Whereas it would look like the cryptocurrency market is unpredictable and dangerous, there are methods to trace its traits to make smarter selections about your funding technique. One of the dependable crypto trackers is SolScan, which helps you view crypto statistics in real-time to remain on high of all present happenings within the cryptocurrency market.
What Is SolScan?
SolScan is a software for knowledge analytics on the Solana blockchain. It’s a very well-liked different to Solana’s blockchain explorer, the Solana explorer, which serves because the official explorer of the Solana blockchain. The Solana venture, famend for its blazingly quick transactions and supportive developer neighborhood, is among the world’s decentralized public blockchain protocols with the best progress charge.
A blockchain is perhaps complicated to navigate as a result of many alternative numbers and complicated codes, however SolScan makes it a lot simpler to view transaction knowledge on the blockchain. With SolScan, you’ll be able to monitor every part that transpires on the Solana blockchain. Not solely are you able to view transactions on the blockchain, however you can too view tokens, blocks, NFTs, crypto whales’ actions, and good contracts.
4 Methods You Can Use SolScan
Solana has unquestionably made a reputation for itself as one of many vital additions to the blockchain world. With SolScan, you’ll be able to entry all cryptocurrency transactions listed on the Solana blockchain, similar to with the Solana Explorer. These encompass pockets addresses and block numbers.
You may also entry different useful knowledge concerning a cryptocurrency, together with market cap, provide, and transaction per part (TPS) charges utilizing SolScan. Though you do not want an account to make use of SolScan, having one is helpful if you wish to hold monitor of your transactions. You’ll be able to log in to the software utilizing your Solana pockets account totally free.
Now, let’s study how you need to use SolScan.
1. Monitor Transactions
Within the Solana community, each transaction is accompanied by a singular signature. The signature is contained in your good contract, which contains a prolonged string of numbers and letters.
You should use SolScan to trace a transaction you make on Solana. Here’s a detailed description of the right way to monitor transactions utilizing SolScan.
- Copy your transaction signature and paste it into the Search discipline.
- Once you press Enter, SolScan exhibits the transaction’s overview, SOL stability change, and token stability change.
- Test the Overview part to see whether or not the transaction was profitable, how lengthy it took, and the block quantity’s ID. The account stability is displayed on the 2 Stability Change tabs earlier than and after the transaction.
- Alternatively, sort in your pockets tackle within the search discipline and hit Enter. You will then be directed to your account web page, the place you’ll be able to view any info associated to your pockets, together with previous transactions, SOL balances, and your different accounts linked to it.
2. Monitor Crypto and Tokens
On SolScan, you’ll be able to seek for any cryptocurrency or token, similar to within the Solana explorer.
To verify the main points and standing of any coin, enter its title within the search discipline. Let’s lookup the USD Coin for instance.
- Click on USD Coin (USDC) from the dropdown menu, and the overview web page will seem. Identical to you’d discover on the apps for monitoring crypto stats, you will discover the market cap, present provide, variety of holders, and different related particulars concerning USDC right here. The USDC transactions are probably the most related knowledge within the tab under. Beginning with the newest, this part lists all USDC transactions. You’ll be able to see the quantity transferred and the pockets to which it was despatched. You’ll be able to even see how a lot payment is charged.
- You’ll be able to entry the account web page by clicking on one in every of these addresses, as we did above. Do not forget that SOL balances, not USDC, will nonetheless be displayed. You should use the identical steps talked about above to lookup tokens. On the principle web page, choose the Token tab to get a listing of the obtainable tokens. If you choose a token from the checklist, SolScan will give you an summary just like the token’s official web site.
3. Monitor NFTs and DeFi Apps
SolScan has NFT and DeFi dashboards that will let you view a complete breakdown of Solana’s NFTs and DeFi purposes.
You’ll be able to entry Solana’s NFT collections by means of SolScan and supply particulars on all of the NFT trades that contain Solana. An NFT dashboard seems while you click on the NFT button on the homepage. This NFT dashboard contains particulars on each NFT that Solana sells.
Each NFT assortment within the Solana ecosystem is profiled on the dashboard. You’ll find particulars on every NFT assortment’s Solana market on this dashboard.
4. Monitor Crypto “Whales”
Following the transactions and actions of the most important and wealthiest traders within the business, typically generally known as “crypto whales,” is a latest development in cryptocurrency. SolScan can assist you in doing simply that. After discovering the whale’s pockets tackle, you’ll be able to entry a big whale’s property and transaction historical past. In conventional finance, this degree of transparency is unparalleled.
The whale might have fascinating tasks of their portfolio which you could peruse to be taught extra about earlier than investing choice. You may also attempt to use the whale’s transaction historical past to determine whether or not it’s a nice time to purchase or promote cryptocurrency.
It is essential to do not forget that conserving tabs on crypto whales is just not a correct investing technique and is dangerous. Social media is rife with accounts of people that attempt to copy the buying and selling patterns of whales however are unsuccessful. Due to this fact, you need to solely use monitoring crypto whales as a minor a part of your general investing technique and decision-making course of.
A blockchain explorer is critical for everybody interested by studying extra about and utilizing blockchain. SolScan is a widely known substitute for the official Solana explorer. It converts advanced course of knowledge into simply readable info. You should use SolScan to view crypto addresses, processes, blocks, good contracts, tokens, and crypto whale actions. It doesn’t require an account and is free to make use of. And you can too register and log in for higher performance.
SolScan presently serves over 2.3 million month-to-month customers and 180 million knowledge requests month-to-month. It has risen to grow to be the highest explorer contained in the Solana ecosystem, partly because of its integration with different famend tasks. Many upgrades are additionally within the works to supply customers higher, extra customized, and intimate experiences.
