diff --git a/src/theme/components.tsx b/src/theme/components.tsx
index c57636d629..bc36c1a7f1 100644
--- a/src/theme/components.tsx
+++ b/src/theme/components.tsx
@@ -197,6 +197,52 @@ export const UniTokenAnimated = styled.img`
   filter: drop-shadow(0px 2px 4px rgba(0, 0, 0, 0.15));
 `
 
+const ETHERSCAN_HOSTNAMES: { [hostname: string]: true } = {
+  'etherscan.io': true,
+  'ropsten.etherscan.io': true,
+  'rinkeby.etherscan.io': true,
+  'kovan.etherscan.io': true,
+  'goerli.etherscan.io': true,
+}
+
+/**
+ * Returns the anonymized version of the given href, i.e. one that does not leak user information
+ * @param href the anonymized version of the given href
+ */
+function anonymizeLink(href: string): string {
+  try {
+    const url = new URL(href)
+    if (ETHERSCAN_HOSTNAMES[url.hostname]) {
+      return `${url.hostname}/${url.pathname.split('/')[1]}/***`
+    }
+    return href
+  } catch (error) {
+    console.error('Failed to anonymize outbound link', error)
+    return href
+  }
+}
+
+function useHandleClickLinkCallback() {
+  return useCallback((event: React.MouseEvent<HTMLAnchorElement>) => {
+    const { target, href } = event.currentTarget
+
+    const anonymizedHref = anonymizeLink(href)
+
+    // don't prevent default, don't redirect if it's a new tab
+    if (target === '_blank' || event.ctrlKey || event.metaKey) {
+      ReactGA.outboundLink({ label: anonymizedHref }, () => {
+        console.debug('Fired outbound link event', anonymizedHref)
+      })
+    } else {
+      event.preventDefault()
+      // send a ReactGA event and then trigger a location change
+      ReactGA.outboundLink({ label: anonymizedHref }, () => {
+        window.location.href = anonymizedHref
+      })
+    }
+  }, [])
+}
+
 /**
  * Outbound link that handles firing google analytics events
  */
@@ -206,24 +252,7 @@ export function ExternalLink({
   rel = 'noopener noreferrer',
   ...rest
 }: Omit<HTMLProps<HTMLAnchorElement>, 'as' | 'ref' | 'onClick'> & { href: string }) {
-  const handleClick = useCallback(
-    (event: React.MouseEvent<HTMLAnchorElement>) => {
-      // don't prevent default, don't redirect if it's a new tab
-      if (target === '_blank' || event.ctrlKey || event.metaKey) {
-        ReactGA.outboundLink({ label: href }, () => {
-          console.debug('Fired outbound link event', href)
-        })
-      } else {
-        event.preventDefault()
-        // send a ReactGA event and then trigger a location change
-        ReactGA.outboundLink({ label: href }, () => {
-          window.location.href = href
-        })
-      }
-    },
-    [href, target]
-  )
-  return <StyledLink target={target} rel={rel} href={href} onClick={handleClick} {...rest} />
+  return <StyledLink target={target} rel={rel} href={href} onClick={useHandleClickLinkCallback()} {...rest} />
 }
 
 export function ExternalLinkIcon({
@@ -232,25 +261,8 @@ export function ExternalLinkIcon({
   rel = 'noopener noreferrer',
   ...rest
 }: Omit<HTMLProps<HTMLAnchorElement>, 'as' | 'ref' | 'onClick'> & { href: string }) {
-  const handleClick = useCallback(
-    (event: React.MouseEvent<HTMLAnchorElement>) => {
-      // don't prevent default, don't redirect if it's a new tab
-      if (target === '_blank' || event.ctrlKey || event.metaKey) {
-        ReactGA.outboundLink({ label: href }, () => {
-          console.debug('Fired outbound link event', href)
-        })
-      } else {
-        event.preventDefault()
-        // send a ReactGA event and then trigger a location change
-        ReactGA.outboundLink({ label: href }, () => {
-          window.location.href = href
-        })
-      }
-    },
-    [href, target]
-  )
   return (
-    <LinkIconWrapper target={target} rel={rel} href={href} onClick={handleClick} {...rest}>
+    <LinkIconWrapper target={target} rel={rel} href={href} onClick={useHandleClickLinkCallback()} {...rest}>
       <LinkIcon />
     </LinkIconWrapper>
   )