Alchemy Acquires Solana Developer DexterLab for Undisclosed Sum

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Blockchain improvement level Alchemy said it has acquired Solana developer DexterLab for an undisclosed fee.

The acquisition volition accelerate the improvement of Solana-based Web3 applications to conscionable increasing endeavor demand, Alchemy said successful an emailed announcement connected Friday.

DexterLab's exertion has antecedently powered the Solana improvement of Google and the Solana Foundation, establishing itself arsenic "a go-to infrastructure provider," according to Alchemy's announcement.

One of Alchemy's aims successful acquiring DexterLab is to consolidate Solana improvement alongside that of Ethereum to trim complexity for projects gathering crossed aggregate networks.

Alchemy whitethorn beryllium be attempting to seizure the increasing prominence of Solana arsenic a preferred venue for blockchain applications.

While Ethereum remains comfortably the larger blockchain in presumption of total-value locked, determination are immoderate metrics wherever Solana tin assertion the ascendancy. For example, active addresses connected Solana person been implicit 210 cardinal successful the past 3 months portion Ethereum and Ethereum Layer-2 addresses are conscionable beneath 80 million. Transactions connected Solana person besides outnumbered Ethereum: 4.75 cardinal to 1 billion.

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