On the blockchain, every transaction is recorded on the distributed ledger, which can be viewed by anyone. This makes it a transparent ecosystem that provides accountability, traceability, decreases the likelihood of corruption, among other benefits.
However, it is a rare case that any individual is looking into millions of transactions on a blockchain because most of the data on a blockchain is in a complicated form, which is very difficult for a trader to classify transactions. Hence, we need a tool like Arkham Intelligence that will classify these transactions by taking all data and representing that data in a readable format.
In this article, we will understand Arkham intelligence, what its features are, and how to use it.
What is Arkham Intelligence?
Arkham Intelligence is an on-chain crypto analytical platform and data-tracking dashboard, founded by Miguel Morel in 2020. It was developed to solve the problem of transparency and complexity in tracking blockchain transaction data.
Arkham Intelligence uses artificial intelligence (AI) and data science to identify, classify and to transform data into refined and actionable insights. The tool integrates with multiple blockchain ecosystems to provide users with a comprehensive view of on-chain activities. The platform’s features accommodate cross-chain data to ensure that users can attribute information across multiple blockchain networks.
According to Arkham Intelligence CEO, their main focus is to enable traders with access to better intelligence so that they can make high-yielding investment decisions.
Features of Arkham
Arkham Intelligence has introduced multiple features to help provide users with a one-stop solution for all their blockchain data needs. Check out the features listed below:
Intel Marketplace
The Arkham Intel Marketplace is a blockchain data marketplace that is the main pillar of Arkham Intelligence, which helps deanonymize the blockchain ecosystem. The Intel Marketplace is a platform where users can buy and sell blockchain data. It helps in connecting people who want blockchain data with analysts who have the ability to uncover real-world identities hiding behind crypto wallets.
Arkham Intel Marketplace provides a platform where a user can ask for information about any crypto wallet in exchange for a bounty in ARKM tokens. For instance, a user can place bounties to dox an address or entity, and then the community attempts to provide information related to that by adhering to the platform’s rule and verification check.
If the information is correct then a community member who has provided the information will get a reward. Hence, Arkham Intel Marketplace turns blockchain research and information into a tradable asset where any individual can buy or sell blockchain insight which provides transparency to the blockchain ecosystem.
Arkham Visualizer
Arkham Visualizer is a unique feature of Arkham intelligence that helps simplify the process of investigating crypto movement across multiple wallets. It converts complex data into visual maps and graphs which makes data related to the flow of crypto assets easier to track.
Arkham Intelligence provides users with an option to customize their visualization by using filters like data range, token type, etc. It also gives users a timeline interface to view historical transactions.
The functions of Arkham Visualizer help users to gain insights into the behavior of various enterprises and track the flow of funds across multiple blockchain ecosystems. Thus, it is an important tool for users including both individual and organizational investors.
Arkham Alerts
Arkham Alerts is a key feature of Arkham Intelligence that provides real-time notifications from their dashboard. By using this feature users can:
- Set alerts for transfers from or to single or multiple addresses.
- Set alerts for transfers based on USD or token value.
- Schedule an alert for the tractions of specified tokens.
- Monitor alerts received in a consolidated dashboard.
- Edit, Pause, and Resume alerts as needed by a user.
- Customize the notification methods as needed.
Arkham Exchange
Arkham Exchange enables users to trade digital assets just like any other crypto exchanges. It provides users with the option to trade cryptocurrency via a secure and efficient platform. It currently allows trading a number of crypto assets like BTC, ETH, XRP, SOL, etc., in both spot and perpetual markets. Users would need to complete KYC in order to be able to trade on Arkham Exchange.
Arkham Oracle
Arkham Oracle is a go-to blockchain data provider that uses AI and lets users interact using natural language. Users are given answers in the form of transaction logs, portfolio holdings, token information, exchange data, and more.
Arkham Oracle is capable of querying addresses, entities, groups like fund or exchange, tokens, transactions, and even fund flows. It organizes relevant data from Arkham’s resources which is then fetched from the dashboard that is set-up in a user-friendly manner. Having all the tools, even for those who don’t have expertise in them, makes blockchain analysis more approachable.
How to Use Arkham Intelligence
There are multiple ways to use Arkham Intelligence, which are as follows:
Monitor Crypto Wallets
Arkham intelligence helps users monitor activities of any specific wallet and gives insights on whatever is happening with it. The tool is also used by investigators and analysts who aim to follow illicit funds and uncover hidden patterns.
Identify Wallet Addresses
Arkham Intelligence’s Intel marketplace can help individuals and businesses to identify a real world entity linked to any particular wallet address which helps them access the activities of their business rivals and potential partners.
Track Influential Crypto Figures
By using Arkham intelligence, a user, investor, analysts and all concerned individuals can track the big crypto figures which have the potential to impact the crypto market. For example there are more than 1000 wallet addresses linked to prominent figures like Vitalik Buterin, Winklevoss brothers, Michael Saylor, etc.
Investigations and Forensic Analysis
Arkham Intelligence is helpful for law enforcement agencies and analysts to do in depth research to uncover hidden patterns in crypto transactions, track illegal funds, uncover hacks and frauds, etc.
ARKM Token and its Utility
ARKM, priced at $0.5553 with a market cap of $125.23 million at the time of writing, is the native currency of Arkham Intelligence. It has various utilities for the platform, including:
- It is used as a medium of exchange on the Arkham Intel Marketplace.
- The ARKM token holders have governance rights over important decisions of the platform.
- The ARKM token can be earned by providing valuable information and participating in a data program of Arkham intelligence.
- By using ARKM Tokens, users can get discounts on platform fees of up to 60%.
Conclusion
Arkham Intelligence utilizes AI tools to streamline the process of blockchain analysis, ensuring that cryptocurrency data is within reach and useful. It enables users to boost their decision-making capabilities from wallet tracking to real-time alerts while incentivizing active participation with ARKM tokens, thereby cultivating a clear crypto ecosystem.
Also Read: What is DOG (Bitcoin)? Reasons Behind Growing Trend & Price Surge
