Arkham integrates Solana data into analytics platform

Arkham Intelligence has announced the integration of Solana’s (CRYPTO:SOL) blockchain data into its analytics platform, enhancing its toolset for Solana users. 

This update enables users to trace large fund movements, monitor top traders’ activities, and receive real-time alerts on Solana-based transactions. 

“Solana users can now use Arkham to visualise and trace large fund movements and profitable traders’ wallets, receive alerts on trades made in real-time, track on-chain trading performance over time, and follow the profiles of top traders and investors on Solana,” the company detailed in a social media post. 

The integration comes shortly after Arkham discovered a $20 million hack affecting US government crypto wallets. 

The news has been met with a warm response from the community, contrasting sharply with last year’s mixed reception to Arkham’s efforts in blockchain intelligence. 

Notably, Arkham’s integration with Solana is seen as a positive step in enhancing transparency and accessibility. 

Solana welcomed Arkham’s latest addition, and Arkham retweeted a humorous post hinting that crypto investigator ZachXBT had eagerly awaited this development. 

The newly integrated tools allow private Solana analysts to generate detailed custom reports and visualise the activities of individual traders. 

Arkham’s recent developments reflect a significant expansion of its business model. 

In October, the company revealed plans to launch a derivatives exchange, broadening its scope beyond blockchain analytics. 

Solana, on the other hand, continues to excel, with rising valuation and record-breaking trading volumes achieved through its Trojan bot. 

Arkham’s CEO emphasised that “blockchain data is not anonymous, and dedicated researchers will always be able to analyze public transaction histories.” 

By integrating Solana’s blockchain data, Arkham aims to lower barriers to entry for analysts and investors, democratising access to crucial on-chain insights and fostering greater data literacy in the crypto community.

At the time of reporting, the Solana price was $173.68.