Blockchain improvement platform Alchemy stated it has acquired Solana developer DexterLab for an undisclosed payment.
The acquisition will speed up the event of Solana-based Web3 functions to fulfill rising enterprise demand, Alchemy stated in an emailed announcement on Friday.
DexterLab’s know-how has beforehand powered the Solana improvement of Google and the Solana Basis, establishing itself as “a go-to infrastructure provider,” in keeping with Alchemy’s announcement.
One in every of Alchemy’s goals in buying DexterLab is to consolidate Solana improvement alongside that of Ethereum to scale back complexity for tasks constructing throughout a number of networks.
Alchemy could also be be trying to seize the rising prominence of Solana as a most popular venue for blockchain functions.
Whereas Ethereum stays comfortably the bigger blockchain when it comes to 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.
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