Arkham Intelligence Inks New Partnership With Polygon

Blockchain analytic startup Arkham Intelligence has announced its latest partnership with Polygon as part of the building blocks of its vision for ‘Total Crypto Intelligence’.

With this collaboration, users can keep records on its chain by tracking, monitoring, and identifying wallets. Markedly, this is the second chain that Arkham Intelligence will add support for with Ethereum (ETH) being the first.

“Arkham is excited to announce a collaboration with Polygon,” a blog post by Arkham Intelligence outlined. “Polygon will be added to the Arkham platform, representing a significant step toward building our vision for ‘Total Crypto Intelligence’ across all blockchains.”

“Arkham’s integration of multiple chains into a single platform opens new possibilities for on-chain research. Users will be able to observe a single entity’s activity across multiple chains, painting a more complete picture of their crypto presence.”

This support will be fully functional from the first quarter of the year. The analytic firm attributed its decision to pick Polygon for its second integration due to its huge user base and previous relationship with Disney, Starbucks, and Stripe. Notably, Polygon is one of the largest Layer 2 blockchains by Total Value Locked (TVL) reaching an enormous number of users according to multi-chain aggregator DeFiLlama.

Polygon’s Partnership With Wall Street Giants 

The Polygon platform records as much as 2.5 million transfers worth hundreds of millions of dollars daily. It has over 213 million unique addresses on its blockchain ecosystem which will soon be accessed through Arkham Intelligence. Data analytics firms like Arkham need to offer support to more blockchain ecosystems to enable them to reach a wider audience.

Also, blockchain ecosystems like Polygon help to bridge the gap between traditional organizations and Web3.0. While trying to expand and establish its presence in the Non-fungible token (NFT) space, American multinational entertainment company Disney partnered with Polygon in July 2022. Leading digital assets payment platform Stripe equally began its crypto payment by utilizing the Polygon blockchain.

A few months later, Starbucks chose the Layer 1 protocol as its blockchain provider. In December, the beta version of Web3.0-powered Starbucks Odyssey went live on Polygon.