Alchemy Acquires Solana Developer DexterLab to Enhance Web3 Development

Alchemy has acquired Solana developer DexterLab for an undisclosed amount. This acquisition aims to enhance the development of Solana-based Web3 applications, addressing increasing enterprise demand.

Key points:

  • DexterLab has previously supported Solana projects for Google and the Solana Foundation.
  • The acquisition seeks to streamline Solana development alongside Ethereum, simplifying multi-network project building.
  • Solana's active addresses surpassed 210 million in the last three months, compared to under 80 million for Ethereum and its Layer-2 solutions.
  • Solana transactions reached 4.75 billion, significantly higher than Ethereum's 1 billion.