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- Arkham is celebrating the integration of Flare blockchain, giving developers access to the broadest range of decentralized data at scale and at minimal cost.
- Flare users can now analyze network data within Arkham’s Intelligence Platform, and submit queries to the Arkham Oracle to obtain actionable on-chain insights.
Flare Blockchain and Arkham Intelligence Platform have confirmed their collaboration which sees Flare Blockchain support added to Arkham’s Intelligence Platform. Following this collaboration, Flare users will be able to “analyze network data within Arkham’s Intelligence Platform, submit queries to the Arkham Oracle to obtain actionable on-chain insights, and participate in various Flare-related bounties and auctions on the Arkham Intel Exchange.”
Flare aims to give developers access to the broadest range of decentralized data at scale and at a low cost. Flare acts as a utility layer for the blockchain industry and supports the development of new and improved use cases. Optimized for decentralized data acquisition, it helps empower builders and users with the best possible analytics tools to make proper data-driven decisions.
Speaking on the integration, Hugo Philion, co-founder and CEO of Flare stated;
Flare is the blockchain for data – the only blockchain optimized for decentralized data acquisition. It’s therefore only right that we provide network builders and participants with the best possible analytics tools to allow them to make proper data-driven decisions. Arkham’s platform is both powerful and user-friendly so we are happy they have chosen to support the Flare network.
Arkham aims to bring transparency within the crypto industry through its proprietary artificial intelligence (AI) engine, ULTRA, to algorithmically match addresses with real-world entities. The platform is able to analyze and provide data based on cryptocurrencies’ activities, linking these activities to the people of the companies behind them.
Earlier this month, the blockchain analytics platform identified addresses linked to Grayscale Bitcoin Trust (GBTC) has been identified by Arkham Intelligence.
Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust. https://t.co/uEN4kNldpm pic.twitter.com/p9GfrthoKR
— Arkham (@ArkhamIntel) September 6, 2023
Utilizing the Arkham platform, Flare users will be able to identify top traders and investors, and be able to track their crypto activity in real-time while tracking their own portfolio. The recent announcement further notes users may “also use the data to conduct their due diligence, predict market movements, track the flow of funds, facilitate individual research, and monitor/report illicit fund flows.”
Miguel Morel, founder and CEO of Arkham, celebrated the new partnership stating;
We are excited to be adding support for yet another blockchain to our platform, especially one that is already so focused on data and understands the importance of data-driven decision-making. We will continue expanding our breadth and depth of coverage going forward in order to provide the radical transparency our industry needs.
