Summary
- Arkham said it launched a decentralized trading service on the Solana network that supports token discovery and trading based on trader activity data.
- Users can screen tokens using new tokens, trader wallets and profit-and-loss (PnL) data, then trade them directly in real time.
- Arkham said data from about 800,000 traders and 3.4 billion address labels allows users to view high-performing wallets, major trader positions and investment flows on a single screen and connect that directly to trading.
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On-chain data platform Arkham has launched a decentralized trading feature that lets users discover and trade tokens using trader activity data.
Arkham announced on X on April 21 that it had rolled out a decentralized trading service on the Solana network. Users can track new tokens and trader activity in real time and execute trades based on that data.
Unlike existing trading platforms that mainly offer filters based on public metrics such as trading volume, market capitalization and liquidity, Arkham emphasized that its service allows users to screen tokens using trader wallet data and profit-and-loss, or PnL, figures.
The company said the feature draws on data from about 800,000 identified traders and more than 3.4 billion address labels. It says users can track buy and sell flows from high-performing wallets and major traders.
Users can monitor a specific trader's transaction history in real time or track investment flows based on wallets that posted high returns for a given token. A developer's past token issuance history is also available.
Arkham said all Solana-based tokens can be traded directly in a decentralized environment. Users can view new tokens, major holders and the positions of high-performing traders on a single screen and move straight to trading.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
