platform
Sep 30, 2024
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6 min read
Wormholescan, built and operated by the xLabs team, has undergone a significant upgrade, bringing a host of new features and a refreshed interface designed to enhance user experience. Whether you're a casual user, a developer, or a token holder, the new Wormholescan offers tools and insights to navigate the Wormhole ecosystem with greater confidence and efficiency.
This blog post will guide you through the key improvements, including the Wormhole Governor dashboard, advanced analytics for tokens, chains, and protocols, a dedicated developer section, and a comprehensive W token page.
The Governor is a crucial component of Wormhole’s security infrastructure. It acts as an additional protective layer that ensures the stability and safety of the network, especially during periods of high volatility. For users transferring significant amounts of assets, the Governor ensures that any single transaction remains within certain critical limits, minimizing risks associated with large transfers and protecting the system against fraud or other malicious activities.
If a transaction exceeds established limits, the system will place it on hold. The dashboard allows users to see which transactions are queued, why they are being held, and when they will likely be processed. This transparency helps in planning activities and provides peace of mind by keeping users informed about the status of their transfers.
The Governor Dashboard provides a detailed overview of transaction limits across all supported chains, including Ethereum and Solana. The interface highlights three important metrics:
The Token Analytics section offers a powerful tool for monitoring cross-chain token movements. By monitoring the volume and timing of token transfers, users can gain insights into market movements, investor behavior, and potentially catch emerging trends early. The access to accurate, real-time data enables decisions based on facts rather than speculation, whether users are considering a new investment or planning to move assets.
More specifically, the token activity graph features a list of the top 10 tokens being transferred across chains, ranked by total volume exchanged, allowing quick identification of the most active tokens. As an interactive graph, it displays the overall volume of token transfers over any chosen period. Each point represents the quantity of a specific token transferred at a given time, helping to identify trends and spikes in activity. Hovering over any point on the graph reveals specific details, including the number of tokens moved at that moment, enabling precise data analysis.
The Chain Analytics section provides a dynamic chain activity graph, which enables users to monitor transaction volumes and patterns across different chains. This tool helps in recognizing emerging trends, such as increased adoption or major network events, allowing users to tailor their strategies accordingly.
The cross-chain activity chart provides customizable filters by source and target chain, and allows users to select the time range for analysis (from specific periods to the entire history). The interactive graph also allows exploration of the data in greater depth. Users can hover over different points to get specific details about the volume or number of transactions at any given time, essential for analyzing activity patterns.
The Protocol Analytics section helps users track the activity of key protocols in the Wormhole network, and the dashboard ranks protocols by metrics like Total Value Transferred (TVT) and Number of Transfers, allowing for clear comparisons and trend analysis.
The activity graph helps identify patterns in protocol usage, such as increased total value moved within a protocol, indicating rising popularity or adoption of new features.
As in the other analytics sections, the unique access to real-time data and performance comparisons empowers users to make informed decisions when navigating the Web3 ecosystem.
Recognizing the importance of robust tools and resources for developers, Wormholescan now features a dedicated section tailored to developers' needs. This includes:
VAA Parser: A valuable tool that allows developers to parse a Verifiable Action Approval (VAA) into various formats, simplifying the interpretation and manipulation of VAAs. Whether visualizing data in a specific format or extracting critical information, this tool provides necessary flexibility.
Submit Your Protocol: Enables developers to integrate their protocols directly into the platform through a simple form. Once integrated, protocols gain access to features like transaction filtering and metrics in the Analytics Protocols section. This democratizes access to Wormholescan's capabilities, making it easy for any developer to become part of the ecosystem and provide users with real-time data access.
Direct Access to Key Documentation: Provides quick access to essential documentation, including Wormhole documentation, API documentation, and the GitHub repository, ensures developers have all necessary information without searching multiple places.
The W Token Page provides detailed statistics and activity tracking for the Wormhole token, giving users insights into its movement across the network. It also displays top transfers, holders, and addresses, making it easier to understand the token’s distribution and flow within the ecosystem.
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on Twitter, join the Discord, or read the blog.