- Arkham’s integration with Solana enables real-time tracking of capital flows and on-chain trading activities.
- Solana’s increased Memecoin activity and technological innovations have propelled it past Ethereum in economic value.
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.
Users can track their trading success over time and get real-time warnings on Solana trades by use of this connectivity. Furthermore, Arkham lets users follow the profiles of elite Solana investors, therefore guiding traders on the network towards a more strategic approach.
Solana users can now use 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— Arkham (@ArkhamIntel) October 25, 2024
Solana Outpaces Ethereum with Technological Growth and Bot Activity
Beside that, driven by memecoin activity and technological developments, Solana is outpacing Ethereum in economic worth as it keeps growing, reaching a record high of $11.09 million, according to CNF.
The Firedancer client has helped Solana’s on-chain activities be even more enhanced, improving the performance of the platform and therefore confirming its part in the blockchain ecosystem. Designed by Jump Crypto, the Firedancer client is a necessary component of Solana’s expansion since it helps to boost scalability and throughput.
On the other hand, as we previously reported, trading bots, particularly on the Solana-based Telegram, also show the increase in Solana’s activity. With a trading volume of $93.7 million—that is, 44.4% of all daily transactions on a day Solana bots peaked at $211 million— Trojan dominated the pack.
After merging with Solana and providing incentives to token holders, another well-known bot, Unibot, noticed a significant increase in users and income, hence encouraging more network activity.
Meanwhile, the network native token, SOL, showed great market performance at the time of writing, trading around $172.46. It reflects increasing investor confidence 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%.
