Crypto Basics

Etherscan Overview – Uses, Features and Top Alternatives

Get a comprehensive overview of Etherscan, a widely-used blockchain explorer for Ethereum. Discover its various uses, key features, and explore top alternative platforms that offer similar functionalities.
Token Metrics Team
8 Minutes
MIN

Etherscan has revolutionized the way we interact with the Ethereum blockchain. With its powerful features and user-friendly interface, Etherscan provides a comprehensive overview of Ethereum transactions and smart contracts. 

Whether you're an investor, developer, or simply curious about blockchain technology, Etherscan offers valuable insights and tools to navigate the Ethereum network effectively.

In this article, we will explore the Etherscan platform by highlighting its functionalities, benefits, and we will discover the endless possibilities it unlocks for the Ethereum ecosystem. So let's start by understanding, what exactly is Etherscan?

What is Etherscan?

Etherscan is a blockchain explorer specifically designed for the Ethereum network. It was launched in 2015 by a team of blockchain enthusiasts with the goal of providing a reliable and user-friendly platform for exploring and analyzing the Ethereum network.

In simple words, Etherscan serves as a window into the Ethereum blockchain, allowing users to easily search, verify, and explore transactions, addresses, and smart contracts. Etherscan provides a user-friendly interface that simplifies the process of navigating through the vast amount of data on the Ethereum blockchain.

How does Etherscan work?

Etherscan works by providing a user-friendly interface to access and analyze blockchain data. When a user interacts with Etherscan, they can search for specific transactions, wallet addresses, or smart contracts.

To use Etherscan, just enter a public Ethereum wallet address into the search bar located at the top of the Etherscan.io homepage. By doing this, users gain access to a comprehensive list of transactions linked to that specific address.

Image Source: https://etherscan.io/

Etherscan retrieves and presents detailed information about the requested data, such as transaction status, sender and recipient addresses, gas fees, and even the associated smart contract code. This information helps users verify the validity of transactions and track the movement of tokens on the Ethereum network.

Image Source: https://etherscan.io/

Moreover, Etherscan allows users to monitor and track specific wallet addresses. By entering an address, users can view the balance, transaction history, and token holdings associated with that address. This feature enables individuals to keep a close eye on their Ethereum holdings and monitor the activity of their wallets.

How to read Etherscan?

Reading Etherscan is a straightforward process that allows users to understand and interpret the information presented on the platform. To read Etherscan effectively, users should follow these simple steps:

  1. Visit the Etherscan website at Etherscan.io.
  2. Locate the search bar at the top of the homepage.
  3. Enter the desired Ethereum wallet address or transaction hash into the search bar and click Enter to initiate the search.
  4. Review the search results, which may include transaction details, addresses involved, gas fees, and smart contract interactions.
  5. Familiarize yourself with the various sections and tabs provided on the Etherscan page, such as transaction history, token balances, and contract details.
  6. Take note of important information displayed, such as timestamps, block confirmations, and token transfers.
  7. Utilize the navigation options to explore related transactions, addresses, or smart contracts.
  8. If necessary, refer to the Etherscan documentation or community resources for further assistance or clarification.

By following these steps, users can easily read and comprehend the information displayed on Etherscan, gaining insights into Ethereum transactions, addresses, and smart contracts.

Key Features of Etherscan

Etherscan provides so many features with an intuitive interface, which makes it easy for individuals and businesses to explore the Ethereum network effortlessly. Let's delve deeper into its key features, uses and functionalities.

Transaction Tracking

Following the Footsteps of Ethereum Transactions - Etherscan's transaction tracking feature enables users to monitor and trace Ethereum transactions in real-time. 

By simply entering the transaction hash or wallet address, users can gain valuable insights into transaction details, including the sender, recipient, timestamp, gas used, and more. This feature proves invaluable for traders, investors, and businesses seeking transparency and accountability within the Ethereum ecosystem.

Smart Contract Analysis

Decoding the Power of Ethereum Smart Contracts - Ethereum's smart contracts have revolutionized industries by introducing programmable and decentralized applications. Etherscan provides a comprehensive platform for analyzing these smart contracts. 

By entering the contract address, users can explore contract details, view transaction history, and access source code. This functionality proves essential for developers and auditors, ensuring the integrity and security of smart contracts.

