- June 3, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022.
In an announcement published by Alchemy just one day after the Solana network temporarily halted on June 1, the Web3 development platform and infrastructure provider announced its support for the controversial blockchain.
Caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately 4 hours on Wednesday. This isn’t the first time the system has been compromised, as normal functionality has been halted five times already this year.
That didn’t seem to be a problem for Alchemy, which gives developers the ability to use its software and infrastructure in Solana-built applications. Now reportedly valued at $10.2 billion, the company is the creator of a Web3 API called Alchemy Supernode and a development suite 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
This software has proved itself useful in the past when scaling and monitoring, with some of the company’s biggest partners including projects like nonfungible token marketplace OpenSea and liquidity protocol Aave (AAVE).
Francesco Agosti, CTO and co-founder of Phantom, said his firm is excited about Alchemy’s Solana integration. “Their infrastructure and product suite has a proven track record for performance benefits,” he said. “This will be a game changer for Phantom and any other Solana developers who choose to start using Alchemy.”
Related: Chainlink launches price feeds on Solana to provide data to DeFi developers
This new integration goes to show that, despite recent outages and the price of Solana’s native SOL token falling 85% from its all-time high, it seems like the blockchain didn’t lose developers’ trust and so continues to be a valuable resource when building efficient Web3 applications.
