• Meta Data
• Summary
• The Top Solana Projects Outsource Their Transaction Explorer To Solscan
• Block Explorers Are One Of The Most Widely Used Tools In Crypto
• What Block Explorers Fundamentally Do
• Surface Area For Block Chains Is Increasing
• 1. Moving From Focusing Just On Developers To Also Power Users
• 2. Protocol Transactions Are Become More Complex, Which Increases The Complexity Making Sense Of Them
• Before
• After
• 3. Deeper Developer Integrations

Meta Data

Summary

• New Investment: Multicoin led a $4 million seed round into Solscan.
• Investment Thesis: “Multicoin’s thesis for Solscan can be summarized in two pieces:
• we believe block explorers are the front page for all smart contract chains
• Solscan is, and will continue to be, the leading explorer in the Solana ecosystem
• Solscan Key Stats:
• 2.3M+ monthly visitors and growing rapidly
• 180M+ monthly data requests and growing rapidly
• What A Block Explorer Is: “Explorers now have the onerous job of interpreting an interconnected web of on-chain transactions and making them human readable.”
• Why Solscan And Block Explorers:
• The top Solana projects outsource their transaction explorer to Solscan
• Block explorers are one of the most widely used tools in crypto
• The surface area for block explorers is increasing

The Top Solana Projects Outsource Their Transaction Explorer To Solscan

Today, Solscan is already the flagship explorer for the Solana blockchain. It powers most of the major dApps on Solana, including but not limited to Serum, Raydium, Orca, Metaplex, Phantom, Saber, Port, and Mercurial. This means that when a user initiates a transaction on one of these dApps, and then presses “view transaction,” she will be routed to Solscan. It’s also the default explorer for Phantom, the flagship wallet for Solana with over 1.6M MAUs, and the primary explorer for Binance and FTX, two of the largest centralized exchanges.

Block Explorers Are One Of The Most Widely Used Tools In Crypto

Dating back to 2015, explorers have consistently been the most visited websites in crypto. Traders, investors, users, and developers all see them as the “front page” of every chain.

Similarweb, the flagship data source on the Internet for page views, recently published an analysis detailing the most visited websites in crypto. The findings? Two of the top 10 visited websites in crypto are block explorers.

What Block Explorers Fundamentally Do

Explorers now have the onerous job of interpreting an interconnected web of on-chain transactions and making them human readable.

Surface Area For Block Chains Is Increasing

1. Moving From Focusing Just On Developers To Also Power Users

Examples Of Power Users

Overtime, traders, investors, developers, and the Internet at large will be interfacing with block explorers in various ways. —Kyle Samani

2. Protocol Transactions Are Become More Complex, Which Increases The Complexity Making Sense Of Them

3. Deeper Developer Integrations