KoinlyticsArkham launched 2023 as a free wallet-labeling platform and quickly grew a following. Its differentiator: a bounty market where users can request identification of specific wallets, and researchers can earn ARKM tokens for providing information.
Free wallet labeling
- Similar coverage to Nansen for major entities.
- Free tier: full explorer access, portfolio views, entity search.
- AI-assisted attribution (ML infers entity ownership from patterns).
Intel Exchange
- Users post bounties for specific investigations.
- Researchers submit evidence + proof.
- Users vote on submissions; winning researcher gets paid in ARKM.
Controversies
Arkham has been criticized for potentially enabling privacy erosion (anyone can crowdsource identification of any wallet). Also for the incentive structure that rewards de-anonymization even of law-abiding users.
Where Arkham fits
- Research on specific addresses without paying Nansen.
- Following whale movements, protocol treasury flows, exploit trails.
- Post-exploit forensics.
ARKM token
- Governs the platform.
- Airdropped 2023 to users.
- Used to pay for bounty rewards.
Alternatives
- Nansen (paid, more labels).
- Etherscan Explorer + address book (free, no ML).
- Community-run label databases on Dune.