Alchemy teams up with Astar Network to power Web3 dApps on Polkadot
Blockchain developer platform Alchemy is joining forces with innovation hub Astar Network to supercharge Polkadot development.
This alliance will make it easier for developers to create dApps on Astar Network, a multi-chain smart contract platform on the Polkadot hub, and unleash a wave of web3 creativity. Additinally, developers can use Alchemy’s APIs to create sophisticated apps that leverage features previously unavailable on Polkadot.
The collaboration will also leverage web3 API Alchemy Supernode to provide better monitoring and analytics. Alchemy Supernode scales every piece of node functionality with dedicated distributed systems, and maintains real-time data correctness with a proprietary coordinator service.
Apps that run directly on nodes suffer high latency and downtime because nodes are general-purpose and not designed to be highly available. As such, Astar is serving as the parachain that connects Polkadot to all major Level 1 blockchains.
The collaboration with Alchemy will also incorporate Astar’s #Build2Earn offering. Astar Network is the only Polkadot parachain that enables token holders to stake tokens on their favorite dApp, meaning web3 developers can earn a basic income through staking rewards.
“Supporting the developer ecosystem is one of Astar’s core values and our collaboration with Alchemy will help bring even more incentives and innovation to the community,” said Sota Watanabe, founder and CEO of Astar Network. “Our collaboration will provide the resources needed to grow the builder community in web3 on Astar, Polkadot and beyond.”
“Alchemy infrastructure makes it easier for developers to build any dApp with infinite scalability, accuracy and reliability,” said Rob Boyle, Head of Product at Alchemy. “We’re thrilled to combine forces with Astar to foster an era of better web3 building that will power the decentralized applications of tomorrow.”
Polygon has been, by far, the most preferred scaling solution, and the number of applications being built on the network has doubled every month over the past few months. This is especially true for applications based on DeFi and NFT and the reason for that is due to the general spike in interest in these fields and also because the lower gas fees on Polygon has attracted the developers as well as the users to build on the network.
The increased usage of Polygon has helped to cool down the gas fees on Ethereum to some extent. Currently, over 3000 dApps have been built on Polygon when compared to only 30 at the same time last year. The Web3 Foundation also revealed that its grants program has supported over 400 projects. Of these, 181 teams have completed at least one project and 300 have successfully delivered their first milestone.