Skyeye on the OKLink chain added support for address analysis of Ethereum and USDT, and added tens of millions of address labels.
Written by: Karen
At the time when Ethereum soared above $600 and hit a new high since June 2018, the head of decentralized finance (DeFi) projects also rebounded sharply. The DeFi boom and the upcoming Ethereum 2.0 have stimulated the continuous rise of transaction activities on the Ethereum chain. It has exceeded the high point in mid-January 2018, and the number of active addresses is also approaching the peak in January 2018.
The number of transactions and active addresses on the ETH chain, source: OKLink
On the Ethereum network, according to OKLink statistics, along with the explosive growth of DeFi projects, the number of contracts currently created is as high as 35.34 million, and the types of ERC 20 tokens deployed have exceeded 294,000.
On the other hand, the stable currency USDT has become an important hub connecting the fiat and cryptocurrency world and a popular exchange channel on the exchange, and it has also become a beneficiary of the wave. Since the beginning of this year, the market value of USDT has soared from approximately US$4.106 billion to the current US$17.867 billion, which has nearly tripled. Among them, among the 12 stable currencies on the Ethereum network, USDT accounts for over 67% of the total market value of stable currencies in circulation.
From the vigorous development of the Ethereum network and the strong market demand for USDT, it can be seen that Ethereum and USDT have developed into the cornerstones of the cryptocurrency market. However, frequent security issues have sounded the alarm for the development of the industry. Recently, several DeFi projects such as Value DeFi, Cheese Bank and Origin’s stable currency OUSD have been attacked. At the same time, the market’s demand for a full range of blockchain browsers that can meet on-chain data monitoring, address and transaction activity analysis, etc. is also expanding.
In view of this, OKLink recently added support for ETH, USDT-ERC20 and USDT-Omni after launching the “Sky Eye on the Chain” function in September to support Bitcoin.
Skyeye on the OKLink chain adds support for ETH and USDT
As the core product of Ouke Cloud Chain Group, OKLink has independently developed a high-performance, multi-currency blockchain browser based on industry-leading blockchain + big data technology, providing users with on-chain transaction traceability and blockchain In addition to anti-money laundering functions such as address relationship analysis and on-chain fund flow tracking, it also provides commercial functions such as blockchain basic data query, blockchain address tag library, blockchain address profile, and cross-chain project data aggregation. The only blockchain browser product on the market that integrates blockchain, big data, and artificial intelligence.
OKLink is an on-chain data monitoring and transaction behavior visualization tool that is free and open to all users. It has three functions: transaction graphs, address analysis and on-chain monitoring . The goal is to provide users with data service tools and assist law enforcement agencies in chaining Work on law enforcement, crack down on illegal production, and smart police assistance, and promote a new infrastructure industry based on blockchain.
The address analysis function can provide data and visualization charts after an address interacts with other addresses. This time, support for Ethereum, USDT (ERC20) and USDT (Omni) is added, and nearly one is added for the Ethereum network. Tens of millions of address labels provide users with richer and more accurate data analysis and monitoring services on the chain.
Users only need to select the currency to be queried in the address analysis function of Tianyan on the chain, enter the address to be queried, and set the time interval, transaction threshold, and number of mining layers, and select at least one transaction flow direction out or out. Perform address analysis.
Regarding the analysis process of Tianyan on the chain, the relevant person in charge of OKLink said : “First, Tianyan on the chain uses technical means to tag a large number of addresses to clarify the initiator of the transaction; second, for data acquisition, taking USDT-ERC20 as an example, due to transfer transactions We need to rely on smart contracts, so we first analyzed the internal Token transactions in USDT, put all historical transaction data in the database, and finally stored it in the graph database to ensure the response speed of the query.”
Take the “DeFi Protocol Value DeFi MultiStables Vault” attack that occurred this month as an example, combined with the on-chain SkyEye address analysis function and the Ethereum browser, it can be seen that the hacker’s address was used for lightning loan after borrowing 80,000 ETH from the Aave protocol Attack, manipulate the price of USDC/3CRV in the Curve DAI/USDC/USDT pool to manipulate the value of mVUSD/3CRV to complete arbitrage.
Among them, the Ethereum browser can disclose the details of arbitrage carried out by hackers through token transactions and internal details, and the on-chain Skyeye address analysis function can concisely and clearly show the hacker’s transaction process of borrowing and returning 800,000 ETH through Aave.
It can be seen that the address analysis function also automatically generates the address balance, the number of transactions in the relevant time interval, and so on. The transaction between addresses in the analysis diagram is also marked with the amount of capital flow for users to view. Users can also click on the arrow part to obtain further transaction details. In addition, in addition to BTC and ETH, the on-chain Skyeye address analysis function also supports USDT (ERC20) and USDT (Omni) to track and analyze the flow of funds for users or law enforcement agencies.
In addition, if users need to monitor an address, they can monitor the liquidity information of the address through the “on-chain monitoring” function of the OKLink chain. In this way, users can get email notification as soon as the funds are transferred.
