockchain, allowing users to track newly created digital assets, such as art pieces or game items, and participate in early market trading activities promptly.

Advanced Features and Developer Tools on SolScan

In addition to providing basic transaction queries and blockchain data analysis, SolScan offers a wealth of advanced features and developer tools for power users and developers. These functions are designed to help users delve deeper into the data on the Solana blockchain and support developers in building and testing applications efficiently.

1. Smart Contract Interaction: SolScan supports viewing and calling smart contract functions, which is crucial for developers. It allows direct interaction with smart contracts in the browser, eliminating the need for complex frontend code and facilitating quick verification of contract functions and status.

2. API Integration: SolScan provides a series of public API endpoints, enabling developers to seamlessly integrate real-time on-chain data into their own applications and services. This includes retrieving account balances, transaction history, and NFT metadata from the Solana network.

3. Cross-Chain Bridge Tracking: For projects involving multiple blockchain ecosystems, SolScan may also offer cross-chain asset tracking functionality, allowing users to understand token transfers between different chains and related DeFi protocol activities.

4. Node Monitoring Tools: For users running Solana nodes, SolScan may include node health checks and TPS real-time monitoring, assisting network operators in optimizing performance and ensuring normal node operation.

5. Customized Filtering & Export: SolScan further supports users in customizing filter criteria based on their needs and exporting query results in CSV or JSON formats, catering to big data analysis and research requirements.

Conclusion

In conclusion, Solana is a high-performance blockchain platform designed for developers, based on the proof-of-stake mechanism. Its high transaction processing capability and low latency meet the needs of large-scale adoption of cryptocurrencies and distributed applications. As a key component of the Solana ecosystem, SolScan provides powerful block explorer services, allowing users to view, search, and parse on-chain transactions, account status, and smart contract activities in real-time. With its intuitive user interface and rich features, SolScan helps users gain deep insights into and effectively utilize the Solana blockchain.

Looking ahead, as the Solana ecosystem continues to develop and fields such as DeFi and NFT continue to grow, SolScan will continue to play an indispensable role, empowering more users and developers to discover value and tap potential in the wave of Web3.0.