Arkham Intelligence has added Solana’s blockchain data to its tools. Users can now track and visualize a wide range of on-chain Solana operations.
The news was warmly received by the community compared to harsh criticism a year ago.
Arkham’s Solana added
On-chain analytics firm Arcam Intelligence recently announced that it has integrated Solana’s blockchain data into its tools. In other words, Arkham said its “full feature set” is available for Solana data. In a separate social media post, Arkham detailed some of these features.
“Solana users can use Arkham to visualize and track large capital movements and wallets of profitable traders, receive real-time alerts on trades made by Solana users, and monitor the performance of on-chain transactions. and investors in Solana over time and the profiles of its top traders,” the post said.
In other words, civilian Solana analysts can work with a sophisticated new set of tools. Arkham posted several concrete examples of these tools in action, including a custom report for a Solana-based meme coin trader and a simple visualization of a single trader’s activity.
Read more: What is Solana (SOL)?
Visualize Solana Trader activities. Source: Arkham Intelligence
The announcement comes just one day after Arkham uncovered a $20 million hack of a U.S. government cryptocurrency wallet. So far, the community has responded positively to this development. Solana welcomed the new addition to Arkham, who retweeted a humorous post from crypto sleuth ZachXBT suggesting they have been waiting for this development for a long time.
Arkham Intelligence has recently become prominent along several axes. In October of this year, the company announced plans to drastically change its business model by opening a derivatives exchange. Solana has also excelled in several areas, including a skyrocketing valuation and Trojan bot breaking trading volume records.
Overall, this seems like a positive development for the cryptocurrency space. A little more than a year ago, Arkham’s efforts to take full advantage of blockchain intelligence drew harsh criticism from some community members. However, by October 2024, various cryptocurrency experts warmly welcomed this major expansion.
Read more: Solana (SOL) Price Prediction 2024/2025/2030
Blockchain data is not anonymous, and dedicated researchers can analyze public transaction history at any time. However, with new tools like this, the barrier to entry is significantly lower. Arcam’s incorporation of Solana blockchain data will help democratize the world of analytics and improve the data literacy of the community.
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