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.
A practical wallet-tracing path
A useful wallet trace is not just a chain of arrows. Start with the address and network, then test each relationship against the evidence available for that investigation.
| Step | Question | AYZO path |
|---|---|---|
| 1 | What network and address am I actually investigating? | Crypto Wallet Analyzer |
| 2 | Where did this wallet receive funds from? | Wallet Funding Source Checker |
| 3 | Does the funding history reveal useful provenance? | Wallet Funding Provenance |
| 4 | Which observable relationships connect this wallet to others? | Wallet Relationship Analysis |
| 5 | What does the available data actually support? | Methodology and Coverage |
Important evidence boundary: a direct transfer, shared funding source or graph connection does not by itself prove common ownership, identity or coordinated intent. Treat those observations as investigation signals and evaluate them alongside transaction context, timing and coverage.
Investigate the evidence in AYZO
AYZO Hub supports 22 networks and currently includes 3 free analyses every 24 hours. Evidence layers and coverage can vary by network and provider.