Arkham — an analytical on-chain explorer from the Big Data field, originally created to improve the accessibility of on-chain data for traders and the transparency of the blockchain as a whole. Currently, the Arkham service includes a more complete ecosystem for analyzing on-chain wallet activity, providing quality data in exchange for rewards, spot and futures trading on a DEX exchange, as well as the future introduction of an advanced version of the full AI assistant Ultra for creating a personal news portal based on Arkham analytics. Arkham aims to combine all the necessary tools for the trader-analyst into one platform to make the cryptocurrency work process more efficient.
Project goals:
Build a convenient service for on-chain analytics that combines all necessary tools, including transfer alerts, a DEX exchange for traders, an AI assistant, and a news portal.
Improve transparency in the decentralized financial world, including the deanonymization of subjects, as well as make access to on-chain data decentralized, meaning more accessible to everyone. It is believed that as such services develop, this may also help new players in the traditional market to trust and enter the industry.
Create your own news portal based on the Arkham Intelligence Platform, which will publish news using the AI agent Ultra and serve as a benchmark for covering fresh on-chain news in the crypto world.
As part of the strategic goal, develop your DEX exchange to build a complete ecosystem around Arkham.
Investments:
The project has strong backers on board, including YZi Labs (formerly Binance Labs), Coinbase Ventures, DCG, as well as well-known angels - Sam Altman (co-founder and CEO of OpenAI), Peter Thiel (co-founder of PayPal and other major companies), Tim Draper (famous venture capitalist and founder of DFJ). The total amount of attracted investments is $14.5 million. However, this is not the only publicly known amount, as initially in April 2023 the project was funded by Coinbase, DCG, and angel investors. Then in July, there was a public token sale for retail investors on Binance Launchpad, and the TGE took place on July 18, 2023, after which in November 2023, YZi Labs invested in the project, the amount of allocation is unknown.
Technology:
Arkham has several services within its platform: an analytical platform for on-chain analysis, a decentralized marketplace for trading quality on-chain data, a DEX exchange for spot and futures, and an AI assistant to help with on-chain analysis.
Arkham Platform provides on-chain data and a range of functionalities for self-analysis, including tools such as:
Subjects - Individuals, companies, government organizations, funds, exchanges, whales, crypto-influencers, etc. With Arkham, you can track reserves of exchanges, balances of whale wallets, portfolios of funds, as well as transaction history, PnL, and much more.
Tokens - Large holders and distribution of specific tokens, whale activity - buying and selling certain assets, transfers to and from exchanges, etc.
Visualization of capital movement - Large transfers of whales and the interrelation between specific wallets. Arkham helps to visually display the networks of interacting wallets. The platform supports multiple major networks and gradually plans to integrate new ones as part of its strategic development and expansion of platform capabilities.
Alerts - Signals can be set from the platform based on certain parameters, for example, large transfers from exchanges or purchases/sales of certain wallets.
CEX and DeFi transparency:
Trust in third parties has become an important point of attention for traders. Arkham seeks to improve industry standards and offer transparency as a solution to trust issues with exchanges and protocols. With Arkham, everyone will have access to information from blockchain explorers in a more understandable and user-friendly form, increasing the accessibility of on-chain analytics and raising traders' awareness. Arkham aims to disseminate data in a decentralized manner, reducing the risks of censorship or collusion by large financial institutions.
Arkham Intel Exchange, the exchange for trading on-chain data - addresses of disclosed subjects, large token holders, and valuable information about transfers:
Rewards - Arkham has created a market for exchanging quality on-chain data. Users assign a reward for finding necessary on-chain information, during which tokens $ARKM are locked in a smart contract until conditions are met.
Auctions - users with highly valuable information can participate in auctions, selling information for the highest offered price.
Detectives - thanks to the emergence of such analytical services, the community of crypto-detectives, who are part of the decentralized ecosystem, has begun to expand significantly.
