Headquarters: San Francisco, CA
Alchemy provides the leading blockchain development platform powering millions of users in 197 countries worldwide to build applications that tap into the blockchain. Alchemy’s mission is to provide developers with the fundamental building blocks they need to create the future of technology. Alchemy's software tools provide an off-the-shelf kit to scale crypto applications on leading blockchains, allowing crypto firms large and small to fast-track complicated and expensive tasks. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT. Backed by Stanford University, Coinbase, the Chairman of Google, Charles Schwab, and founders and executives of globally leading organizations, Alchemy powers billions of dollars of transactions for top companies around the world. The computer and internet fundamentally improved human life on planet earth. Alchemy is excited to help enable the global opportunity of blockchain - the next tectonic shift.
While the company made its name as a service for Ethereum users, Alchemy has expanded its offerings to other blockchains including Solana, Polygon, Arbitrum, Optimism, Flow, Astar, and StarkNet.
Alchemy provides a full suite of solutions such as Supernode, SDK, Notify, NFT API, Monitor, Transact, and enhanced APIs.
Alchemy Supernode is a blockchain API with all the functionality of a node, but with the reliability, scalability and speed needed to run world-class applications on the blockchain.
Alchemy Supernode is an infrastructure engine specifically designed for Web 3.0. The blockchain-native architecture delivers peak reliability by powering each piece of node functionality with dedicated, distributed infrastructure — the same kinds of systems used by Facebook and Amazon for achieving massive scale.
Alchemy Supernode ensures the data is always correct, real-time, and in sync across every corner of the system thanks to a proprietary coordinator service. This allows Alchemy Supernode to scale quickly, gracefully, and infinitely so developers never need to worry about maintaining infrastructure again. Like the rest of the Alchemy developer platform, it’s fast and simple to set up. No code, no configuration — it works out of the box.
Alchemy’s SDK is the most comprehensive tool available today to make the process of interfacing with the blockchain painless.
With only a single line of code, you can get information about the latest block, identify all transactions from a certain user, or find all the owners of an NFT collection.
On top of that, it will allow users to build using WebSockets, create and deploy smart contracts, and get access to Alchemy’s best-in-class infrastructure used by over 70% of the largest Dapps and Defi projects in the world.
Alchemy Notify lets users increase engagement through platform integrations while providing developers insights into the metrics their users prioritize.
Notify solves one of the most critical UX problems in blockchain: real-time notifications for transactions and events.
Blockchains natively lack the notification and design that users are accustomed to. Sourcing Web3.0 information to notify users and clients requires time and large allocations of human capital, and complicated processing and logistics make it impossible for developers to notify users of important events like dropped transactions.
Alchemy's NFT API gives developers the simple-to-use tools they need to build NFTs into any project, bringing one of the most powerful use cases in Web3 to everyone.
Alchemy’s Monitor is a comprehensive suite of dashboards and alerts for app health, performance, and user behavior.
Alchemy’s Transact is a suite of APIs and tools built to make your blockchain transactions faster, cheaper, and more reliable.
Alchemy’s Enhanced APIs provide a suite of web3 APIs that dramatically simplify and optimize common request patterns to make developers’ lives easier.
The company has adopted the “lean and mean” strategy by hiring only high-quality employees and avoiding excessive hiring thus being cost-efficient. Its ratio of valuation to the number of employees is “one of the smallest teams to impact ratios in history,” according to CEO Nikil Viswanathan.
According to TechCrunch, Alchemy is profitable and despite a crypto bear market, the past few months marked the fastest growth in company history with Alchemy tripling the number of customers building on its platform.
According to The Block Research, Alchemy increased revenue by ~600% in 2020, and since the start of 2022, Alchemy has seen the number of developer teams building on its platform increase 3x.
Alchemy offers tiered pricing alternatives: Free, Growth ($49), and Enterprise (Custom).
Alchemy's strategy revolves around putting developers first to attract new users and developers. Alchemy prioritizes developers and does not turn away companies on pricing. Instead, they opt for further discussions and work with the developers to see how their services can best be implemented. The growth tier provides flexibility to scale via their on-demand computing.
“We ran a variety of benchmarking tests for different blockchain infrastructures. The results were clear: Alchemy was more reliable and stable across every type of request. This translated to significant cost savings for us,” said Marc-Antoine Proulx, Manager of Operations at Zapper.
The company has received several prestigious awards and recognitions including: Business Insider’s “57 Most Promising Fintech Startups”, Forbes’ “Most Innovative Fintech Companies”, Business Insider’s “10 Most Promising Crypto Startups”, Forbes’ “Fintech 50 2021: The Newcomers”, and CB Insights’ “Fintech 250: 2021” .
In June 2022, Alchemy announced the expansion of its product offering to the Solana Blockchain. Now, with Alchemy’s support, it will be easier than ever for developers to get started on Solana and capitalize on the user demand for diverse Solana applications - from NFTs and games to Defi exchanges and wallets.
In June 2022, Alchemy announced the “Alchemy Grants Initiative”, which brings $25 million in grants to web3 developers and startups.
In August 2022, Alchemy announced a partnership with Polkadot parachain Astar Network, giving developers the necessary tools, products, and services to build the future of web3.
In August 2022, Alchemy announced its acquisition of ChainShot, which helps developers onboard web3 with its live and instructor-led Ethereum Developer Bootcamp.
In October 2022, Alchemy launched “Alchemy University,” a free-to-use resource for learning how to build in web3. The platform is built directly based on consumer requests for educational materials about web3 and contains comprehensive educational courses.
In November 2022, Alchemy announced “Spearmint,” which aims to make the NFT allowlist signup and management process easier for creators.. With Spearmint, creators can manage who can mint their NFT to drive stronger, more engaged communities, and avoid costly gas wars that alienate would-be collectors. Even better, since Spearmint has automated the entire process, users can start using it in less than 10 minutes.
In March 2023, Alchemy announced they now support Polygon zkEVM. At Alchemy, they have spent years building a battle-tested platform that’s the most reliable and scalable in web3. With elastic systems to scale based on demand, they’re the only platform built to seamlessly handle the request load that will be generated by Polygon zkEVM. Polygon believes Alchemy will shepherd in massive opportunity for the web3 community. "Polygon zkEVM will unlock unprecedented scalability in web3. A great way for developers to actualize these benefits is with Alchemy's infrastructure, that guarantees infinite scalability, with the highest reliability in the ecosystem." - Sandeep Nailwal, Polygon Co-Founder.
In April 2023, Alchemy ranked #4 in the infrastructure sector on Fortune's Crypto 40 list. The inaugural edition of the Fortune Crypto 40, a first-of-its-kind list that draws upon extensive research to recognize the best companies and organizations in the industry.
In April 2023, Google Cloud and Alchemy partnered to attract Web3 startups to the Google Cloud computing platform. Alchemy will provide members credits to the platform’s suite of services, mentorship, and priority access to its Web3 boot camp.
In June 2023, Alchemy announced a new suite of tools called AlchemyAI. Alchemy's goal for AlchemyAI is to harness AI technology to help web3 developers speed up their development, get data faster, and push the boundaries of AI’s potential to advance the web3 ecosystem.