Arkham Intelligence is an analysis platform that uses artificial intelligence (AI) to de-anonymize blockchain and on-chain data. Available to the general public for just a few weeks, this tool has already caused controversy and is aimed at anyone interested in DeFi. In this article, we’ll take a closer look at this platform to give you an idea of its possibilities and potential.
Estimated reading time : 10 minutes
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Loyal readers of this series will surely realize that Arkham Intelligence was not on the list of DeFi must-haves highlighted in our first articles. Indeed, the platform was still in beta phase when they were written. However, things evolve very quickly in the world of cryptocurrencies. As our advice is as up to date as possible, the platform now has a prominent place in your DeFi toolbox, and it would be a shame not to mention it.
Arkham Intelligence overview
History of Arkham Intelligence
Arkham Intelligence was founded in 2020 by Miguel Morel, an American with a passion for blockchains who had already been working the cryptocurrency world since 2016.
The project quickly attracted large investors. They include Sam Altlman (co-founder of OpenAI), Joe Lonsdale (co-founder of Palantir), Geoff Lewis (Bedrock), Tim Draper (Draper Associates) and Wintermute.
The company raised over US$12 million in one round of financing and is currently valued at over US$150 million.
The proposed services have been developed and tested in just a few years. Between August 2022 and May 2023, the platform was in beta phase, open to around 130,000 testers. In recent weeks, the application has finally been made available to the public. It plans to grow rapidly, with the aim of conquering 1 million users by the second quarter of 2024.
What does Arkham Intelligence have to offer?
On-chain analysis
Arkham Intelligence is for anyone who wants to explore blockchain for any purpose.including traders (private and professional), institutions, governments, investigators of all kinds…
All enthusiasts on-chain analysisfor those wishing to analyze transactions taking place on blockchains.
Unlike technical analysis, which can be applied to virtually any asset class, the analysis of on-chain transactions is unique to the world of cryptocurrencies. It is possible thanks to the public nature of blockchains. It can be carried out before or in parallel with other types of analysis. The movement of funds often preceding purchases and/or sales can be used to anticipate market sentiment and behavior, and therefore price movements.
The tool is currently deployed on 8 blockchains (Ethereum, Polygon, BNB Chain, Avalanche, Optimism, Arbitrum, Tron, and Bitcoin). Others are expected to be added soon, including Base, which has already been announced.
Arkham Intelligence works with proprietary technology called Ultra, based on artificial intelligence.
The Arkham Intel Exchange
The Arkham Intel Exchange is an additional service offered by the application. It is a platform for buying and selling blockchain-related information.
The platform works a bit like Ebay or Leboncoin. It is possible to consult existing offers and respond to them, or to create new ones. Prices can be fixed or based on an auction system.
Exchanges are made in ARKMthe platform’s token. All transactions are managed using smart contracts. The information exchanged remains private for 90 days before being made public by the platform and available to all.
The platform also publishes studies carried out by members of his team.
The ARKM token
The platform has its own token, the ARKM, which has several uses:
- it is used to govern the Arkham Intel Exchange
- used as exchange currency on the platform
- it is distributed as a reward to attract new users (future airdrops of the token are expected)
With 1,000,000,000 tokens, the tokenomics is as follows, with blockages ranging from 1 to 7 years.
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Overview of Arkham Intelligence functionalities
The home page
On the home pageyou’ll find a search bar (1) where you can enter a name, wallet address, X nickname (Twitter) or Opensea, or an Ethereum Name Service (ENS). It also lets you select the blockchain you’re interested in for the insert (4).
On insert (2) you’ll see a scroll of information about the hottest tokens on the market.
Insert (3) displays information on key figures in the ecosystem crypto ecosystem, from important personalities to centralized exchange platforms, DeFi protocols or « whales ».
Clicking on them will bring up more details, such as the composition of the portfolio, the transactions carried out, the performance history, as well as the list of exchanges used and the people or protocols with which exchanges have taken place.
Insert (4) shows the transaction information on selected blockchains. A wide range of filters can be applied to suit your needs.
The dashboard
You can create fully customizable dashboards using tab (1).
To create a new one, click on « New Dashboard » (2). You can create several dashboards and navigate between them using the tabs in (3).
A list of 15 different widgets is displayed when you click + (4). You can choose the data to be displayed and the size of the different windows.
Each module is customizable. It is possible to apply a multitude of filters to perform searches, zoom in on graphs…
Private by default, you can share your dashboards using their URL.
Alerts
You can be alerted by email or via Telegram if transactions of interest to you take place.
To set up an alert, go to the « Alerts » tab (1) and click on « Create Alert » (2).
Then select the address or entity you want to monitor, as well as the tokens, blockchains and amounts for which you want to be alerted.
Validate and you’re done!
The viewer
The « View » tab (1) allows you to graphically display the last 1000 transactions performed by an address or entity entered in the search bar.
Green lines are inputs, red lines are outputs.
You can move each bubble as you wish. Just click on the ones you’re interested in for more information.
Clicking on « More info » (2) brings up a number of filters that can be used to narrow your search and lighten the graphics.
The oracle
It is possible to chat with Arkham’s AI as with ChatGPT or Bard.ai, to obtain information related to cryptocurrencies.
Unfortunately, it’s not yet possible to exchange in French, and responses are not always relevant.
Intel Exchange
The only one of its kind, this is a platform for buying and selling cryptocurrency-related information.
You can view current offers with the « Marketplace » tab (1). For each one, you’ll see a price displayed in ARKM (2), and the time remaining before they expire (3).
Offers with a blue background are purchases of information, while those with a green background are sales.
You can submit your offers via the « My Submissions » tab.
Further information
Our director, Gregory Guittardwas lucky enough a few months ago to be able to interview the CEO ofArkham IntelligenceMiguel Morel. Please feel free to view the video below, which will provide you with additional information to this article, with concrete examples of use.
As mentioned in the introduction, Arkham Intelligence has already caused quite a stir. Indeed, while this tool is a must-have for those wishing to carry out on-chain analyses, the possibilities it offers nevertheless remain quite worrying for those who wish to maintain a minimum of anonymity.
Because even those who do nothing illegal may wish to retain a modicum of privacy…
The future will tell how and by whom Arkham Intelligence will be used, but one thing is certain: those of you who learn to use it will be able to obtain some very interesting information, and will easily become aware of the traces they leave on the networks. They’ll be better able to cover their tracks if they so wish.
If you’d like to discover other essential tools for DeFi enthusiasts, we invite you to take a look at our other articles, notably on Defillama, Dune or on applications to manage your portfolio. And we look forward to seeing you next week to discover the rest.
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