Account Balance and Token Holdings

Tracking Ethereum Assets - Etherscan allows users to monitor their Ethereum account balances and token holdings effortlessly. 

By simply inputting the wallet address, users can obtain an overview of their account balance, token portfolio, and transaction history. This functionality proves particularly useful for individuals managing multiple wallets and diversified token investments.

Token Tracker

Exploring the Vast Ethereum Token Ecosystem - The Ethereum blockchain is home to a vast array of tokens, each serving unique purposes within the ecosystem. 

Etherscan's Token Tracker provides a comprehensive list of ERC-20, ERC-721, and ERC-1155 tokens, allowing users to explore token details, holders, and transaction history. This feature proves valuable for investors, traders, and developers looking to gain insights into the token economy.

Event Logs

Unveiling the Details of Smart Contract Interactions - Ethereum's event logs capture important data about smart contract interactions. Etherscan allows users to explore these event logs, providing a detailed overview of contract events, their parameters, and associated transactions. 

This feature proves invaluable for developers and auditors seeking to understand the inner workings of smart contracts.

Etherscan Gas Tracker

Optimizing Ethereum Transaction Costs - Gas is the fuel that powers transactions and smart contracts on the Ethereum network. Etherscan's Gas Tracker feature enables users to monitor and analyze gas prices, ensuring optimal cost efficiency. 

By providing real-time gas data, Etherscan helps users make informed decisions regarding transaction fees and contract deployment costs.

Etherscan Alternatives

While Etherscan is a widely used and trusted blockchain explorer for the Ethereum network, there are also alternative platforms available that offer similar functionalities. 

These alternatives provide users with additional options for exploring and analyzing the Ethereum blockchain. Some notable Etherscan alternatives include:

Etherchain: Etherchain is a popular blockchain explorer that offers comprehensive transaction tracking, address monitoring, and smart contract exploration features. It provides users with detailed information about Ethereum transactions and addresses, allowing for in-depth analysis of the blockchain.

Blockchair: Blockchair is a versatile blockchain explorer that supports multiple blockchains, including Ethereum. It provides users with the ability to explore transactions, addresses, and blocks, along with advanced search options and data export capabilities.

Ethplorer: Ethplorer is a user-friendly Ethereum explorer that focuses on token analytics. It allows users to easily search for and explore ERC-20 and ERC-721 tokens, view token balances, transaction history, and token holders.

TokenView: TokenView is a comprehensive blockchain explorer that supports Ethereum and various other blockchains. It offers features such as transaction tracking, address monitoring, token analytics, and market data, providing users with a holistic view of the blockchain ecosystem.

FAQs

Q1. How can I access Etherscan?

To access Etherscan, simply navigate to etherscan.io in your web browser.

Q2. Is Etherscan a free service?

Yes, Etherscan provides its core functionalities for free. However, there are additional features and premium services available for advanced users and businesses who require more in-depth analysis, API, data and support.

Q3. Can I use Etherscan to explore transactions on other blockchains?

No, Etherscan is specifically designed for the Ethereum blockchain. If you are looking to explore transactions on other blockchains, there are alternative blockchain explorers available for those networks.

Q4. Can I trust the information provided by Etherscan?

Etherscan is widely regarded as a reliable and trustworthy platform within the Ethereum community. However, it's important to exercise caution and verify information from multiple sources when dealing with critical transactions or contracts.

Q5. Can I use Etherscan to track my token investments?

Yes, Etherscan provides a token tracker feature that allows users to monitor their token holdings. By inputting the token contract address or wallet address, users can view their token balances, transaction history, and other relevant information.

Q6. Can I use Etherscan for smart contract verification?

Absolutely! Etherscan offers a feature that allows users to verify smart contracts. By uploading the contract's source code, users can ensure that the deployed contract matches the intended code and hasn't been tampered with.

Q7. Is Etherscan a wallet?

No, Etherscan is not a wallet. It is a blockchain explorer that provides information about Ethereum transactions and smart contracts.

Q8. Do users need an account to use Etherscan?

No, users do not need an account to use Etherscan. The platform is accessible to anyone and allows users to explore and analyze Ethereum transactions and smart contracts without the need for an account or login credentials.

