Alchemy Expands Its Reach by Acquiring DexterLab, the Solana Developer
This acquisition by Alchemy aims to enhance the development of Solana-based Web3 applications to satisfy rising enterprise needs.
Blockchain development platform Alchemy announced its acquisition of DexterLab, a developer specializing in Solana, for an undisclosed amount. This merger is intended to speed up the development of Solana-based Web3 applications, addressing the increasing demand from enterprises, as stated in an official announcement from Alchemy.
Key Points:
- Alchemy’s acquisition will integrate Solana development with Ethereum to simplify processes for developers working across various networks.
- DexterLab’s technology has historically supported significant Solana projects, including those for Google and the Solana Foundation, positioning it as a crucial infrastructure provider for blockchain solutions.
By combining the strengths of Solana and Ethereum, Alchemy aims to streamline the development experience and capture a larger share of the blockchain application market.
Though Ethereum currently dominates in total-value locked metrics, Solana has been gaining traction with metrics such as over 210 million active addresses in just the last three months and 4.75 billion transactions compared to Ethereum’s 1 billion.
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