Chainalysis is excited to announce support for Plasma, a high-performance Layer 1 built for stablecoins. Plasma has less than 1 second block times, can handle more than 1,000 transactions per second, is EVM compatible, and supports more than 100 currencies. These features facilitate fast settlement and swaps between currencies and for payments.
With this integration, Chainalysis support extends beyond the native XPL token to include automatic coverage for new fungible and non-fungible tokens deployed on Plasma that adhere to the ERC-20 and ERC-721 standards. As new tokens are minted daily, they are seamlessly added to our platform without manual intervention.
Customers can now monitor Plasma toke...
Chainalysis is excited to announce support for Plasma, a high-performance Layer 1 built for stablecoins. Plasma has less than 1 second block times, can handle more than 1,000 transactions per second, is EVM compatible, and supports more than 100 currencies. These features facilitate fast settlement and swaps between currencies and for payments.
With this integration, Chainalysis support extends beyond the native XPL token to include automatic coverage for new fungible and non-fungible tokens deployed on Plasma that adhere to the ERC-20 and ERC-721 standards. As new tokens are minted daily, they are seamlessly added to our platform without manual intervention.
Customers can now monitor Plasma tokens through Chainalysis KYT (Know Your Transaction) with actionable alerts and continuous monitoring. Plasma support is also integrated into our entity screening products, as well as our flagship investigations tool, Reactor. This enables customers to track fund flows across Plasma tokens, investigate transactions, visualize money movements, and identify potential illicit activity.
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