Conclusion

In conclusion, Etherscan is an indispensable tool for anyone looking to explore, analyze, and understand the Ethereum blockchain. With its user-friendly interface, extensive features, and wealth of information, Etherscan empowers users to navigate the Ethereum ecosystem with ease and confidence. 

Whether you're a casual user, a developer, an investor, or a researcher, Etherscan provides the necessary tools to verify transactions, monitor addresses, explore smart contracts, and gain valuable insights into the token economy.

So, if you're looking for a tool that can provide you with deep insights into the Ethereum blockchain, Etherscan is the go-to platform. Its user-friendly interface, powerful features, and comprehensive data make it an invaluable resource for both individuals and businesses in the cryptocurrency space.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Introduction to Crypto Trading

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What Are Trading Pairs?

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How Crypto Trading Pairs Work

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Analyzing Trading Pairs

Analyzing trading pairs is a crucial step in cryptocurrency trading. It involves examining price charts, market movements, and trading volume to gain insights into market trends and make informed trading decisions. Technical analysis serves as an essential tool in this process, helping traders identify patterns, trends, and potential price movements within the crypto market. Additionally, incorporating risk management strategies is vital when analyzing trading pairs, as these strategies help mitigate potential losses and optimize gains. Understanding trading pairs is crucial for exploiting arbitrage opportunities, as traders can identify price discrepancies across different markets. By carefully studying trading pairs, traders can better understand market dynamics and improve their ability to make trading decisions that align with their goals and risk tolerance.

Understanding Market Trends

Market trends play a pivotal role in cryptocurrency trading, and trading pairs provide valuable information about market sentiment and price movements. Understanding these trends requires analyzing various market data, including price charts and trading volumes, to detect patterns that indicate whether the market is bullish, bearish, or ranging. Illiquidity in the market can create opportunities for arbitrage, as price discrepancies between trading pairs may arise. Trading pairs enable traders to identify these trends by comparing the performance of two cryptocurrencies relative to each other, offering insights into market movements and potential future developments. By staying informed about market trends, traders can tailor their trading strategies to current market conditions, increasing their chances of success and better managing the risks associated with volatile crypto markets.

Trading Strategies

A well-defined trading strategy is essential for navigating the complexities of cryptocurrency trading. Such a strategy outlines a plan for buying and selling digital assets, leveraging trading pairs to facilitate transactions and manage risk effectively. Trading strategies often incorporate technical analysis, market trend evaluation, and risk management principles to help traders meet their specific trading goals. Using stop-loss orders and maintaining favorable risk-reward ratios enhances trading strategies, providing a structured approach to managing trades. Since different trading pairs exhibit unique market behaviors and liquidity levels, traders must adapt their strategies to the characteristics of each pair and the prevailing market conditions. By developing and adhering to a robust trading strategy, traders can enhance their ability to capitalize on trading opportunities while minimizing potential losses in the highly dynamic crypto economy.

Managing Risks

Risk management is a fundamental aspect of successful cryptocurrency trading, and trading pairs provide various avenues for managing risk through diversification and hedging. By spreading investments across different crypto assets and trading pairs, traders can reduce their exposure to adverse market movements affecting a single digital asset. Risk management often requires a balanced approach, combining strategies such as setting stop-loss orders, controlling position sizes, and using stablecoin pairs for stability to help mitigate potential losses and protect capital. Effective risk management enables traders to preserve their portfolios and maintain a balanced approach to trading, aligning with their risk tolerance and long-term trading goals within the crypto market.

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Introduction
With Bitcoin in price discovery and meme coins dominating short-term trends, crypto markets in 2025 are in a new phase of the cycle. At Token Metrics, we’ve been tracking smart money, emerging tokens, and high-conviction sectors like DeFi, AI, and meme assets. This post breaks down what we’re seeing—and how traders are adapting.

Current Market Sentiment

Bitcoin remains strong, with ETH and SOL following closely. Our models suggest:

  • ETH base case: $5,700


  • SOL base case: $630


  • Market cap projection: $8–14 trillion

Despite regulatory noise, crypto’s fundamentals—liquidity, user growth, and capital rotation—remain bullish.