The combination of the blockchain browser function and the Tianyan on the chain provides an efficient data query and monitoring tool for users and law enforcement agencies to track and analyze the flow of funds.
What functions does OKLink support? What are the advantages compared with similar competitors?
As a leading blockchain browser, OKLink is committed to cultivating data on the chain, providing one-stop data query, monitoring and other functions, and solving fraud problems such as black production address tracking and location.
At present, in addition to Tianyan on the chain, the OKLink blockchain browser supports nine major currencies and networks , including BTC, ETH, LTC, BCH, BSV, DASH, USDT, ETC, OKExChain, and covers the block production of each currency Information, network-wide computing power, difficulty, rich address rankings, chain data, transaction volume and other data and visual statistical charts.
In the Ethereum blockchain browser, in addition to supporting Ethereum, OKLink also supports data query of most ERC 20 tokens, including key information such as market value, circulation, transaction volume, number of currency holding addresses, and holding proportions.
In addition to cultivating blockchain browsers, OKLink is also continuously upgrading and iterating products to enrich the data on the chain and increase the multi-dimensional statistical analysis section.
In order to meet the needs of users, OKLink also added a DeFi data statistics section in August this year, providing a ranking of multiple data including lock-up, market value, mortgage lending, decentralized exchanges, stable coins, and anchored assets.
In the latest upgrade, OKLink also added 10 million Ethereum address tags by optimizing algorithms and analyzing address transaction behavior, which is far superior to similar blockchain browsers and facilitates accurate tracking of users. Paying users can also distinguish between the user’s recharge address and the exchange’s internal address in the browser and Tianyan products on the chain.
In terms of query entry, OKLink also released WeChat Mini Programs and Baidu Mini Programs, which support blockchain browsers and large-amount monitoring functions, which further enhance the user experience.
In addition, OKLink promptly outputs relevant hot information to users, including changes in Ethereum 2.0 deposit contract address balance, Bitcoin difficulty adjustment, chain data, large transfers, and data changes.
Compared with similar competing products, OKLink has significant advantages in terms of product features, number of address tags, user-friendliness, etc., and has developed into a full range of blockchain browsers and service tools.
OKLink empowers new infrastructure, helps anti-fraud, and creates a “blockchain+” ecology
Relying on the industrial layout on the blockchain, OKLink is also constantly making major breakthroughs in its exploration of empowering new infrastructure and helping anti-fraud.
In July of this year, in order to explore the “blockchain+” model and empower new infrastructure, OKLink launched the “Origin Plan”-OKLink Ecological Strategic Partnership Camp to further expand the diversified application scenarios from the digital scene to the physical field, and promote The new infrastructure industry of blockchain. Specifically, Ouke Cloud Chain works with partners such as digital wallets and leading blockchain institutions to promote blockchain empowerment in areas such as artificial intelligence, big data, Internet of Things, finance, and logistics.
While continuously upgrading products, Ouke Cloud Chain also actively empowers the entire industry with security. In September 2020, Ouke Cloud Chain and the major special “Modern Service Trusted Transaction” project team of the Ministry of Science and Technology, China Electronics and Information Industry Development Research Institute, and Baidu, 360, Xiaomi and other companies jointly participated in the development of the first The industry applies the “anti-money laundering” standard.
In terms of safeguarding digital financial security, OKLink is also constantly using blockchain and big data to build a security system. At the 3rd Digital China Construction Summit held in October, Zhang Chao, vice president of Ouke Cloud Chain, said, “Ouke Cloud Chain will be based on the positioning of blockchain + big data service providers, under the new generation of financial security system. , To link various regulatory agencies, industries, and corporate security systems to ensure the safe and stable operation of financial networks and information systems, and provide technical support for my country to move from a network power to a network power, and to ensure financial network security.”
Specifically, the OKLink blockchain browser and the Tianyan products on the chain provide regulatory agencies and law enforcement agencies with an efficient tool for data retrieval, analysis and monitoring, helping to locate the flow of funds and leading the blockchain supervision technology. Recently, OKLink has also assisted law enforcement agencies in many places to efficiently handle cases through its on-chain Skyeye and blockchain browser, contributing to combating crimes in the digital asset field and maintaining national financial security, and received a letter of thanks from law enforcement agencies. Currently, OKLink’s Skyeye Smart Assistant Police has been deployed in many places.
Yesterday, Ouke Cloud Chain also relied on the industry-leading OKLink blockchain browser and the excellent performance of Tianyan on the chain. It won the 2020 Blockchain Industry Conference and Awards Ceremony jointly hosted by Lieyun Finance and Alibaba Cloud “2020 Best Security Service Organization” title.
It can be seen that by providing on-chain data information, data tracking, monitoring and analysis services, using its blockchain tools to provide investors with industry information, working with regulators to solve cases, and actively responding to new infrastructure and other fields, it has become The industry’s leading blockchain service pioneer.
Although the current regulation based on blockchain technology has not yet reached the stage of maturity, OKLink’s innovation and continuous exploration in blockchain data analysis will undoubtedly promote the standardized development of the blockchain industry, and empower regulatory technology and digital transformation. Multi-industry.
