Solscan Practical Beginner Guide and Full Risk Prevention Handbook

Solana Ecosystem and On-chain Data Status (2025)

In 2025, the Solana ecosystem continues to thrive. On-chain DeFi, NFTs, token issuance, and trading frequency have all significantly increased. At the same time, the demand for transparency, traceability, and security is also rising. For participants, relying solely on wallet interfaces is no longer sufficient to fully grasp their asset situation — you may want to know: Is the transaction confirmed? Is the token legitimate? Is the NFT original? Is the contract call secure? At this point, a powerful blockchain explorer becomes essential.

Overview of Solscan’s Features

Solscan is one of the most widely used block explorers and on-chain data platforms on Solana. It offers the following features:

• Transaction Tracking: View transaction status, sending/receiving addresses, fees, timestamps, involved tokens/programs, etc. through the transaction hash (TXID).
• Wallet/Account View: Enter the wallet address to see the current balance, transaction history, held tokens/NFTs, and interactions with which smart contracts.
• Token and NFT Analysis: View token issuance volume, holder distribution, transaction history, NFT ownership, transaction records, etc.
• Smart Contract / Program Monitoring: View contract deployers, call history, and transactions and activities related to the contract.
• Network and Node Statistics: Some versions/pages allow you to view block confirmation speed, validator status, network throughput, etc., which is especially useful for those concerned about network health and potential risks.

Beginner Practical Training: From Trading to NFT and Token Analysis

Suppose you have just purchased SOL on a centralized exchange and want to confirm whether the funds have arrived / whether the transaction was successful - you can paste the TXID of that transaction into the search bar of Solscan: within a few seconds, you will be able to see detailed information such as the transaction status, fees, receiving address, and more.

If you have participated in an airdrop/trade of a new token and want to understand whether the token is healthy or has potential risks - by looking at the token contract address, you can see the total supply of the token, the distribution of holders, recent transfer activity, and more; if you find that a large amount of the token is concentrated in a few addresses, or there are almost no holders or transaction history, you need to be extra cautious.

For NFT traders/collectors, Solscan can help you view the ownership history, transaction records, associated contracts, etc., of a specific NFT, allowing you to determine whether it is a “native NFT”, and whether there is a risk of duplicate issuance or forgery.

On-chain Security Tips - How to Avoid Phishing and Security Risks

• Beware of fake Solscan websites/ads: Recently, multiple reports have indicated that scammers are using Google ads to create counterfeit Solscan pages, luring users to click and sign malicious transactions, thereby stealing funds.
• Open Solscan only through the official website / by manually entering the URL: avoid clicking on advertisement links or unknown third-party links in search results to reduce risk.
• Never input your private key or mnemonic phrase on any webpage: Solscan’s official statement indicates that it does not control private keys/funds and will not ask for signatures or wallet connections.
• Be cautious of new tokens and new contracts: Use Solscan to check the distribution of token holders, contract call history, liquidity lock status, and whether they are associated with known project addresses. Be cautious when participating in tokens with uneven distribution, extremely low trading volume, and disorganized contract history.

Summary and Recommendations

As the Solana ecosystem continues to expand and become increasingly complex, mastering on-chain data analysis has become an essential skill. Solscan, as a powerful, free, real-time, and user-friendly block explorer, is the preferred tool for beginners and advanced users to get started, analyze, verify, and track assets.