Chainalysis is proud to be the first in its category to automatically support all fungible tokens on solana across all chainalysis products. This included Spl tokens and the token 2022 Standard. Currently, this Equates to More Than 10 million Solara Tokens and Growing.
Automatic Token Support on Solana is in high demand due to:
- A substantial Increase in the Number of Tokens: Solana has been a significant rise in the number of tokens being launched, with tens of thousands appearing daily. Some of these tokens, such as bonk and wif, have achieved market caps and volumes comparable to some layer 2 solutions, High demand for understanding and dynamic token support.
- A Growing Developer Community: While Not EVM-compatible, Solana has managed to successfully build a strong and rapidly growing development.
For Most Companies, Shifting Focus Away from Evm Support to One-Off Architecture Like Solana May be seen as a Gamble Becuse Solana has unique blockchain mechanics that define How the Network Operates, and Produces ExponentiaLly More Data Than Other Chains. This requires a substantial love of new and additional engineering expertise, and Our Research and Development Team Accient for Solan's Defining Characteristics to Build A Robust Knowledge Graph of the Blockchain and Make Investigation and Compliance Workflows More Intuitive and Fundamentally Trusted.
TODAY, Chainalysis KYT (Know Your Transaction) Can Monitor Solana Transactions With Actionable Alerts and continuous monitoring to identify High-Risk Behavors and prevent suspicious activities. Solana is also available in our entity Screening Products, Allowing for the Risking of Wallet Addresses. Additionally, Our Flagship Investigations Product, Reactor, Now Enables Customers to Investigate The Flow of Funds Across Solana, Completing Investigative Workflows for Tracing Transactions, Visualizing Fund Movements, and Identifying Potential Illicit Activity.
