Beosin KYT now supports Solana, providing security + compliance services for the Solana ecosystem

As a high-performance blockchain, the Solana ecosystem is growing continuously, and more and more funds are entering the Solana ecosystem to participate in various trading activities. The current daily transaction volume of the Solana network is between 1.5 and 2.5 billion US dollars, and a large number of users trade meme tokens and DePIN concept tokens on the Solana chain.

Along with the active trading volume, high-risk funds are mixed and cleaned through the Solana network. In response to such security and compliance challenges, Beosin launched Solana's Know Your Transaction (KYT) service to monitor and alert any transactions suspected of money laundering activities on the Solana chain, helping its ecological capital flow to be legal and compliant.

Beosin’s security + compliance solution for Solana

Unlike the Ethereum network, Solana has innovated in account design and separated data resources and execution programs, allowing it to quickly process concurrent transactions.

Beosin KYT has updated the account design for Solana. Based on blockchain big data analysis technology and advanced AI technology, through billions of address labels and black address libraries, it can identify any suspicious transactions on the Solana chain and conduct comprehensive risk assessments. As well as identifying the risks of on-chain relationships, it helps exchanges and Solana ecological project parties build the capabilities of KYT and continuous address risk assessment.

Beosin KYT can not only perform compliance inquiries on address transactions on the Solana network, but also support cross-chain automatic penetration and correlation to other Layer1/Layer2 networks for risk-related inquiries to prevent risk funds from being laundered through Solana. The address panel will display the target address's risk score, address label, and funding activity.

Beosin KYT also provides users with a clear view of the flow of target address funds on the Solana chain, making it easier for users to inspect and analyze related addresses and transaction paths.

Previously, Beosin has provided comprehensive security services for Solana , completed security audits for Solana’s ecological NFT project Space Runners , AI+SocialFi project ChatAI , and Dapp service provider MESSIER|M87 , and served as an ecological cooperation partner for Solana Hyperdrive’s global online hackathon to provide safety guidance for participating projects. Regarding the security incidents of Solana ecosystem, Beosin also analyzed and set alerts at once: "Using 10 million to leverage hundreds of millions of funds? Analysis of Hacker Attacks on Mango Protocol".

Beosin KYT is aimed at the upgrade of the Solana ecosystem, providing complete compliance services to the project parties and related exchanges of the Solana ecosystem, helping them identify suspicious activities in Solana ecological asset transactions, and demonstrating the compliance status of on-chain activities.

Beosin KYT customers can take advantage of various functions such as malicious address query, address transaction risk scoring, STR report output, and on-chain fund tracking to provide a safer interactive environment for its users. This continuous optimization and upgrade ensures that KYT products can maintain high accuracy in the face of the ever-changing crypto market and illegal funds on the chain, helping the compliant development of the Web3 ecosystem.