Alchemy has acquired Solana infrastructure provider DexterLab on May 16, 2025, to expand its blockchain services beyond Ethereum.
The acquisition enhances Alchemy’s Solana capabilities, meeting growing enterprise demand for blockchain infrastructure, amid increasing development within the Solana ecosystem.
Alchemy Strengthens Solana Footprint with Key Acquisition
Alchemy, a leading blockchain infrastructure firm, has completed the acquisition of DexterLab, a provider specializing in Solana infrastructure. The deal is a continuation of Alchemy’s strategy to diversify beyond their Ethereum-focused offerings.
Alchemy initially branched into Solana in 2022. The acquisition hints at bolstering Solana’s RPC capabilities, enhancing their market competitiveness against peers like QuickNode. DexterLab’s managed Solana data streams play a pivotal role in this expansion.
Acquisition to Accelerate Solana Web3 Development
The acquisition is expected to boost Solana-based Web3 application development. While the purchase remains financially undisclosed, industry insiders suggest this aligns with Alchemy’s previous funding of $200 million for expansions.
Financial markets see this as an “opportunity” for Solana infrastructure growth. With past performance showing increased demand for Solana solutions, the acquisition could reshape technological landscapes within the blockchain community. Substantial savings and speeds are anticipated outcomes.
“The purchase will accelerate the development of Solana-based Web3 applications to meet growing enterprise demand.” — Alok Vasudeva, CEO of Alchemy
Experts See Strategic Advantage in Solana Expansion
Alchemy’s move parallels its 2022 Solana venture, designed to mitigate dependency on Ethereum. Similar acquisitions in the blockchain domain have led to accelerated service integration and competitiveness in rapidly evolving tech markets.
Experts view this as a strategic maneuver in the burgeoning Solana infrastructure space. Historically, such acquisitions create robust competition and invigorate market activity, aligning with global trends towards decentralization and blockchain adoption.
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