1. What is Solscan Wallet?

The Solana blockchain is renowned for its high performance and low transaction costs, making it widely adopted in DeFi, NFT, gaming, and meme coin sectors. As of March 28, 2025, Solana’s on-chain activity and user base have grown significantly, with the total stablecoin supply surpassing $12 billion. Various projects, such as Dabba Network’s decentralized WiFi and Zeus Network’s cross-chain Bitcoin exchange, continue to emerge.

Source:Solana Project Official Website

In this context, a tool that can track wallet activities and transaction data at any time becomes particularly important. The Solscan Wallet function has emerged based on the powerful data indexing and visualization capabilities of the Solscan blockchain explorer, providing users with a fast, accurate, and visual on-chain Solana information query and analysis experience.

Solscan is a blockchain explorer designed specifically for the Solana ecosystem, providing real-time queries for blocks, transactions, contracts, and addresses. Its Wallet function is one of the core modules, allowing users to input any Solana wallet address (starting with ‘9WzDx…’) to view the address balance, transaction history, NFT holdings, and DeFi participation records.

2. The latest developments and market overview of the Solana ecosystem

Before introducing how to track and analyze Solana transactions using Solscan Wallet, let’s first review the latest important developments and overall market performance of the Solana ecosystem since the end of March 2025.

2.1 Solana Coin Development Overview

Solana (SOL) was launched on March 22, 2020, by Anatoly Yakovenko and others, featuring high throughput and low transaction fees, utilizing a combination of Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms.

Launch Date: March 22, 2020
Initial Offering Price: $0.22
Total Supply: 597,238,164.97 SOL
Circulating Supply: 511,578,830.0947 SOL (~85.7%)
Core Team:
Anatoly Yakovenko (CEO & Founder)
Greg Fitzgerald (CTO & Co-Founder)
Eric Williams (Chief Scientist & Co-Founder)

2.2 Market Performance and Price Prediction

According to the latest data from Gate.io (as of March 28, 2025):

Source:Gate.io Spot Trading

Short-term volatility: The recent price of SOL has fluctuated in the range of $137-$150.

Long-term trend: Multiple research institutions predict that the SOL price may hit above $300 between 2025-2026, with some aggressive forecasts even suggesting the possibility of $700+$800 by 2030, but it still needs to be combined with the overall economic environment and specific implementation situations.

If you refer to the AI price prediction model (for reference only), the price of SOL in June or December 2025 may be expected to be in the range of $150-$220. However, there is often a discrepancy between model predictions and reality, so investment should be rational and cautious.

2.3 institutions adopt and policy favors

• BlackRock expands to Solana

On March 25, 2025, CoinDesk reported that global asset management giant BlackRock is expanding its $170 million tokenized currency market fund BUIDL to the Solana blockchain. This is the seventh blockchain supported by BUIDL, following Ethereum, Polygon, and others, demonstrating Solana’s attractiveness in the traditional finance sector. BlackRock’s move not only enhances Solana’s market recognition but also provides institutional investors with more ways to enter the Solana ecosystem.

• US digital asset reserves

On March 22, 2025, Yahoo Finance reported that U.S. President Trump announced the creation of the ‘U.S. Digital Asset Reserve,’ including Solana (SOL), alongside Ethereum, XRP, and Cardano. This policy has increased the market’s attention to SOL, but its price is still affected by market fluctuations in the short term. In addition, Forbes pointed out on March 12, 2025, that Trump launched the ‘Official Trump’ meme coin on the Solana blockchain before taking office, further increasing Solana’s exposure but also sparking controversy about insider trading.

• Firedancer upgrade is coming soon

Firedancer upgrade is a focus of the Solana community, X platform users @sith_souIn a post on March 27, 2025, the upgrade is expected to be completed by the end of 2025, significantly increasing Solana’s TPS (transactions per second), further solidifying its position in high-performance public chains. The current TPS of Solana is 4,332.78, with a real TPS of 1,147 (Solscan data, March 2025). The Firedancer upgrade is expected to significantly improve network performance by optimizing the validator client.

2.4 Latest Developments in Wallets and Tools

• Solana Official Wallet Tracker

On March 22, 2025, users of platform X @VoiceofCrypto2The post stated that Solana has launched a new Wallet Tracker, providing real-time insights and seamless asset management capabilities, enabling more detailed asset management and transaction data tracking. However, this information has not been directly confirmed through official Solana channels and requires further verification.

• Third-party tool integration

The integration of tools in the Solana ecosystem continues to advance, with more and more prediction market platforms, NFT markets, and trading tools supporting the Solana network, making it convenient for users to quickly recharge and settle. For example, on March 25, 2025, TheStreet reported that the prediction market platform Polymarket added support for Solana, allowing users to make wallet deposits using Solana. On March 21, 2025, Solana officially announced that Titan Exchange, as the first Meta DEX aggregator on Solana, went live, equipped with the proprietary routing algorithm Talos, enhancing DeFi trading efficiency. In addition, MetaMask plans to add native support for Solana in May 2025 (Daily Hodl, March 2, 2025). Solana’s NFT marketplaces (such as Magic Eden) and trading tools (such as Raydium) have long supported the Solana network.

