Solscan
What Is Solscan
Solscan is a decentralized, open-source blockchain explorer built for the Solana network. It provides a comprehensive view of all activities that occur on the Solana blockchain, from individual transactions to large-scale program executions. Users can search for transaction details, token transfers, and wallet balances by inputting wallet addresses, transaction IDs, or block numbers into Solscan’s search bar. The platform offers a breakdown of transaction data, including token movements, gas fees, and staking rewards,for users, developers, and investors in the Solana ecosystem.
How Does Solscan Work
Blockchain Explorer Functionality
Solscan is a blockchain explorer that indexes and presents data from the Solana blockchain. Users can easily search for specific information related to transactions, accounts, or blocks. By entering a transaction ID, for example, users can view a detailed breakdown of the transaction, including its status, time of execution, involved wallets, gas fees, and the assets transferred.
Tracking Data
Solscan offers detailed insights into the various tokens and decentralized programs running on the Solana network. When users search for a specific token, they can view key information such as the total supply, circulating supply, holders, and transaction history. Token metrics, such as market cap and liquidity, are also displayed to give a complete picture of the token’s performance within the ecosystem.
Analyzing Data
Solscan allows users to track wallet balances and transaction histories by searching for specific wallet addresses. When users enter a wallet address, they can view all past transactions linked to that address. The platform is valuable for both casual users who want to monitor their personal wallet activity and for more advanced traders who are analyzing the flow of funds across multiple addresses, such as for identifying whale activity (large asset movements) or tracking suspicious transactions.
Staking
Solscan also provides insights into staking and validator activities on the Solana network. Staking is an essential aspect of Solana’s Proof of Stake consensus mechanism, where users delegate their SOL tokens to validators who process and confirm transactions. Solscan allows users to track the staking rewards they have earned, view their delegated SOL balance, and monitor validator performance.
Validator insights available through Solscan include metrics such as the total number of validators, their voting power, commission rates, and reliability. Users can leverage this information to make informed decisions when choosing validators to delegate their SOL tokens. Solscan’s validator analytics provide transparency into the health and performance of the network’s validators, helping to strengthen decentralization and security.