Meme Coin Resurgence

Meme coins are leading short-term market action. Among the top gainers:

  • LoFi (SUI Ecosystem): Under $50M FTV, high liquidity, listed on Kraken and KuCoin
  • Sign, Gradient, Zerebro: Mixed quality; require caution

While volatility is high, top-performing meme coins on new chains often yield strong short-term returns—especially when backed by rising ecosystems like SUI.

Smart Money Tracking with Nansen

We’ve doubled down on using platforms like Nansen to follow profitable wallet cohorts. These tools help us identify early-stage tokens with smart money inflows. Key indicators:

  • Positive net inflow from smart wallets
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  • Whale cohort accumulation

We also track wallet activity over time to confirm whether top-performing wallets are accumulating or exiting positions.

Deep Dives Over Speculation

While meme coins grab headlines, we’re also analyzing sectors with long-term viability:

  • AI Agents (e.g., Fractal AI, Swarms)
  • Real-World Asset Stablecoins (e.g., USUAL with 9% APY)
  • Narrative Ecosystems (e.g., Hedera’s DEX activity surge)

We balance high-risk meme trades with deep fundamental research into projects gaining traction on-chain and in product development.

Sector Watch: Hedera Ecosystem

The Hedera (HBAR) ecosystem recently saw a 5x spike in DEX volume. Tokens like:

  • SaucerSwap (DEX)
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  • Bonzo (lending)

are trending upward. While TVL remains low, increased volume may spark price momentum.

We’re not rotating capital aggressively here yet, but we’re watching closely for sustained on-chain activity.

Capital Flow Outlook

Altcoin rotation often follows BTC consolidation. With BTC and ETH leading the charge, we expect:

  • Meme coins and DeFi tokens to lead early-stage alt rotations
  • AI and DePin narratives to pick up mid-cycle
  • ETH and SOL outperformance in layer-1 competition

Internal price models and momentum indicators support further upside, assuming macro remains stable and regulatory conditions don’t sharply deteriorate.

Conclusion

The current cycle rewards those who combine quantitative analysis, on-chain tracking, and strong narrative awareness. Whether trading LoFi for a quick flip or accumulating tokens like Fractal AI or USUAL for a thesis-driven hold, the key is staying ahead of trends without abandoning discipline.

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The term “moonshot” is everywhere in the crypto world—but what does it really mean? In 2025, as the search for the next 100x token intensifies, understanding the concept of a crypto moonshot is more important than ever. Moonshots offer massive upside potential, but they also come with high risk. So how do you find them, and more importantly, how do you separate hype from real opportunity?

In this guide, we’ll break down what a moonshot is, why it matters, how to identify one, and how tools like Token Metrics are helping investors discover the next big thing in crypto—before it takes off.

🚀 What Is a Moonshot in Crypto?

In crypto, a moonshot refers to a low-cap, high-potential cryptocurrency that could deliver outsized returns, typically 10x, 50x, or even 100x your initial investment. The term comes from the idea that a token is going “to the moon”—crypto slang for an explosive price increase.

Unlike established cryptocurrencies like Bitcoin and Ethereum, moonshots are usually early-stage projects with small market caps, limited trading volume, and a high level of speculation. These tokens often sit under the radar, only gaining traction once a specific narrative, innovation, or market trend brings them into the spotlight.

🧠 Characteristics of a Moonshot Token

While no one can guarantee a moonshot, successful ones often share several key traits:

1. Low Market Cap

Most moonshots start with a market cap under $50 million, sometimes even under $10 million. This gives them room to grow exponentially as adoption increases.

2. Strong Narrative or Trend Alignment

Moonshots usually align with emerging crypto narratives, such as:

  • AI in crypto (e.g., TMAI)
  • Real-world assets (RWA)
  • Decentralized infrastructure (DePIN)
  • ZK rollups and Layer-2s
  • On-chain gaming and modular blockchains


3. Innovative Technology or Unique Use Case

They bring new ideas or solve real problems, giving them the potential to disrupt existing models.

4. Early Community Traction

Even if small, moonshots typically have loyal, vocal communities that drive awareness and support adoption.

5. Token Utility

Tokens that play a critical role in a product’s functionality (staking, access, governance) are more likely to gain value as adoption grows.

6. Exchange Listings

Getting listed on a major CEX (centralized exchange) or DEX (decentralized exchange) often serves as a catalyst for price surges.

