Solana Surges 3.379% as Alchemy Acquires DexterLab for Multichain Support

Solana's latest price was $171.55, up 3.379% in the last 24 hours. This surge in usage has fueled enterprise interest, especially for applications in gaming, DeFi, and real-time trading—areas where Solana’s parallel processing and low fees shine. However, developers often face fragmentation when building across chains. Alchemy aims to simplify multichain development by integrating Solana tooling within its existing Ethereum-first platform. This acquisition underscores Alchemy's strategic move to support Solana's growth and meet the increasing demand for high-performance infrastructure solutions.

Alchemy, a leading Web3 developer platform, has acquired DexterLab, a prominent name in Solana infrastructure. This acquisition is a significant move for Alchemy, which has traditionally focused on Ethereum-based applications. The purchase of DexterLab signals Alchemy's commitment to expanding its infrastructure offerings for Solana developers and enterprises. DexterLab's ultra-fast Solana data services are used by major clients such as Google and the Solana Foundation, handling over 1TB of data daily. This acquisition comes at a time when Solana is experiencing phenomenal growth, with 4.75 billion transactions compared to Ethereum's 1 billion in recent months, highlighting the increasing demand for high-performance infrastructure solutions.

Alchemy, often referred to as the “AWS of Web3,” has long dominated the Ethereum development stack with its powerful suite of APIs, SDKs, and validator tools. However, with Solana's rapid growth in on-chain activity and user engagement, Alchemy is now shifting its focus. The acquisition of DexterLab allows Alchemy to provide unified infrastructure across Ethereum and Solana, lowering the barrier for multichain deployment. Developers can expect seamless access to Solana RPCs and data endpoints, improved developer support, and cross-chain SDKs and dashboards for streamlined dApp monitoring. This move positions Alchemy to meet the enterprise-grade demands of Solana's rapidly expanding ecosystem.

DexterLab offers tools specifically designed to tackle Solana's complex and massive data output. The Solana Virtual Machine (SVM) ecosystem produces over 1 terabyte of data every day—a volume that strains traditional RPC providers. DexterLab provides ultra-low latency archival RPCs, backfillers for historical data, real-time data streams, and SVM-focused APIs. These tools enable high-performance analytics, trading bots, and data-intensive DeFi and NFT applications to operate without bottlenecks. By acquiring DexterLab, Alchemy gains this infrastructure instantly, avoiding years of internal development and onboarding proven talent.

MetaMask, a popular cryptocurrency wallet, is set to launch native support for Solana in May. This integration will allow MetaMask users to interact with Solana-based decentralized applications (dApps) directly from their wallets, enhancing the user experience and expanding the reach of Solana's ecosystem. The addition of Solana support to MetaMask is a significant development for the Solana community, as it will make it easier for users to access and engage with Solana-based projects. This move is expected to drive further adoption and growth for Solana, as more users gain access to its high-speed and low-cost blockchain infrastructure.