Market sentiment has cooled down a bit after the weekend, but the most noteworthy trend in the market today is #Arkham . Before you rush to #ARKM , you can read this article for basic preparation.

The listing of new coins is usually dominated by the mainstream market sentiment and has little to do with fundamentals, so if you do not participate in the investment and choose the current market price at that time, you must make a judgment on the current market sentiment;

1. A brief introduction to Arkham

Let’s first talk about what this project is about: trading data and information on the chain. I don’t know if you have ever used the dark web or heard of it. Basically, you can understand that this is an on-chain dark web to solve the data and information needs on the chain.

  1. Sellers can place orders, such as knowing the actual identity of the xx address

  2. The buyer just wanted to know, so he brokered the deal.

In addition, there is a bounty feature, which is more like the dark web:

  1. The buyer wants to know the entity behind a certain address and publish a reward demand

  2. Bounty Hunter accepts the task to complete this requirement

📍These are basically the basic logic of this project platform, matching to solve the user's on-chain data needs. This is also the fundamental difference between this platform and other traditional on-chain data platforms. The other functions are actually similar.

2. Model competitiveness

Is this model competitive? I think not.

Because the demand for data bounty and transaction is really small and gray, if this platform can do it, can't other platforms such as Nansen and Dune do it? Of course they can (although the founder of Dune said yesterday that he would not issue coins 😆)

If someone compares Blur and Opensea, it would be a bit inappropriate, as Opensea is stuck with this restriction in the US; previously Uniswap was forced to issue tokens, and now other data platforms can do the same, it’s just a matter of considering whether they need to go online. The old data platforms have a very good accumulation on both the institutional and user sides (in other words, the moat of this model is not deep)

The profit channels of traditional data analysis platforms are nothing more than these two: B-side financing and business cooperation, and C-side value-added services; the profit expectations and imagination space are relatively limited, but is it good to use data and information as a transaction? I don’t think so.

  • Still the third point above, this requirement is a bit gray and small

3. Can the tokens be recharged?

📍Usually when asked this question, I suggest all-in (just kidding), lol~

There is no value investment in the cryptocurrency world. You only need to think about the durability of the narrative.

I think the durability of this track will not be very good, at least not stronger than BLUR's NFT trading narrative. Go for it, but don't get hung up on the top of the mountain. At least it will not be a good target for long-term holding. The short-term market expectations are good, even a bit blind (I'm not sure if it's in hand, because there was a batch of advertising cooperation before the IEO news came out)