Tuesday, July 1, 2025
HomeCryptocurrencyAlchemy Acquires Solana Developer DexterLab For Undisclosed Price

Alchemy Acquires Solana Developer DexterLab For Undisclosed Price

Blockchain growth platform Alchemy mentioned it has acquired Solana developer DexterLab for an undisclosed payment.

The acquisition will speed up the event of Solana-based Web3 purposes to fulfill rising enterprise demand, Alchemy mentioned in an emailed announcement on Friday.

DexterLab’s know-how has beforehand powered the Solana growth of Google and the Solana Basis, establishing itself as “a go-to infrastructure supplier,” in keeping with Alchemy’s announcement.

Considered one of Alchemy’s goals in buying DexterLab is to consolidate Solana growth alongside that of Ethereum to cut back complexity for initiatives constructing throughout a number of networks.

Alchemy could also be be making an attempt to seize the rising prominence of Solana as a most popular venue for blockchain purposes.

Whereas Ethereum stays comfortably the bigger blockchain by way of total-value locked, there are some metrics the place Solana can declare the ascendancy. For instance, lively addresses on Solana have been over 210 million within the final three months whereas Ethereum and Ethereum Layer-2 addresses are just under 80 million. Transactions on Solana have additionally outnumbered Ethereum: 4.75 billion to 1 billion.

Learn Extra: Mike Novogratz’s Galaxy Digital Swaps $100M ETH for SOL, On-Chain Knowledge Reveals


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