Arkham Intelligence is an early-stage startup creating an intelligence platform that provides insights into real-world entities and individuals behind crypto market activity.
Arkham Intelligence recently announced that it has added support for Polygon, which allows users to track and identify wallets on its chain. This marks the second chain Arkham will add support alongside Ethereum, which it will do in the first quarter. Arkham said it chose Polygon for its second integration because of its partnerships with Disney, Starbucks, and Stripe, and its large user base.
How Arkham Intelligence Works
Arkham Intelligence is home to a relatively new platform that allows users to examine blockchain addresses, examine both sides of a transaction, track funds movements, and research counterparty connections. The UI sorts data by asset, and this is how it tracks the flow of funds, as opposed to sorting things by tokens, which is the way most of its competitors organize data.
The company has closed $12 million in funding and plans to exit beta and go public by the end of 2023. “Although it is transparent, it is very difficult to really understand who the people behind these transactions are, what they are doing with their money,” said Miguel Morel, co-founder of Arkham.
What Does Arkham Do?
Arkham users can see the relationship between entities in real time and track the relationships between the two.
For example, let’s say a large fund is moving on a token, increasing its position or liquidating it. Users will be able to see what is happening and where the funds are flowing. “As a cryptocurrency user, you should always manage your risk,” Morel says. “And you have to understand what you are investing in, what you are trading, and what you are speculating.”
Arkham’s dashboards allow for detailed filtering and monitoring of relationships between addresses, so users can see where coins go.
For example, through Arkham it is possible to see how the asset using the Euler Finance protocol moves between funds, including deposits to wallets controlled by North Korea’s Lazarus Group.
Arkham Intelligence is currently in private beta. It currently has media, crypto exchanges, hedge funds and other financial institutions as users. During FTX’s collapse, shortly before/after its launch, it gained a significant amount of rumors due to the company’s Twitter threads that summarized and helped explain the bizarre flow of funds on the defunct exchange.
