Home web3.0 Arkham Intelligence Expands Crypto Data Tracking Platform to Support Solana's On-Chain Data

Arkham Intelligence Expands Crypto Data Tracking Platform to Support Solana's On-Chain Data

Oct 26, 2024 am 09:24 AM
Solana Arkham Intelligence Data Tracking

Arkham Intelligence, the crypto data tracking platform, has expanded its offerings by adding support for Solana's on-chain data.

Arkham Intelligence Expands Crypto Data Tracking Platform to Support Solana's On-Chain Data

Crypto data tracking platform Arkham Intelligence has expanded its offerings by adding support for Solana’s on-chain data, allowing users to track transactions on the network and receive notifications.

This integration enables the Arkham network to track large value transfers between certain wallets on the Solana blockchain, a feature that was lacking for many observing the Solana ecosystem.

Solana has become the go-to blockchain for memecoins, and Arkham’s new tracking features come at the right time. The platform’s tools have recently been expanded to include the ability to track memecoin traders on Solana, which has seen rapid growth this year. According to Arkham, Solana is now the most popular blockchain for high-frequency memecoin trading.

Solana is currently ranked fifth in the blockchain market by market capitalization, behind BNB, with a market cap of $78.34 billion. At the time of writing, Solana’s native token SOL trades at $166.22, down 5.92% over the past 24 hours. This places Solana among the top networks in the crypto space.

Last week, Solana’s daily trading volume reached a record high of $7.93 million, which has risen significantly since late September and showcases the network’s strength and growth.

The previous record of $7.07 million was observed on October 19, followed by a slight decrease to $5.1 million the next day. This upward trend reached a historical peak, highlighting Solana's robust economic activity.

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