How to Use a Blockchain Explorer BlockchainExplorers are an integral part of the Blockchain and Cryptocurrency industry, providing an important tool for viewing historical and live information about cryptocurrency transactions and blocks.
Block explorers allow you to access a wealth of information about a token by simply searching for its token contract. This can help you research a token before potentially investing in it, or even help you determine whether the token is genuine or not .: Find the token’s contract address for your chosen chain on its coin detail page here on CoinMarketCap.: Paste this into the search bar of your chosen block explorer. In this case, we’ll search for the USDC contract address on BscScan.
Using this data, they can also tease out a wide range of useful insights — such as determining which tokens are growing or declining in popularity, and identifying newly launched projects.Here’s how to check for trending tokens:Head over to your chosen block explorer and hover over the token section of the site using the top navigation bar.Here, you’ll see a list of options, allowing you to view the top fungible tokens or non-fungible tokens on your blockchain of choice.
That said, for those unaccustomed to wading through data, they can seem congested and difficult to get to grips with. Several block explorers help to tackle this challenge and improve their usability by providing a range of ready-made charts and statistics. These can help users better visualize the way blockchains operate and get an understanding of some of the key insights and trends this data contains.: Head over to your chosen block explorer and search the heading bar. This will usually contain an option such as "resources", "analytics", or "charts.
Charts cover various metrics such as daily transactions, unique addresses, active addresses and more, which can help tell user adoption, activity on the blockchain and more.This article contains links to third-party websites or other content for information purposes only .
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