Thomas Daniels
In order to incorporate Sui blockchain data into its analytics platform, Arkham Intelligence and Sui Network have formed a collaborative alliance. Through this partnership, Arkham’s suite of sophisticated tools—which includes visual tracing capabilities, entity and address pages, customisable dashboards, and real-time alerts—will be made available to Sui users.
The participation of Walrus Protocol, a decentralized data storage system being developed by Mysten Labs, the company behind Sui, is a noteworthy feature of this collaboration. In keeping with its commitment to on-chain transparency and the development of blockchain analytics within the Sui ecosystem, Arkham plans to investigate possible uses of Walrus inside its Intel Platform.
The acquisition of $1 billion in total value locked (TVL) and an astounding $2.93 billion in trading volume in the last week demonstrate the Sui blockchain’s notable growth in 2024. The SUI token is currently trading at $4.72, which reflects the network’s strong performance and popularity within the blockchain sector.
Furthermore, Sui’s ecosystem has $300 million worth of stablecoins in circulation, solidifying its standing as a major force in the digital asset market. The network’s recent collaboration with ZAN and Ant Digital Technologies has increased its allure even more by facilitating the tokenization of physical assets with an emphasis on initiatives supported by ESG. Through the Sui blockchain, this project seeks to give investors worldwide easy access to these assets.
An important step in improving blockchain analytics and encouraging more openness in the digital economy is Arkham’s collaboration with Sui. The partnership enhances Sui’s ecosystem and demonstrates its capacity to include state-of-the-art technologies such as Walrus Protocol for sophisticated data processing and storage.
