Written by: Anatol Antonovici | Updated July 23, 2024
Reviewed by: Mike Martin
Fact checked by: Ryan Grace
Table of Contents
🍒 tasty takeaways
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Arkham is an analytics platform whose primary goal is to connect on-chain data and digital assets with real-world entities.
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It uses a proprietary AI algorithm called Ultra.
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The ecosystem is fueled by ARKM, its native Ethereum-based utility token.
Summary
| Protocol | Details |
|---|---|
| Arkham Intelligence | Decentralized blockchain intelligence platform powered by AI. |
| ARKM Token | Ethereum-based token for governance and rewards. |
| Ultra Algorithm | AI algorithm connecting wallet addresses to real-world entities. |
| Intel Exchange | Marketplace for trading blockchain intelligence for ARKM. |
| Performance | ARKM price is $1.63, market cap over $335 million. |
What Is Arkham Intelligence?
Source: Arkham
Arkham Intelligence is a decentralized on-chain intelligence platform. It gathers data across multiple blockchains, enabling users to analyze the interactions between cryptocurrency holders and decentralized applications (dapps).
The platform aims to deanonymize the Web3 sector and ensure decentralized access to data.
The ‘Arkham Codex’ reads:
“The crypto world is covered in darkness. Darkness breeds fear and uncertainty, which bring down confidence and growth.”
Arkham expects crypto data to play a key role in the financial world, which will increasingly rely on blockchain technology.
Arkham launched at the beginning of 2023. Later the same year, it released its proprietary governance token, ARKM, via an initial exchange offering (IEO) event on Binance.
How Does It Work?
Arhkam offers two main products: the Arkham platform and the Intel Exchange, its intelligence marketplace.
The platform’s main goal is to connect on-chain data with off-chain, real-world entities. It can be compared to crypto intelligence services like Chainalysis or CipherTrade, but it uses a decentralized model.
The platform offers several features, such as the profiler, visualizer, personal portfolio, and token pages.
The profiler can track an entity’s on-chain activity, including transaction history, balance history, portfolio holdings, counterparties, exchange activity, and profits and losses.
For instance, here is the profile of Ethereum co-founder Vitalik Buterin:
Source: Arkham Platform
With the Visualizer feature, we can see Buterin’s interactions with other entities over the years.
Source: Arkham Platform
Arkham Technology
The Arkham platform uses Ultra, its proprietary artificial intelligence (AI) algorithm that is trained to connect wallet addresses to real-world entities. It identifies patterns and can analyze participants’ behavior. Thanks to its algorithms, Arkham is often regarded as an AI play.
To improve its Ultra algorithm, Arkham offers the Decentralized AI Training Accelerator (DATA) Program, which allows intel contributors to earn the native token, ARKM. Sleuths can submit intelligence for training the algorithm and earn ARKM. The Arkham Foundation then checks all submissions.
Submissions come in three types, each with different reward levels.
Source: Arkham Codex
Arkham Intel Exchange
In addition to the main platform, Arkham offers a decentralized intel marketplace called the Intel Exchange. Here, users can trade intel for ARKM. Data may include labels, hacker tracing, and curated data feeds.
Buyers can solicit intelligence by placing bounties with the amount of AKRM they’re willing to spend, while sellers put their intelligence for sale through auctions.
Source: Arkham Intel Exchange
What Can You Do on Arkham?
The Arkham platform offers many features to perform an in-depth analysis of the crypto market and on-chain interactions. Here is how you can use it:
- Profiler – type any address or name to analyze their transaction history and interactions. Each profile has four main units: Portfolio, Historical Performance, Counterparties, and Transactions. Vitalik Buterin’s page shared earlier is a good example of a Profiler page.
- Dashboard – here, you can customize your view of multiple on-chain metrics or select from existing dashboards, such as the US spot bitcoin ETFs.
Source: Arkham
- Alerts – you can set up alerts to notify you of blockchain transactions that meet certain criteria. They are sent via email or Telegram and have a direct link to the transaction on Arkham.
- Visualizer – as shown earlier, the Visualizer page displays a graphical representation of transactions related a certain entity or address. You can customize with Arkham filters to show transactions of specific tokens or specific connections between addresses.
- Personal Portfolio – you can use Arkham as an on-chain portfolio tracker. To open it, click on your username at the top of the page.
Source: Arkham
- Token Pages – you can search for a token’s name or its ticker to access its individual page. Here, you will find its key metrics and transaction history. This can be used as an alternative to crypto resources like CoinMarketCap.
Source: Arkham
- Oracle – Arkham offers a ChatGPT-like bot service called Oracle, which can respond to queries related to blockchain data and the platform itself.
Source: Arkham
Arkham supports multiple chains, including Bitcoin, Ethereum, BNB Chain, Avalanche, Tron, and layer 2 networks like Arbitrum, Polygon, Optimism, Base, Linea, and Mantle.
ARKM Token
Arkham’s native token, ARKM, is based on Ethereum. It serves several purposes: governance, payments on the intel marketplace and within the Arkham ecosystem, the rewards program, and discounts. Using ARKM for payments offers a 20% discount.
The rewards and discounts are the main incentives to promote the adoption or ARKM.
As of mid-July 2024, ARKM is priced at $1.63 and has a market cap of over $335 million.
The token’s total supply is capped at 1 billion, and 204.6 million is currently circulating.
ARKM has outperformed Bitcoin (BTC) since the beginning of the year.
Source: TradingView
Arkham Controversy
Arkham positions itself as a crypto analytics platform, but many criticize it for defying privacy, a key aspect of Bitcoin and the broader crypto space. Some even called it a ‘snitch-to-earn’ platform.
Social media users suggested that Arkham’s connection with Palantir points to ties with the CIA and the FBI.
In response to criticism, Arkham CEO Miguel Morel said during a Twitter Space session in 2023 that the platform had restrictions and guidelines, and that it mainly focused on trading firms, market makers, large institutions, and exchanges like Coinbase.
FAQs
What is Arkham Intelligence?
Arkham is a decentralized blockchain intelligence platform that gathers data across multiple chains. It allows users to analyze interactions between crypto holders and decentralized applications (dapps).
How does Arkham Intelligence work?
Arkham uses its proprietary AI algorithm, Ultra, to connect wallet addresses to real-world entities. The platform offers features like the profiler, visualizer, personal portfolio, and token pages to analyze on-chain activities.
Is Arkham Intelligence free?
The Arkham’s platform is free to use, but users have to pay for advanced intelligence shared via its marketplace.
What is the ARKM token?
ARKM is an ERC-20 token used for governance, payments on the intel marketplace, rewards programs, and discounts on Arkham.
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Anatol Antonovici
6+ years of experience writing for crypto brands and blockchain firms, including Coindesk, Cointelegraph, Bitcoinist, CryptoPotato, Algorand, and OTCTrade.com