Arkham

Arkham Intelligence is a blockchain analytics platform that applies AI at scale to map pseudonymous wallet addresses to real-world entities — combining a public intelligence database with a decentralized exchange and a peer-to-peer marketplace for buying and selling on-chain research.

The Problem Arkham Solves

Public blockchains are transparent by design: every transaction is recorded, but the identity behind each wallet is typically hidden behind a string of characters. Investigators, funds, journalists, and traders who want to understand who is moving money on-chain have historically faced a labor-intensive, fragmented research process. Arkham's stated mission is to create a "systematic, open, and comprehensive" picture of who owns what and where funds flow — treating on-chain deanonymization as an infrastructure problem rather than a one-off investigation.

Ultra: The AI Intelligence Engine

The core of Arkham's platform is a proprietary AI system called Ultra. It ingests on-chain data from multiple blockchains alongside off-chain signals — exchange disclosures, ENS and Solana Name Service records, public filings, social metadata, and prior labeling work — to generate address-to-entity mappings at scale. As of mid-2026, Arkham holds over 800 million address labels across more than 450,000 named entity pages, covering exchanges, hedge funds, market makers, government wallets, and individual traders.

Ultra's output powers a suite of public-facing research tools:

• Profiler / Entity Pages: Holdings breakdown, historical portfolio value, exchange flows, P&L, and counterparty networks for any tracked entity.
• Visualizer: An interactive network graph that maps transaction relationships between wallets and entities, useful for fund-flow investigations and tracing connections between new and known wallets.
• Tracer: A chronological transaction trail that follows funds step-by-step across wallets and chains.
• Block Explorer: Transaction-level detail for any supported network.
• Alerter: Custom real-time alerts triggered by wallet activity, entity behavior, or fund thresholds.
• Dashboards: User-defined groupings that surface metrics across a curated set of wallets or entities.
• Arkham Insights: An AI-powered intelligence terminal launched in July 2025 that monitors real-time market events and generates automated analysis of on-chain developments as they happen.
• Risk Scores API: Introduced in June 2026, this feature extends Arkham's data to compliance and institutional workflows by scoring wallet risk programmatically.

Arkham supports 16 networks: Bitcoin, Ethereum, Arbitrum, Optimism, Avalanche, BNB Chain, Polygon, Tron, Base, Flare, Linea, Solana, TON, Mantle, Blast, and Manta.

The Intel Exchange

Alongside its analytics platform, Arkham operates an Intel Exchange — a marketplace where on-chain intelligence is bought and sold using ARKM tokens. The exchange runs two primary mechanisms:

Bounties: A buyer posts a request (typically: "identify the entity behind wallet X") and locks ARKM as payment. Other users can co-fund the bounty to increase the reward. When an analyst submits a fulfillment, the Arkham Foundation verifies it and releases payment. The bounty winner, plus all co-funders, receive exclusive access to the intelligence for 90 days before it propagates onto the public platform.

Auctions: Sellers submit verified intelligence proactively and set their own auction parameters. Buyers compete to win access rights under the same 90-day exclusivity window.

The exchange charges a 2.5% maker fee on bounties and a 5% fee on auction payouts. Permitted intelligence includes address labels, scam or hack tracing, entity identification, and market research. The platform prohibits private personal data unrelated to on-chain activity and content intended to facilitate harassment. Intel Exchange monthly volume reached $18 million in December 2025, a roughly six-fold increase from levels seen earlier in the year.

ARKM Token

ARKM is an ERC-20 token with a fixed total supply of one billion, with no planned additional minting. It launched on Binance Launchpad in July 2023, with 15% of supply circulating at listing and a full unlock schedule extending seven years from listing.

Token allocation: 37.3% to ecosystem incentives and grants, 20% to core contributors, 17.5% to investors, 17.2% to the Arkham Foundation treasury, 5% to the Binance Launchpad sale, and 3% to advisors. Investor and contributor tokens carry a one-year lock followed by three-year linear vesting. Ecosystem reserves vest over five years; the foundation treasury over seven.

ARKM serves three primary functions within the platform:

1. Intel Exchange currency: All bounty and auction transactions are denominated in ARKM.
2. Staking and fee sharing: Staked ARKM holders receive 2.5% of every transaction processed through Arkham Exchange. Approximately 180 million tokens were staked as of early 2026, generating historical APYs in the 4–12% range.
3. Governance: ARKM holders submit and vote on Arkham Improvement Proposals (AIPs) governing platform parameters.

The token also provides trading fee discounts: users who pay fees in ARKM receive a 25% reduction, with additional discounts tied to minimum sustained holdings.

Solana Ecosystem Fit

Arkham added full Solana support in October 2024, bringing its complete feature set — entity tracking, fund-flow visualization, real-time alerts, and top-trader performance tables — to Solana addresses. Solana Name Service (SNS) lookups became searchable on the platform in May 2025.

In April 2026, Arkham launched decentralized trading on Solana — its first DEX deployment. This followed the wind-down of Arkham's centralized exchange in February 2026, which had seen modest daily volumes since its November 2024 launch. The shift to a Solana-based DEX represents a deliberate repositioning, using Solana's throughput and cost profile as the foundation for the trading layer.

Solana's role in Arkham's product is particularly relevant for memecoin tracking. The platform monitors wallet activity, trader P&L, and fund flows for prominent Solana-native participants — a function that sees heavy real-time usage given Solana's dominance in retail-driven token activity. The platform also launched Prediction Markets in May 2026, with PnL tracking, trader leaderboards, and an ELO-based ranking system designed around on-chain trader performance data.

Team and Background

Arkham was founded in 2020 by CEO Miguel Morel and is headquartered in the United States. The company raised over $10 million across two equity rounds at a reported valuation of $150 million. Disclosed investors include Joe Lonsdale (Palantir co-founder, 8VC), Tim Draper (Draper Associates), an unnamed OpenAI co-founder, and crypto-native market makers Wintermute and GSR. The platform reached three million registered users by early 2026 and serves institutional clients including trading firms, exchanges, protocols, media organizations, and government agencies.

Arkham has positioned itself as a substantially lower-cost alternative to Bloomberg Terminal-grade financial intelligence for crypto-native researchers, offering basic access free and gating premium intelligence behind ARKM.

Privacy Context and Controversy

Arkham's Intel Exchange launch generated significant backlash in July 2023. Critics characterized it as a "dox-to-earn" model that commercially incentivizes identifying individuals on public blockchains. A separate bug at launch inadvertently exposed user email addresses encoded in shareable referral URLs, which Arkham patched with encrypted encoding. CEO Morel has argued that public blockchains are inherently poor privacy tools, and that Arkham's work increases accountability and reduces fraud. The debate remains active in the broader crypto community and reflects a genuine tension between on-chain transparency and personal privacy.

No public third-party smart contract audit reports for the ARKM token or Intel Exchange contracts were identified in available sources.