What Is TRONSCAN And How To Use It?

TRONSCAN is a block explorer that helps users, traders, and developers obtain basic and advanced features related to the TRON blockchain. 

Justin Sun founded the TRON Foundation in 2017, aiming to decentralize the existing web. This project has succeeded in finding a major place in the crypto space. For example, TRON is the second largest blockchain based on TVL, ranking above Solana, BNB Chain, Arbitrum, etc.

In this article, we’ll explore the features of TRONSCAN using a simple step-by-step guide to access and use this free TRON block explorer.

What is TRONSCAN

TRONSCAN, founded in 2018, is the first and official Tron-based blockchain explorer. Its user-friendly interface helps TRON network users obtain data to make better decisions for trading, staking, investing, and more.

Along with basic features like checking transaction details, blocks, accounts, and transactions, TRONSCAN offers advanced features for the benefit of its community. You can also create a free account with this block explorer to transfer or stake tokens.

A dedicated section is allocated for developers to encourage more participation in the TRON blockchain. This section includes efficient APIs, support resources, and more tools to attract new developers to the TRON community.

Features of TRONSCAN

TRONSCAN acts as an efficient block explorer for TRON by providing various features such as:

• Wallet Analysis: You can use TRONSCAN to get all possible data available on a wallet address. All TRX-based tokens, including NFTs, can be tracked with the latest price, number of available tokens, token standard, etc.
• Transaction Details: You can enter your TRON account to get the details of all transactional activities along with its block, age, transaction type, and receiver’s and sender’s wallet addresses. 
• Governance Activities: You can connect your TRON wallet with TRONSCAN and stake TRX tokens to participate in the project’s major governance activities. 
• Explore Smart Contracts: TRONSCAN provides in-depth smart contract analysis with source code for reference. You can also download the smart contract audit reports to ensure the safety of such TRON projects. 
• TRON Account Details: This section on TRONSCAN provides data and charts on total accounts, active accounts, new accounts, and TRX holders to understand the overall trend of the TRON ecosystem.

How To Use TRONSCAN?

How to Analyze Wallets on TRONSCAN?

Step 1: Go to the official website of TRONSCAN.

Step 2: Enter the wallet address on the search bar and hit enter.

Step 3: The “Total Assets” dashboard provides the value of the total assets available on the provided wallet in U.S. dollars and TRX tokens. It also provides data on staked TRX, balance, transactions, and more.

Step 4: You can also deep dive into the assets allocated in the wallet address or portfolio. 

Step 5: TRONSCAN also provides detailed data on TRX transactions, transfers, staking details, receiver’s and sender’s wallet addresses, and more.

How to Explore the TRON Ecosystem on TRONSCAN?

Step 1: Go to TRONSCAN and click on “TRON Ecosystem.”

 

Step 2: A list of platforms that operate on the TRON blockchain will appear, including decentralized lending platforms, an NFT marketplace, a decentralized storage system, wallets, and more.

Click on any to go to its website and explore.

How to Analyze Smart Contracts on TRONSCAN?

Step 1:  Go to TRONSCAN’s website, paste or type a smart contract in the search bar, and hit enter. Here, we’re using a random TRON smart contract as an example. 

Step 2: A dashboard provides total assets, number of transactions, creator details, etc.

Step 3: Click “Token Balances” to see a list of available tokens, their number, and current market price.

Step 4: The “Contract” section offers information about the smart contract’s source code, contract name, and audit report, if available. 

Step 5: Click on the “Analysis” section to view a data chart showing the smart contract’s TRX balance, token transfer, energy consumed, and fee charged.

How to Track Tokens on TRONSCAN?

Step 1: Go to TRONSCAN’s website and click “Tokens,” available on the home page. 

Step 2: Select “Token Tracker” from the dropdown menu or select any popular coins listed, such as TRX, USDT, USDC, etc.

Step 3: Selecting the “Token Tracker” takes you to a dashboard with the total number of crypto tokens issued on Tron, the total value of on-chain assets, token distribution into standards such as TRC-20, TRC-721, TRC-1155, and TRC-10.

Step 4: You can also filter and search for the top TRX tokens based on their price, trading volume, transfer, and circulating market cap.

Step 5: If you want to explore NFTs on the TRON blockchain, you can check for tokens listed under the TRC-721 and TRC-1155 categories.

Note: Always check the token’s reputation to avoid spam. Tokens that are rated as “Suspicious” or “Unsafe” must be avoided at all costs to safeguard your capital. The best option is to go with tokens with “OK” ratings.

Conclusion

TRON has emerged as a top blockchain with significant domination in the DeFi space. TRONSCAN is the best blockchain explorer, providing a wide range of features, such as wallet checking, smart contract analysis, token tracking, etc., that will aid users in exploring the potential of TRON DeFi platforms.

Users with their wallet addresses can easily check their TRX portfolio with the live crypto market value. TRONSCAN also rates the listed TRC-based tokens to protect users from investing or trading in scam projects.