⚠️ Moonshot = High Risk, High Reward

While the upside is massive, moonshots come with serious risks:

  • Volatility: Prices can swing wildly in hours or minutes.
  • Scams and rug pulls: Many low-cap tokens are created with malicious intent.
  • Illiquidity: It may be hard to buy or sell large amounts.
  • Overhype: Narratives can fizzle out quickly, leaving bag holders behind.
  • Lack of product-market fit: Many projects never deliver a working product.

Risk management is essential. Only allocate a small portion of your portfolio to moonshots and always do your own research.

🔍 How to Identify Crypto Moonshots

Finding true moonshots is part art, part science. Here are practical steps to help spot them:

1. Use Token Metrics Moonshots Feature

Token Metrics, the leading AI-powered crypto research platform, features a dedicated Moonshots tab that helps users discover early-stage altcoins with massive potential.

Token Metrics uses AI models to:

  • Scan over 6,000+ tokens
  • Analyze 80+ on-chain and off-chain data points
  • Score tokens based on Investor Grade (long-term) and Trader Grade (short-term)
  • Highlight tokens before they hit mainstream radar

2. Follow Emerging Narratives

Pay attention to sectors gaining momentum—AI, DePIN, L2s, gaming, and RWA are hot in 2025. Moonshots often emerge at the intersection of narrative and innovation.

3. Explore Crypto Twitter and Discord

Many early-stage gems are discussed by small communities, KOLs (key opinion leaders), and early investors before any mainstream media coverage.

4. Check Tokenomics

A great idea can’t succeed with poor tokenomics. Look for:

  • Fair initial distribution
  • Deflationary or limited supply
  • Lock-up periods for team/investors
  • Strong incentive alignment with users

5. Monitor DEX Launchpads and On-Chain Metrics

Platforms like Uniswap, Camelot, or Base-native DEXs are where most moonshots launch first. Analyze:

  • Wallet distribution (whale vs retail)
  • Volume and liquidity
  • Holder growth

🔬 How Token Metrics Helps You Find the Next Moonshot

Token Metrics is the ultimate tool for discovering and validating moonshot opportunities. Here’s how:

🧠 AI-Driven Token Ratings

Get real-time Investor Grade and Trader Grade scores, generated by AI models trained on historical altcoin performance.

📈 Bullish & Bearish Signals

Get alerts when a token shows strong upside or downside momentum based on quantitative signals.

🚀 Moonshots Section

A curated feed of low-cap, high-potential tokens filtered by market cap, sector, risk level, and on-chain traction.

📊 Backtesting & Risk Analysis

Use simulation tools to see how a moonshot would have performed in different market conditions, helping you gauge timing and position sizing.

👉 Try Token Metrics with a 7-day free trial and start exploring moonshots with data, not just hype.

✅ Examples of Real Moonshots

In previous years, several tokens started as moonshots and delivered massive gains:

  • Polygon (MATIC) – Launched below $0.01, surged to over $2.50 at peak

  • Axie Infinity (AXS) – Went from cents to $165 during the 2021 gaming boom

  • Pepe (PEPE) – Meme coin that turned thousands into millions in 2023

  • VIRTUAL (SPX6900) – Token Metrics alerted this 55x trade before the crowd

In 2025, emerging moonshots include AI-powered tokens like $TMAI (Token Metrics AI)—positioned at the forefront of AI + crypto convergence.

🛡️ Tips for Safely Investing in Moonshots

  • Only use risk capital (money you can afford to lose)
  • Start small and scale positions after traction
  • Set profit targets and stop-losses
  • Diversify across 5–10 moonshot tokens
  • Use non-custodial wallets and keep private keys secure
  • Don’t chase pumps—enter early or not at all

Moonshot investing isn’t about certainty—it’s about asymmetrical bets with defined downside and massive upside.

Final Thoughts

Moonshots are the heartbeat of crypto innovation. They represent the bold, risky, and visionary projects that could reshape entire industries—or fade into obscurity.

In 2025, the opportunity to find the next Solana, MATIC, or PEPE still exists—but success comes from informed decisions, not hype-driven FOMO. That’s why platforms like Token Metrics are critical. With AI-powered research, curated moonshot lists, and real-time trading signals, Token Metrics helps you spot the gems before they moon.

So, what’s your next moonshot?

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