Explore what a wallet is doing and with whom!
When you explore a wallet, you can gain insight into what the wallet is doing and with whom it is interacting. By examining the wallet's transaction history, you can see the amount and frequency of its transactions, as well as the wallet addresses it is transacting with. This can help you identify patterns and trends in the wallet's behavior.
For example, you may notice that a particular wallet is receiving large amounts of tokens from multiple sources, suggesting that it is involved in some kind of trading activity. Or, you may see that a wallet has been consistently sending tokens to a certain address, indicating a long-term relationship or partnership.
Additionally, exploring a wallet can help you understand its role in the larger ecosystem. For instance, you may find that a wallet is associated with a particular project or decentralized application, giving you insights into its overall adoption and usage.
We have created a transaction graph to provide you with an instant overview of a wallet. Though it may seem confusing at first, you will soon realize how convenient it is to look at wallets in this way.
(Inner) Layer 1: If you see a graph like the one below, you will immediately know that this wallet has sent 100% of the tokens it received (green) to another wallet (red). If the wallet had kept more tokens than it received, the green section of the graph would be larger. Even before investigating further, you already know that this wallet is not a holder. It seems to be more of a transaction wallet, and you will need to investigate the counterparty wallets to learn more.
Layer 2: You can hover over the green sections within the second layer to see all the wallets that have ever sent tokens to this wallet. In our example, you can see two sections (lines are very thin, but they are there) in red. The second layer features two sections; a big one and a small one. This tells you that two wallets sent tokens to the wallet you are exploring. You can click on the subsection representing the wallets to open the wallets themselves in the wallet explorer.
(Outer) Layer 3: Knowing from which wallet tokens came is only half the truth: it is important to understand the transaction pattern. Are the two wallets related only by a single transaction or are there regular transactions happening between the wallets? Observe the larger section in green in the second layer. Now look at the third layer, and you can see that the sending wallet sent two approximately similar-sized transactions with tokens to the wallet you are currently exploring.
The Transaction Graph
The Balance over Time Graph is a powerful tool that shows the history of a specific token balance in a wallet over time. To use this feature, please make sure that you have selected the correct token in the top right corner. 💡
The graph is denominated in the token itself, providing you with a clear picture that is free of price distortion. The main purpose of this graph is to understand the overall behavior of a wallet. For example, the wallet below could belong to an actor on a vesting schedule who empties their wallet whenever they receive a payout, or a swing trader who aims to time the market.
You can also use this graph to assess the distribution of tokens for projects. By analyzing the graph, you can check how well their token distribution is going and identify any irregularities in the distribution of a token. This makes it a valuable tool for evaluating the progress of projects and their token economics.
The Balance Over Time Graph
The transaction table is a useful tool that allows you to explore the transactions displayed in the graphs above manually, in a table form. You can sort the last 1000 transactions in ascending or descending order by size, and explore them with just a few clicks.
Each address displayed in the table can be copied and opened directly in the wallet explorer, allowing you to easily investigate further and gain additional insights into the transactions.
Whether you are a trader looking to identify market trends or a researcher seeking to understand the behavior of individual wallets, the transaction table can be an invaluable resource for analyzing and exploring crypto transactions.