Arkham is also trying to develop its own artificial intelligence ULTRA, which will serve as an auxiliary tool for on-chain analysts. The team envisions it will algorithmically connect addresses to real-world subjects (funds, companies, etc.). However, at the moment, this assistant is akin to a chatbot, with fairly limited capabilities. Arkham launched a special program for users to receive rewards for providing data to train Ultra, but how many more resources and time the team will need to implement the final form of this AI agent remains a question. Subsequently, Arkham plans to develop its news portal with the help of the AI agent to such an extent that the freshest crypto news from on-chain will be instantly processed by Ultra and published for all Arkham users, making it the best source of reliable information.
Relatively recently, at the end of 2024, Arkham announced the launch of its own DEX platform for spot and futures trading. Currently, Arkham is actively developing this DEX platform, attracting users with incentive airdrop programs. However, the DEX exchange itself has a small number of trading pairs, standard trading fees, and quite low volumes, only barely exceeding a million for BTC and ETH, making it hard to find in analytical services for metric comparisons. Therefore, the exchange still has room for development; at the moment, it does not have significant competitive advantages and acts more as an addition to the analytical service for user convenience, as the project compares itself to Bloomberg Terminal, which includes both: analytical data and a trading terminal.
Information about the token:
Market capitalization: $150 million
FDV: $650 million
Circulating volume: 326.7 million $ARKM (32.67%)
Maximum issuance: 1 billion ARKM
Tokenomics:
The project's tokenomics is quite balanced:
37.3% - ecosystem and community incentives
20% - team
17.5% - investors
17.2% - treasury fund
5% - Binance Launchpad
3% - advisors
Vesting:
According to the vesting schedule, we know that the majority of tokens are still in a locked state. Allocations for early investors, the project team, and advisors have only recently started to come into circulation after a one-year cliff. It is worth noting that ecosystem and treasury tokens have not yet stopped unlocking and have only reached their mid-distribution, so there is no need to worry about team and fund tokens just yet. The token still has vesting potential; however, if it does not show itself in the next approximately six months, the pressure of sales may significantly increase proportionally to the share of funds and the team, and then the likelihood of growth may substantially decrease. At the moment, tokens are entering circulation linearly, daily at 585,000 ARKM (0.06% of the issuance).
Token usage:
The ARKM token primarily has speculative value; however, the developers are trying to endow it with greater functionality, for example:
Encouraging users for their contribution to the development of the ecosystem, including attracting new users and referral payments and discounts on exchange fees.
Incentivizing the community in the form of airdrop programs for using the platform's tools and grants for ecosystem developers.
Currency on the on-chain data marketplace the Arkham Intel Exchange, which can be obtained for providing valuable information.
Decentralized governance of the protocol through token voting.
Conclusion:
The Arkham project is potentially interesting for long-term investments. The project team strives to stay on trend without losing focus on the core tasks of the product. Since the roadmap update at the TGE, the project has indeed developed significantly, integrated new services, and expanded the functionality of its platform. During its existence, Arkham has managed to form a large community of on-chain analysts and traders, as well as drop hunters and detectives. Analytics from Arkham is often mentioned on Twitter-X, and many indeed use it in their on-chain investigations. The Arkham DEX exchange is, in fact, a logical continuation of the analytical platform, as the team aims to meet all major user needs within a single platform. The development of its own AI assistant can significantly improve the user experience, and future integration into the news portal could add more popularity to the service. The only issue is that such an abundance of tasks for the team may prove difficult for timely and effective implementation, as on one hand, the project integrates more and more tools, while on the other hand, all these services force the team to adapt to industry trends to maintain quality and competitive advantage, which may lead to a loss of focus on the main goal and result in resource loss. Still, it is important to note that in the context of the current level of development of the crypto industry, the demand for on-chain data processing is enormous and constantly growing, so analytical services like Arkham can indeed secure their place in this niche. Regarding the $ARKM token itself, it has a decent long-term potential against the backdrop of a developing product, additional use cases, relatively low market capitalization, and a time window for the unlocking of tokens for funds and the team.
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