• Alchemy launches publicly
    Technology

    Jay-Z, Coinbase backed blockchain developer platform launches publicly

    Alchemy describes itself as a ‘quiet giant’ in the industry given that its tools are already used by 70% of top Ethereum applications

    Alchemy has gained substantial momentum during its closed beta phase—and according to the company, it now provides infrastructure and tools for 70% of top Ethereum applications. The platform is also a big player in the decentralized finance space, and said its technology supports 60% of the total assets locked in DeFi protocols, an estimated $2.8 billion.