The Origin of Arkham

Arkham was initiated in 2020, with its creation deeply tied to the current state of the blockchain industry. As blockchain technology became widely adopted and the cryptocurrency market expanded rapidly, problems associated with transaction anonymity gradually came to the fore. On one hand, anonymous transactions made it difficult for regulators to trace illicit capital flows, creating opportunities for money laundering, terrorism financing, and other illegal activities. On the other hand, for investors, the lack of insight into the real identities and backgrounds of counterparties increased investment risks.

Image source:https://arkm.com/

Against this backdrop, Arkham set out to build a blockchain intelligence platform that could systematically analyze and de-anonymize blockchain transactions through innovative technology. The project team brings together professionals from various fields, providing solid support for the project’s steady progress. Miguel Morel, the founder and CEO of Arkham, was previously the co-founder of Reserve Protocol. He has been active in the tech startup space for many years, accumulating extensive hands-on experience in strategic planning, team management, and fundraising.

The project has attracted interest from prominent investors and institutions, including the founders of Palantir and OpenAI, as well as venture capitalists like Geoff Lewis from Bedrock and Tim Draper. Arkham has raised more than $12 million in funding, providing a strong financial foundation for early-stage technical development and team formation.

Image source:https://arkm.com/

The Development of Arkham

In its early stages, the Arkham team focused on developing core technologies. A significant amount of effort was put into the creation of an AI algorithm engine called Ultra, a key technology that links blockchain addresses to real-world entities. By collecting, organizing, and analyzing massive amounts of blockchain transaction data, the Ultra engine was trained to learn different transaction patterns and address association features.

After completing the foundational tech development, Arkham began constructing its platform product. The core platform component, Profiler, was launched. Profiler provides users with a comprehensive view of entity or address activity, including detailed transaction history, asset holdings, balance history, profit/loss analysis, exchange usage records, and top counterparties. Through Profiler, users gain a complete understanding of the entities behind blockchain activities, supporting investment decisions and risk assessments. Following the product release, the team invited select professional users and partners for internal testing, gathered feedback, and performed multiple rounds of optimization to ensure the platform’s stability and usability.

In July 2023, Arkham reached a major milestone: Binance announced Arkham as the 32nd Launchpad project. At the same time, Arkham launched the world’s first on-chain intelligence marketplace—the Arkham Intel Exchange—and released its native token, ARKM. Leveraging Binance’s large user base and market influence, Arkham quickly attracted widespread attention, significantly raising its profile.

To further advance the project, Arkham innovatively introduced the “intel-to-earn” model based on the “x-to-earn” concept. Users can earn ARKM tokens by submitting intelligence, referring new users, and contributing to the ecosystem. This incentivizes community participation in building the project’s ecosystem. The platform supports data monitoring and analysis across multiple major blockchains, including Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Polygon, and Tron, continuously expanding its business coverage.

Currently, Arkham has established partnerships with numerous financial institutions, regulatory bodies, and blockchain-related enterprises. It provides services such as on-chain transaction risk monitoring and suspicious transaction tracking, gradually building a vibrant ecosystem involving data providers, users, and partners.

ARKM Tokenomics

ARKM is Arkham’s native token, issued on Ethereum based on the ERC-20 standard. It is divisible, transferable, and underpins the functioning of the project’s ecosystem.

Spot trading link for ARKM on Gate: https://www.gate.io/trade/ARKM_USDT

The total supply of ARKM is 1 billion tokens. As of April 24, 2025, approximately 405 million tokens are in circulation, with a token price of $0.5516 and a fully diluted market cap of around $220 million.

Image source:https://etherscan.io/address/0x6e2a43be0b1d33b726f0ca3b8de60b3482b8b050#analytics

ARKM has three main application scenarios:

(1) Data access rights: Users need ARKM tokens to access deeper, more accurate de-anonymization analytics on the Arkham platform. Different data tiers consume different amounts of tokens. Higher-level data packages offer more detailed entity-related transaction insights and risk evaluations, meeting the needs of professional investors and financial institutions.

(2) Incentive Mechanism: To encourage community members to contribute data and help build the platform, Arkham has an incentive system. Contributors who provide valuable on-chain data leads or help improve de-anonymization algorithms can earn ARKM tokens. Users who actively participate in governance and offer constructive feedback can also be rewarded, strengthening community cohesion and decentralized governance.

（3）Pledging function: ARKM holders can stake their tokens to earn revenue shares from the platform, sourced from data service fees, project collaborations, and more. Staking also improves a user’s platform reputation score, giving them priority access to data and higher weight in risk assessments, promoting token circulation and value stability.

Arkham’s Technical Foundation

(1) Data Collection and Integration Technology

Arkham leverages a distributed node network to collect transaction data from multiple blockchains, including Bitcoin, Ethereum, and other major as well as emerging chains. Using big data acquisition technologies, it captures real-time on-chain transaction info such as addresses, amounts, and timestamps. It also integrates off-chain supplemental data—like market pricing and social sentiment—to build multi-dimensional datasets for richer analysis.

(2) De-anonymization algorithms

Address Association Algorithm: This algorithm identifies clusters of related addresses by analyzing fund flows, transaction frequency, and transfer amounts. For instance, if several addresses frequently send funds to the same destination with regular patterns, the algorithm may determine that they belong to the same entity.

Behavioral Pattern Analysis Algorithm: Every entity has a unique behavioral pattern on-chain. By learning typical trading behavior such as time distribution and counterparty choices, the algorithm detects anomalies. If it identifies unusual patterns, it performs deeper analysis to deduce the identity of the trading entity, improving de-anonymization accuracy.

(3) Privacy Protection and Security Technology

Although Arkham focuses on de-anonymization, it places strong emphasis on protecting user privacy. Sensitive data is encrypted during storage and transmission. Access is tightly controlled—only authorized users can access specific data, and all access is logged and audited to prevent leakage or misuse. This ensures that while achieving de-anonymization, Arkham still upholds user rights and data security.

Outlook for Arkham

As blockchain technology evolves and regulatory demands grow, Arkham—with its cutting-edge de-anonymization technology, innovative “intel-to-earn” ecosystem, and a strong professional team—is well-positioned to thrive in blockchain data analytics. It is expected to continuously enhance its tracking and analysis capabilities while expanding cooperation with financial institutions and regulators.

By refining the ARKM tokenomics and incentivizing more users to engage in ecosystem development, Arkham could become a benchmark platform for blockchain transaction transparency and risk control. It may play a pivotal role in maintaining order in the cryptocurrency market and advancing regulatory compliance, injecting strong momentum into the healthy development of the blockchain industry.