Alchemy Acquires Solana Developer DexterLab to Accelerate Web3 Applications
Blockchain development platform Alchemy has announced the acquisition of Solana developer DexterLab, signaling a strategic move to enhance the development of Solana-based Web3 applications. The acquisition, which was completed for an undisclosed fee, aims to meet the growing enterprise demand for blockchain solutions.
According to an email announcement from Alchemy on Friday, DexterLab’s technology has been instrumental in powering Solana development for major players such as Google and the Solana Foundation. The acquisition of DexterLab positions Alchemy as a key infrastructure provider in the Solana ecosystem, paving the way for streamlined and efficient development processes.
By integrating DexterLab’s expertise, Alchemy aims to consolidate Solana development alongside Ethereum, simplifying the complexities faced by projects that operate across multiple blockchain networks. This strategic move is expected to drive innovation and facilitate seamless integration of blockchain technologies for enterprises.
With the rise of Solana as a preferred platform for blockchain applications, Alchemy’s acquisition of DexterLab underscores the company’s commitment to harnessing the potential of this burgeoning ecosystem. While Ethereum remains dominant in terms of total-value locked, Solana has emerged as a strong contender in key metrics such as active addresses and transactions.
Notably, Solana has recorded over 210 million active addresses in the last three months, surpassing Ethereum’s figures. In terms of transactions, Solana has processed 4.75 billion transactions compared to Ethereum’s 1 billion, highlighting the network’s scalability and efficiency.
For more insights on blockchain trends, read our article on Mike Novogratz’s Galaxy Digital swapping $100 million worth of ETH for SOL, based on on-chain data analysis.