On-Chain Researcher (Attribution & Monitoring)

Company Overview

hermeneutic research is a best-in-class proprietary trading firm. It deploys research-driven discretionary and systematic strategies as well as makes strategic long-term investments. The partners' decade-long history of success in trading and business building and a firm-wide cultural emphasis on alpha generation, open debate, relentless iteration, and teamwork are key to the firm's continued expansion in a challenging market environment that has hamstrung competitors. A hard-wired emphasis on risk management and opportunistic market participation ensure that hermeneutic research will continue its growth trajectory in the coming decades.

Job Overview

We are seeking a crypto-native on-chain researcher to join the research team. You will support our senior researchers with real-time monitoring and attribution, helping the team keep continuous coverage of market-moving on-chain activity.

The core of this role is on-chain attribution and monitoring: identifying who is behind wallets, clusters, and flows, and doing it accurately while handling uncertainty. Accurate attribution underpins everything else we build on top of it, including the charts, alerts, and monitoring workflows the team relies on to interpret market-moving activity in real time.

This is an opportunity for a talented on-chain researcher to work in a highly collaborative environment with access to substantial data, technology and trading infrastructure.

Responsibilities

Attribution & Blockchain Analysis

• Perform entity attribution, wallet clustering, and transaction graph analysis across account-based and UTXO-based blockchains.
• Investigate unknown wallets and clusters, weighing the evidence and stating confidence honestly before conclusions are shared.
• 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.

Real-Time Monitoring & Coverage

• 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.

Research Support & Tooling

• 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 our 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.

Must Haves

Experience & Knowledge

• 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 that 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.

Technical & Analytical Skills

• 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.

Operational & Communication Skills

• 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.

Preferred Qualifications

• 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.

Interview Process

1. CV Screening – We will review your application based on the qualifications and experience outlined above.
2. Phone Interview – A discussion with the Talent Acquisition Partner to better understand your background, career motivations, and overall alignment.
3. Written follow-up – A few short written questions on your on-chain research process, reviewed by the research team.
4. First Interview – Interview with our On-chain Research Lead on your experience and general technical knowledge.
5. Second Interview – A deeper look at your attribution methodology, how you validate on-chain signals, and your public research.
6. CIO Interview – A concluding discussion to evaluate cultural fit, strategic alignment, and how you resonate with the firm's values.

Company Values

Throughout the process, you'll be assessed for cultural fit through our company values:

• Drive – We believe the best team members are deeply passionate about what they do. That passion fuels their growth, drives them to seek out the best teams, and leads them to hold high expectations of themselves in pursuit of excellence.
• Ownership – We aim to extend ownership as broadly as possible across the firm. In return, we value people who take initiative, step up when needed, and treat the company’s goals as their own.
• Judgment – We value those who see the big picture and focus on what truly drives impact and results. They use time wisely, adapt across domains, and always prioritize outcomes over comfort zones.
• Openness – We foster a culture of open communication, mutual challenge, and shared growth. We believe constructive debate and proactive knowledge sharing lead us closer to the truth—and better decisions.
• Competence – We work with people who bring exceptional intellectual strength. What sets them apart isn’t just what they know—it’s how they use what they know to navigate change, adapt quickly, and contribute meaningfully in fast-changing environments.
• Resilience – We perform under pressure. Markets move fast, and so do we—but we stay grounded, focused, and calm. We embrace uncertainty, learn from setbacks, and adapt quickly without losing sight of long-term goals.