Alchemy offers a platform that simplifies the creation of blockchains and the launching of new nodes. It provides developers with “building blocks” that can be used to make the process more efficient. Alchemy is already working with multinational organizations like Meta, Adobe, and Splunk, and it has won many clients from their current top competitor, Infura.

The company has seen considerable growth and now serves over 10M end users. It became a deca unicorn after attracting impressive funding in 2022. It continues to refine its platform to gain competitive edge, recently launching a transaction simulation product to help reduce the chances of transactions becoming susceptible to scams.