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.
This news has been greeted warmly by the community, compared to harsh criticism one year prior.
Arkham’s Solana Addition
On-chain analytics firm Arkham Intelligence recently announced that it integrated Solana’s blockchain data into its tools. In short, Arkham stated that its “complete feature set” would be available for Solana data. In a separate social media post, Arkham detailed some of these features:
“Solana users can now use Arkham to visualize and trace large fund movements and profitable traders’ wallets, receive alerts on trades made in real-time by Solana users, track on-chain trading performance over time, track the profiles of top traders & investors on Solana,” the post stated.
In other words, private Solana analysts have a whole suite of sophisticated new tools to work with. Arkham posted several specific examples of these tools in action, like a custom report of Solana-based meme coin traders or a handy visualization of a single trader’s activities.
Read more: What Is Solana (SOL)?
This announcement comes only one day after Arkham discovered the $20 Million hacking incident on US Government crypto wallets. So far, the community has responded favorably to this development: Solana welcomed Arkham’s new addition, and Arkham retweeted a humorous post suggesting crypto sleuth ZachXBT long awaited this development.
Arkham Intelligence has grown in prominence along several axes, as of late. This October, it announced plans to pivot its business model significantly by opening a derivatives exchange. Solana is also excelling in several areas, with a surging valuation and its Trojan bot breaking trading volume records.
Overall, this seems like a positive development for the cryptocurrency space. Little over a year ago, Arkham’s efforts to maximize blockchain intelligence engendered harsh criticism from some community members. By October 2024, however, a variety of crypto experts warmly greeted this big expansion.
Read More: Solana (SOL) Price Prediction 2024/2025/2030
Blockchain data is not anonymous, and dedicated researchers will always be able to analyze public transaction histories. With new tools like this, however, the barrier to entry is significantly lower. Arkham’s incorporation of Solana blockchain data can help democratize the world of analysis and increase data literacy in the community.
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