Alchemy announces support for Solana Web3 applications the day after blockchain halted

Sebastian Parker
Sebastian Parker
Last Updated on June 3, 2022

Alchemy published an announcement announcing its support for controversial blockchain just one day after Solana network was temporarily suspended on June 1.

The Solana Blockchain was stopped on Wednesday due to a bug that made consensus impossible. It was in effect for four hours. The system was not compromised this time, normal functionality having been stopped five times in the past year.

Alchemy doesn’t see this as a problem, since developers can use the software and infrastructure to create Solana-built apps. The company, now valued at $10.2 million, is responsible for creating an API called Alchemy Supernode on Web3 and a suite of development tools called Alchemy Build that allows monitoring and debugging.

This software has proven to be useful when scaling and monitoring projects such as OpenSea, a non-fungible token market, and Aave, a liquidity protocol ( AAVE).

Francesco Agosti is the chief technology officer and cofounder of Phantom, . He said that his company is excited about Alchemy’s Solana integration. He said that their infrastructure and product suite have a track record of performance benefits. This will be a game-changer for Phantom and all other Solana developers who decide to use Alchemy.

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This integration shows that, despite recent outages, and the price for Solana’s native SOL token falling 85% from its peak, developers still trust the blockchain and it continues to be an important resource for building Web3 applications.