Arkham Intelligence Integrates Solana Blockchain Support
Date: 2024-10-28 Author: Oliver Abernathy Categories: BLOCKCHAIN
With the new feature, Solana users can now set up notifications for completed trades, track their investment history, and receive timely alerts about important changes in the network. This approach will allow users to quickly react to market movements and make more informed decisions, especially in the context of Solana’s growing popularity.
According to Arkham Intelligence, the decision to add Solana to the list of supported blockchains is due to the significant increase in interest in the network as a platform for trading memecoins and other tokens. This blockchain is gaining popularity due to its high transaction speeds and low fees, which makes it attractive to a large number of investors and traders focused on active trading.
Solana is currently the fifth-largest cryptocurrency by market cap, recently surpassing $78 billion. The daily trading volume of the SOL token reached a record high of $7.92 million this week, demonstrating the steady growth of interest in the network among market participants. Solana continues to strengthen its position in the cryptocurrency space by offering innovative solutions and attracting the attention of large investors and companies.
A recent analysis by Andreessen Horowitz (A16zcrypto), a fund specializing in investing in cryptocurrency startups, showed that the Solana network has outpaced even Bitcoin and other major blockchains in the number of active addresses. This underlines its role as one of the leading blockchains focused on active users and supporting the development of decentralized applications.
With this data in mind, Arkham Intelligence intends to develop services that will help investors more deeply analyze their investments and quickly respond to market changes. The introduction of new tools and support for rapidly growing networks such as Solana allows the Arkham platform to not only respond to market demands but also strengthen its position among the analytical tools for cryptocurrency traders.
