Arkham Intelligence addresses the difficulty of interpreting raw, anonymous blockchain data by linking addresses to real-world entities and offering centralized analysis tools under one roof. Its proprietary Ultra AI engine provides multi-chain coverage, while the Intel Marketplace uses ARKM-based bounties and auctions to incentivize on-chain sleuths and reward verified intelligence submissions. Another notable strength is the platform’s integrated exchange, which labels its on-chain reserves for enhanced transparency. However, a key concern is the project’s limited disclosure of ARKM token supply and distribution details, making the long-term value proposition uncertain.

ARKM is the native token of Arkham’s blockchain intelligence marketplace and omni-platform. It is used to post and settle bounties/auctions, for anti-spam stakes, as payout currency for contributions, and to obtain platform fee discounts; it also carries governance rights per documentation. Fees (maker/taker on the marketplace and early-withdrawal) are charged in ARKM via contracts; however, the destination/redistribution of those fees is not specified, and there is no explicit revenue share or buyback-to-burn for token holders. Supply-side, ARKM launched with a fixed initial supply of 1B and no planned emissions. The allocation is weighted toward ecosystem incentives/grants (37.3%), with meaningful shares to core contributors (20%), investors (17.5%), and the foundation treasury (17.2%); 5% went to Binance Launchpad and 3% to advisors. Unlocks continue through 2030, with the heaviest dilution window through July 2027 (~1.95% of total supply unlocking monthly across team/investors/advisors plus ecosystem and treasury). On-chain, about 51.4% is circulating today. Holder concentration is high (top 10 ~67.4%), including a large contract wallet and exchange custody. Overall, ARKM has real in-protocol utility, but near-/mid-term unlock pressure and unclear fee accrual to holders are key considerations for investors.