Share this article
Alchemy Expands to the Solana Ecosystem
The company, valued at $10.2 billion, will support developers who seek to build on the chain.
By Cam Thompson
Updated May 11, 2023, 3:45 p.m. Published Jun 2, 2022, 12:00 p.m.
Alchemy is expanding its services to the Solana ecosystem, the Web 3 developer platform said on Thursday. The beta version is now live for users to sign up and will be released to the wider public in the coming weeks, according to a press release.
Popular Web 3 products, such as OpenSea, Aave and 0x, were developed through Alchemy. Product manager Michael Garland told CoinDesk that Alchemy is excited to cater to the “existing, thriving, very passionate ecosystem of developers that have grown up natively on Solana.”
STORY CONTINUES BELOW
“We haven't been able to help them out with our existing tooling,” he said, noting the new platform will help developers save time and accelerate product development. “I’m super excited about making the lives of Solana developers much easier,” Garland added.
Though Alchemy introduced Ethereum scaling solutions only last June, Solana Labs Head of Communications Austin Federa said the chain’s efficiency makes it a good platform for developers looking to take their products to Web 3 from Web 2.
“The hope of Solana” is to move “from a world where transactions are scarce and expensive, and slow, to a world where transactions are fast, cheap and readily available,” Federa told CoinDesk.
Alchemy raised $200 million in a Series C-1 funding round in February at a valuation of $10.2 billion. The platform has “tens of thousands” of developers, according to Garland, but he did not specify a number.
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
알아야 할 것:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
