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Alchemy To Support Solana-Built Apps After Blockchain Halting Multiple Times In 2022

Alchemy, the Web3 development platform and infrastructure provider, will support Solana-built applications, despite the blockchain halting multiple times in 2022.

It has been reported that caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately four 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.

However, 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.

The report said that 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, the Chief Technology Officer and Co-founder of Phantom, said that his firm is excited about Alchemy’s Solana integration.

He added:

“Their infrastructure and product suite has a proven track record for performance benefits. This will be a game changer for Phantom and any other Solana developers who choose to start using Alchemy.”

Thus, 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.

Source: Cointelegraph


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