Arkham
ARKM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Arkham (ARKM) scores a weighted average of 5.9/10 across all evaluated dimensions. The project demonstrates solid active development (7.0/10) with multi-product shipping milestones such as the Arkham Insights upgrade and official Python SDK releases, supported by active public founders and reputable backing (6.5/10). ARKM serves as an intelligence and bounty exchange asset within an established deanonymization market (6.0/10) and has an active on-chain community with ~39,000 holders (6.5/10). However, overall investment potential is constrained by tokenomics (5.0/10), which exhibit heavy insider allocations (~40%) and substantial ongoing unlock overhang, alongside security scores (4.5/10) capped by steep unrecovered market drawdown from all-time highs and past Quantstamp audit notes regarding permissions and accounting. No qualifying red-flag events (hacks, fraud, regulatory enforcement, or delistings) were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Arkham (ARKM)
Arkham (ARKM) is the native utility and governance token for Arkham Intelligence, an on-chain analytics and deanonymization platform operating on the Ethereum blockchain as an ERC-20 token. Founded by Miguel Morel and Henry Fisher, the platform systematically maps pseudonymous blockchain transactions to real-world entities for use cases across market trading, compliance, and law enforcement. The ARKM token serves as the transactional currency for the platform's Intel Exchange, allowing participants to place and claim intelligence bounties, purchase exclusive data, and access premium analytics features.
The project operates under a corporate structure with token-holder governance facilitated through Arkham Improvement Proposals (AIPs) on Snapshot. Development activity includes updates such as the Arkham Insights Upgrade, a Python SDK published to PyPI, and integrations spanning blockchain exploration, DEX monitoring, and prediction market analytics. Smart contracts associated with the platform have undergone reviews by firms including Quantstamp, Hacken, and CertiK, and the team maintains a bug bounty program on Immunefi.
Arkham is subject to notable market and tokenomic risks. The token has experienced a significant price drawdown of more than 50% from its historical highs. From a tokenomics perspective, ARKM has a fixed total supply of 1 billion tokens, with approximately 40% allocated to insiders, core contributors, advisors, and private-sale participants. Ongoing daily vesting unlocks, alongside a scheduled major unlock in September 2026, present substantial supply overhang risk. Additionally, a prior smart contract audit by Quantstamp identified issues regarding permissions and faulty accounting in the Intel Exchange bounty contract.