Chainalysis Expands DeFi Monitoring by Supporting Unichain Integration
Chainalysis has announced support for Unichain, a layer-2 solution from Uniswap Labs, enhancing its security and compliance in the DeFi sector.
- Chainalysis will integrate Unichain into its platform for monitoring digital assets, including NFTs.
- The company will utilize its Know Your Transaction (KYT) technology to monitor transactions on Unichain, detecting high-risk behaviors.
- Chainalysis will alert Unichain about abnormal token movements to protect users.
- Unichain will also be integrated into Chainalysis' entity screening products to analyze wallet addresses for compliance.
- The investigative tool Reactor will help trace funds and detect illicit activities within Unichain.
Unichain has attracted major players like Coinbase and Circle since its launch, onboarding over 100 companies. Chainalysis continues to evolve its solutions, recently introducing tools for assessing Virtual Asset Service Providers and acquiring Web3 security firm Hexagate to combat crypto-related crimes.