2.5 Ecological Challenges and Competition

• Network congestion

Solana has been criticized multiple times for network congestion or brief outages, which is a key challenge for projects with high real-time requirements (such as high-frequency trading or gaming). Cryptopolitan pointed out on March 20, 2025, that Solana still faces congestion issues in high transaction volume scenarios (such as during the meme coin frenzy). Historically, Solana experienced brief outages due to network congestion in 2021 and 2022 (Cointelegraph, 2022 report). Despite improvements in network stability in recent years, further optimization is still needed to meet real-time demands.

• Multi-chain competition

Solana faces fierce competition from Ethereum, Polygon, and Sui. Bitcoinsensus pointed out on February 10, 2025 that Sui’s blockchain, through its DAG (Directed Acyclic Graph) technology and Narwhal-Tusk consensus mechanism, provides higher speed and reliability, making it a strategic competitor to Solana. Ethereum continues to improve performance through sharding and Rollup technology (Ethereum official website, 2025 data), while Polygon attracts developers through modular design (Polygon official website, 2025 data). Solana needs to continuously improve its infrastructure and development tools, such as the Firedancer upgrade, to maintain its competitiveness in the high-performance public chain.

3. How to use Solscan Wallet to track and analyze Solana transactions

The following will combine practical perspectives to introduce how to quickly query and deeply analyze on-chain wallet, transaction, and contract data using Solscan Wallet.

3.1 Checking Wallet Balance and Transactions

Visit the Website
Open solscan.io in your browser.
Enter an Address
Paste any Solana wallet address (e.g., “9WzDx…”) into the search bar and press enter or click search.
View Overview
The Solscan Wallet panel will display the SOL balance, other token holdings, recent transactions, and NFT holdings for the address.
Click for Details
Click on a specific transaction to view details such as timestamp, counterparty, transaction type (transfer, staking, NFT purchase, meme coin purchase, etc.), and on-chain transaction fee (usually below $0.01).

Source:Solscan

3.2 In-Depth Analysis: Transaction Details and Contract Tracking

• Real-time trading log: Solscan Wallet will detail the hash (Tx Hash) of each on-chain transaction, and users can click to view operation instructions, block time, etc.

• Smart contract interaction: If the transaction involves DeFi, NFT, or other contract interactions, the corresponding contract address will be displayed; clicking on the contract address, you can also check its execution records, call functions, and code hash information.

3.3 Monitoring NFT and DeFi activities

• NFT Panel: Display the name, series, current valuation, and historical trading records of NFTs held in the wallet.

• DeFi Dashboard: A statistical aggregator of lending, staking, mining, and yield farming activities associated with addresses, allowing users to quickly assess returns and positions.

3.4 Set reminders and batch analysis

• Reminder: After registration, you can set up transaction alerts for the target address (such as large transfers), Solscan Wallet will push notifications via email or app notifications.

• Batch Analysis: Institutions or professional users can simultaneously input multiple addresses for comparison, quickly screen potential investment opportunities or risk control alerts.

4. How to buy and manage SOL on Gate.io

As the most core underlying asset in the Solana ecosystem, SOL was listed on Gate.io and other platforms on March 22, 2020. The following is the general process for purchasing and managing SOL on Gate.io:

1. Register and log in to Gate.io

Perform KYC verification and bind security authentication.

2. Recharge or purchase USDT

USDT can be obtained through fiat channels or digital asset transfers.

3. Buy SOL

at Gate.io SOL/USDTSelect limit or market order in the trading pair to make a purchase.

4. Withdraw to personal Wallet

If you need to perform DeFi or NFT operations on-chain, you can transfer SOL to your personal Solana Wallet (such as Phantom, etc.), and then use Solscan Wallet to query and analyze activities related to the address.

5. Real-time tracking

After the transfer is completed, you can enter the corresponding wallet address in Solscan Wallet to check the asset balance and subsequent transaction dynamics.

5. Summary

Overall, Solscan Wallet plays an indispensable role in the Solana ecosystem. From everyday investors to professional institutions, from contract developers to NFT artists, every participant can use the powerful visualization and data indexing capabilities of Solscan Wallet to gain deeper insights into fund flows, trading behavior, and market trends.

As of the end of March 2025, the Solana ecosystem is still expanding rapidly, with the total stablecoin supply surpassing $12 billion, meme coin frenzy frequent, institutional recognition continuing to rise, and Solscan Wallet precisely providing “transparent digital fingerprints” for these phenomena, helping users to obtain reliable information in real time. In the future, with the expectation of further increasing network TPS through the Firedancer upgrade, as well as the landing of more scenarios such as cross-chain applications and on-chain of real-world assets, Solscan Wallet’s data analysis capabilities will continue to iterate, bringing users a more comprehensive multi-dimensional perspective.