On-Chain Researcher (Attribution & Monitoring)

As an On-Chain Researcher at hermeneutic research, you will support the research team with real-time monitoring and attribution, helping identify who is behind wallets, clusters, and flows across blockchains. You work in a highly collaborative environment with access to substantial data, technology, and trading infrastructure at a proprietary trading firm known for research-driven strategies and risk management.

What you'll do

• Perform entity attribution, wallet clustering, and transaction graph analysis across account-based and UTXO-based blockchains
• Investigate unknown wallets and clusters, weighing evidence and stating confidence honestly before sharing conclusions
• Analyze exchange flows, treasury and insider activity, token unlocks, vesting, and cross-venue capital movement
• Investigate unfamiliar protocols, entities, and market events quickly and report what the on-chain data does and does not show
• Monitor on-chain activity and market events in real time for potentially tradeable signals and escalate them to the senior team
• Build and maintain monitoring workflows, dashboards, and alerts for themes and entities of interest
• Communicate complex blockchain activity clearly and concisely to researchers and traders, including under time pressure in volatile markets
• Provide coverage and backup for senior researchers when colleagues are out
• Support senior researchers on exploratory analysis across Bitcoin, EVM ecosystems, and major non-EVM blockchains
• Query and analyze blockchain datasets using SQL and APIs, including internal data platforms, to validate hypotheses quickly
• Use modern analytical and AI-assisted tooling to speed up attribution, summarization, and ad hoc research
• Collaborate with engineering on datasets, monitoring systems, and research tooling

What you bring

• 2 to 3 years of experience in blockchain analysis, crypto research, or a related field
• Demonstrable, hands-on experience with on-chain attribution: wallet clustering, entity analysis, and investigating unknown addresses
• Publicly available research or analysis we can review before interviews (for example, threads, reports, dashboards, or write-ups)
• Working familiarity with Bitcoin, EVM ecosystems, and at least one major non-EVM blockchain
• Understanding of how on-chain activity such as exchange flows, unlocks, and treasury movements relates to market behavior
• Working proficiency in SQL and APIs, with experience querying large blockchain datasets
• Experience with blockchain analytics and visualization platforms such as Dune, Flipside, Arkham, Nansen, Etherscan, Solscan, or similar tools
• Familiarity with Bitcoin's UTXO model and associated transaction analysis techniques
• Python or a similar language for research and prototyping
• Good judgment about what is signal and what is noise in incomplete or fast-moving data
• Strong attention to detail while tracking several assets and themes at once
• Clear written and verbal communication, especially under time pressure
• Ownership, self-direction, and intellectual curiosity
• Ability to work collaboratively across research, trading, and engineering teams

Nice to have

• Experience at a trading firm, hedge fund, market intelligence firm, or crypto-native research organization
• Experience building monitoring dashboards, alerts, or information aggregation workflows
• Experience interpreting real-time market events, such as unlocks, governance actions, liquidations, hacks, and bridge movements
• Familiarity with derivatives positioning or cross-venue flows
• A network within the crypto ecosystem and familiarity with key entities, protocols, and information channels

About hermeneutic research

hermeneutic research is a proprietary trading firm that deploys research-driven discretionary and systematic strategies and makes strategic long-term investments. The firm is built on a culture of alpha generation, open debate, relentless iteration, teamwork, and disciplined risk management.