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Cryptocurrency News Articles
Arkham Integrates Solana Into Its Blockchain Data Analysis System, Providing Advanced Capabilities to Track Large Fund Flows and Whales' Wallets
Oct 27, 2024 at 08:00 pm
By integrating Solana into its blockchain data analysis system, Arkham has taken a major step forward, providing sophisticated capabilities for consumers to track big fund flows and track wallets of very successful traders.
Solana integration marks a major step forward for Arkham, offering advanced capabilities for users to track large fund flows and follow the wallets of highly successful traders.
This connectivity enables users to monitor their trading performance over time and receive real-time alerts on Solana trades. Additionally, Arkham allows users to follow the profiles of elite Solana investors, guiding traders on the network toward a more strategic approach.
Solana users can now utilize Arkham to:
➤ Visualize and trace large fund movements and profitable traders’ wallets
➤ Receive alerts on trades made in real-time by Solana users
➤ Track your on-chain trading performance over time
➤ Track the profiles of top traders & investors… pic.twitter.com/5cJHrmBh8w
Solana Integration Enhances User Experience, Driving Network Growth
Moreover, driven by memecoin activity and technological developments, Solana outpaces Ethereum in economic value as it continues to grow, reaching a record high of $11.09 million, as reported by CNF.
The Firedancer client has further fueled Solana's on-chain activities, boosting the platform's performance and solidifying its role in the blockchain landscape. Developed by Jump Crypto, the Firedancer client is a critical component in Solana's expansion, aiding in enhancing scalability and throughput.
In other news, trading bots, especially on the Solana-based Telegram, also indicate the surge in Solana's activity. Trojan leads the pack with a trading volume of $93.7 million—out of the daily total of $211 million—on a day Solana bots hit a record high, with a total volume of $211 million.
After integrating with Solana and offering incentives to token holders, another prominent bot, Unibot, saw a substantial increase in users and revenue, contributing to the heightened network activity.
Meanwhile, the network's native token, SOL, showcased strong market performance at the time of writing, trading at around $172.46. This reflects growing investor optimism in the long-term viability of the network; it gained 2.75% over the last 24 hours, with a 7-day increase of 8.71%.
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- Ripple (XRP) has been facing uncertainty amidst legal battles with the SEC, which has kept its price on a rollercoaster. The crypto is now flirting with the possibility of one last dip to $0.20 before potential upward movement. Meanwhile, Tron (TRX) is holding steady, aiming for $0.50, showing bullish signs. Amid these market movements, Rexas Finance (RXS) stands out with a potential 4,800% price surge post-launch. This surge would push Rexas to a pricing of $9.5 per RXS token.