Our latest release (25.09) introduces three major capabilities for analyzing decentralized finance transactions:

Tracing through Decentralized Exchanges (DEXs)

DEXs like Uniswap enable direct token swaps using liquidity pools, but their swap logic spans multiple smart contracts, making tracing difficult. Our new feature automatically connects input and output token flows, enabling continuous asset tracking through DEX transactions that previously appeared as dead-ends.

Tracing over Bridges

Blockchain bridges like Thorchain and Symbiosis transfer tokens between networks using lock-and-mint or burn-and-mint mechanisms. These transactions are difficult to trace because they span multiple networks with separate transaction hashes and no direct cryptographic links. Our implementation detects bridging events and uses bridge-specific identifiers to reconstruct complete transaction paths across networks, enabling continuous cross-chain asset flow analysis.

Cross-Chain Address Clustering

Address clustering groups addresses controlled by the same entity based on transaction patterns and behavioral indicators. Traditional heuristic methods can produce false positives, limiting their forensic reliability. Ikna's cross-chain clustering analyzes public keys used to sign transactions across networks, providing cryptographically exact identification of commonly-owned addresses rather than probabilistic groupings.

For a more details, check out our recent blog post.