Start with the network, not just the address
Bitcoin is UTXO-based, while Solana and EVM networks expose different account and contract semantics. A good tracing workflow preserves those differences.
Step-by-step wallet tracing
- Validate the address and network.
- Review transaction history and counterparties.
- Find the earliest reliable funding context.
- Inspect repeated counterparties.
- Follow multi-hop paths cautiously.
- Use labels as context, not proof.
- Keep coverage limitations visible.
| Evidence | What it supports | What it does not prove |
|---|---|---|
| Direct transfer | Value moved between addresses. | Same owner or intent. |
| Shared funder | Wallets received funds from a common source. | The source controls both wallets. |
| Repeated counterparty | A recurring on-chain relationship exists. | The real-world identity behind it. |
| Known entity label | Useful attribution where reliable. | That downstream wallets belong to that entity. |
Why tracing is harder than following arrows
Exchanges, bridges, routers and contracts can create paths that look connected on a graph. Each edge should retain its actual meaning.
Investigate the evidence in AYZO
AYZO Hub Alpha supports 14 networks and currently includes 3 free analyses every 24 hours. Evidence layers and coverage can vary by network and provider.