Alchemy support for Solana apps despite constant platform issues

Renowned Web3 development platform and infrastructure provider Alchemy will support applications built on the Solana blockchain.

The announcement was announced by Alchemy just days after the Solana network continued to be down on June 1. The crash was caused by an error that prevented network consensus from being reached.

However, this is not the first time that the Solana system has suffered a serious technical failure because in fact the blockchain with the 5th largest total value of re-key (TVL) in the market (about 2.73 billion USD at present) has been destroyed. pause 4 times in 2022, if not counting the other times occurring in the end of 2021.

However, that doesn’t seem to be the case for Alchemy, which is still determined to give developers the ability to use the project’s software and infrastructure in applications built by Solana. Alchemy is reported to have a huge valuation of up to 10.2 billion USD, the company is the organization that created the Web3 API called Alchemy Supernode and a development kit used for monitoring and debugging called Alchemy Build.

We’re officially supporting @solana 🎉 🎉

Solana devs: start building with Alchemy. Get reliability and scale.

Alchemy devs: start building on Solana. Get speed and affordability.

Everyone: here’s why it’s a game-changer pic.twitter.com/t1il3SKq4G

— Alchemy | We’re Hiring! (@AlchemyPlatform) June 2, 2022

The software has proven itself immensely useful in the past when it comes to scaling and managing with some of the most popular projects on the market including marketplace OpenSea, the industry-leading lending platform Aave (AAVE) and DeFi 0x Protocol (ZRX) – the project has just raised $70 million in capital and become an official partner of Coinbase NFT.

Not only that, in the field of NFT, Alchemy has also made remarkable achievements. Most notably, the support for the success of Dapper Labs – the company that develops blockchain Flow. Alchemy developed the platform that powers Dapper Labs, which has since helped Dapper Labs launch some of the most resounding NFT collections to date including CryptoKitties and NBA Top Shot.

Additionally, Alchemy also successfully raised $80 million last April to power its Web3 builder toolkit for NFT. Notably, Alchemy’s two co-founders, Nikil Viswanathan and Joseph Lau, have both made it to the top of the richest billionaires in the cryptocurrency industry in 2022, with a fortune of about $2.2 billion each.

Overall, this new integration shows that despite repeated outages, community frustrations from time to time, and SOL prices down 85% from the $260 ATH reported. set up in November 2021, it seems that Solana has yet to lose the trust of developers to continue to solidify as a valuable resource for productive Web3 applications.

CHK synthesis

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