Monitoring Use Cases Unlocked by Watchtower
Summary
The most powerful monitoring tool on the market needs no introduction, but here's one anyway. Welcome to Watchtower. When we say you can monitor anything on the blockchain we literally mean anything. From as broad as capturing every on-chain transaction to as granular as monitoring for when Group of Addresses A hits a specific function B which transfers over C amount of tokens D to Group of Addresses E and everything in between. The only limitation is the possibilities you come up with. Watchtowers can be used as an amazing onramp to trigger further research/investigations or an offramp by proactively monitoring when known criminal wallets are making moves.
1. Monitor any address
Whether it is your wallets, whale wallets, your customer's wallets, or even your competitor's wallets - Watchtower can monitor every transaction, trace, and event that happens to a specific address or group of addresses.
2. Monitor any function or event for a particular contract
There are many examples of this. A common one is monitor every time someone is blacklisted on USDT. We even take it one step further by having the ability to deliver all of those addresses to a list to be utilized elsewhere.
3. Monitor when a specific address interacts with a specific function
The best of both worlds. Combining the first two case studies creates a focused alerting system. For example, monitor every time any of these wallets hits a deposit function on a DeFi contract.
4. Monitor transactions over X amount of Y token
Again this is truly limitless, but one popular use case is stablecoin transfers of over 10,000.
5. Monitor when address A sends funds to address B over X amount
Same as before but narrowing the scope to a particular target address. One particular use case is tracking tornado cash relayers and when they get paid out over a certain amount from the routing contract.
Integrate with other Blockscope Tools
Watchtower becomes more powerful when used with:
Transaction Decoder
Contract Usage
Wallet Profiler
Tracer
Security Monitoring
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