Arkham Intelligence has integrated Solana’s blockchain data into its suite of tools. Users can now monitor and visualize a diverse array of on-chain activities on Solana.
This update has been well-received by the community, a notable contrast to the strong criticism received a year earlier.
Arkham’s Inclusion of Solana
On-chain analytics company Arkham Intelligence recently announced the addition of Solana’s blockchain data to its tools. Arkham highlighted that its “complete feature set” would now support Solana data. In a different social media post, the company elaborated on some of these features:
“Solana users can now utilize Arkham to visualize and track large fund transfers and the wallets of profitable traders, receive real-time alerts on trades executed by Solana users, follow on-chain trading performance over time, and monitor the profiles of leading traders & investors on Solana,” the post informed.
In essence, private analysts on Solana have access to a comprehensive suite of advanced tools. Arkham showcased numerous specific instances of these tools in action, such as a tailored report on Solana-based meme coin traders and a convenient visualization detailing an individual trader’s behaviors.
Read more: What Is Solana (SOL)?
This announcement follows closely after Arkham revealed a $20 Million hacking incident involving US Government crypto wallets. Thus far, the response from the community has been positive: Solana embraced Arkham’s new feature, and Arkham retweeted a light-hearted post suggesting that crypto investigator ZachXBT had eagerly anticipated this update.
Recently, Arkham Intelligence has gained traction in several aspects. This October, it disclosed plans to significantly shift its business model by launching a derivatives exchange. Solana is also thriving in multiple domains, with a rapidly rising valuation and its Trojan bot setting trading volume records.
All in all, this appears to be a favorable development for the cryptocurrency landscape. Just over a year ago, Arkham’s initiatives to enhance blockchain intelligence faced significant backlash from certain segments of the community. Fast forward to October 2024, and a wide array of crypto experts have warmly welcomed this substantial expansion.
Read More: Solana (SOL) Price Prediction 2024/2025/2030
Blockchain data is inherently not anonymous, and committed researchers will always find ways to analyze public transaction histories. Nevertheless, with innovative tools like this, the barrier to entry for analysis is significantly lowered. Arkham’s inclusion of Solana blockchain data could democratize analytical capabilities and enhance data literacy within the community.
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