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Reading a block explorer

This is the skill that turns you from someone who trusts claims into someone who checks them.

Updated 2026-08-307 min readBeginner
The short answer

A block explorer is a website that indexes a blockchain and makes it searchable. Paste a transaction hash, wallet address or contract address and you can see exactly what happened, who holds what, and whether a contract source code has been verified. Etherscan covers Ethereum, Solscan covers Solana, BaseScan covers Base.

What you can look up

Any transaction

Paste the hash and see sender, recipient, amount, fee, status and a decoded breakdown of what the contract call did.

Any address

Full balance, every token held, and every transaction it has ever made. All of it public, all of it permanent.

Any contract

The source code if verified, who deployed it, and every function anyone can call. Unverified is a warning sign.

Any token

Total supply, holder count, and the distribution across the largest wallets. Extremely useful before buying.

Reading a transaction page

FieldWhat it meansWhat to watch for
StatusSuccess, failed or pendingFailed still cost gas. Check the revert reason
BlockWhich block included it, and how many confirmations sinceMore confirmations means more settled
From and ToSender, and recipient or contract calledIf To is a contract, the interaction is more than a transfer
ValueNative token movedOften zero for token transfers, which confuses people. Look at the token transfers section instead
Transaction feeWhat you actually paidCompare against what you expected
Tokens transferredThe ERC-20 or NFT movementsThis is where the real action usually is
Input dataThe raw call, decoded if the contract is verifiedClick decode to see the function and arguments
Worth remembering
The Value field showing zero does not mean nothing happened. Token transfers move balances inside the token contract, not native ETH. Scroll to the token transfers section to see what actually moved.

Checking a token before you buy

Five minutes here filters out most outright scams. On the token page:

  1. Is the contract verified?

    Look for a green check on the Contract tab. Unverified means nobody can read what the code does. That alone is reason to walk away.

  2. How many holders are there?

    A token with 30 holders and a large market cap is not a market, it is a setup.

  3. Check the top holders

    If one non exchange wallet holds 40 percent, that wallet can end the price whenever it chooses. Look at how concentrated the supply is.

  4. Look at the contract functions

    Search the verified source for functions like mint, pause, blacklist or setTaxes. Their presence is not automatically bad, but it tells you what the deployer can still do to you.

  5. Check liquidity and whether it is locked

    Follow the main liquidity pool address. If the deployer can withdraw the pool, they can leave at any moment.

Which explorer for which chain

ChainExplorerAlso useful
EthereumEtherscanBlockscout
BaseBaseScanBase Blockscout
SolanaSolscanSolanaFM
ArbitrumArbiscanBlockscout
BitcoinMempool.spaceBlockstream.info

Our full block explorer directory covers every major network.

Common questions

Is using an explorer anonymous?

The blockchain data is public, but the explorer website can log your IP and what you searched. If that matters to you, use a privacy focused browser and consider a VPN.

What does contract verified actually mean?

The developer uploaded the source code and the explorer confirmed it compiles to the deployed bytecode. It proves the code shown is the code running. It does not prove the code is safe.

Can I see who owns an address?

Not from the explorer alone. Addresses are pseudonymous. Exchanges and known entities get labeled over time, and chain analysis firms link the rest, but you will not see a name.

Where to go next

Stuck on this one?

Some things click faster with someone walking you through them live. Orca sessions are one to one, screen shared, and paced for wherever you actually are.