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Alchemy has opened applications for a $1M credit program aimed at builders on Arc, offering up to $10K in credits per team. The program was announced jointly on X, with Arc's account confirming the partnership alongside Alchemy and inviting builders to apply.
Alchemy says it is the infrastructure behind Cash App's stablecoin payments, calling it evidence that mainstream adoption is already here. Cash App — which serves 59M+ users a month — runs 3.5M+ balance checks a day on Alchemy's Node RPC APIs and Webhooks, keeping every stablecoin balance and transfer continuously verifiable against public chain state.
Alchemy says it supports Kinexys by J.P. Morgan as JPM Coin (JPMD) — the bank's USD deposit token — expands to the Ethereum mainnet, giving institutional clients onchain cash on a second public blockchain. Alchemy framed the move as another signal that public blockchain rails are becoming institutional financial infrastructure, alongside earlier JPMorgan tokens MONY and JLTXX.
Alchemy says every chain it supports now has an AI agent attached for network monitoring. The company claims the rollout delivers 247 monitoring, 3.5x faster incident resolution, and frees up roughly 120 engineering hours per month that teams can redirect to product development.
Alchemy announced the move in a post on its X account, framing the agents as always-on infrastructure watchdogs across its supported chains. No pricing or rollout details beyond the headline numbers were given.
Alchemy is now live in Tokyo, with APAC traffic automatically routed to the closest region — no new endpoint or configuration required. Dedicated Clusters launched there this summer, and after demand blew past plan, Alchemy shipped Node RPC & WebSockets to everyone. The company reports up to 8x lower median latency, roughly 70ms faster requests, and up to 76% lower p95 latency for traffic originating from Japan, and its week-in-review recapped that the expansion means APAC-based teams are now serving traffic to users faster than ever.
Alchemy is the launch and primary RPC provider for Elysium, the testnet of Kinetiq's high-performance Layer 2 for the Hyperliquid ecosystem, built for high-frequency trading and market-making AMMs. Elysium confirmed on X that Alchemy's RPC and WebSockets are live on testnet now and ready for mainnet on day one; Alchemy officially announced the testnet launch, saying it is "proud to be their primary RPC provider." In its week-in-review, Alchemy reaffirmed it is the Day-1 primary infrastructure provider for both Elysium and Upbit's GIWA L2.
Alchemy is partnering with GIWA — the new Ethereum Layer 2 from Upbit (operated by Dunamu, one of the world's largest crypto exchanges) — and GIWA's testnet is now live with Alchemy-powered RPC and WebSockets plus developer tooling. Alchemy shared the news on X in a thread describing the infrastructure as industry-leading and developer-focused.
GIWA — short for Global Infrastructure for Web3 Access — is an OP Stack-based L2 introduced at the Upbit D Conference, designed for faster transactions while settling on Ethereum. The partnership gives GIWA builders Alchemy's infrastructure from the testnet stage, ahead of its mainnet rollout.
Alchemy co-founder and CEO Nikil Viswanathan introduced Chain Rankings, a new view of the crypto ecosystem that ranks chains by developer usage, which he calls "the only real metric." The announcement argues that token prices can be manipulated and onchain volumes faked, while developer usage reflects genuine activity — noting that despite the market dropping 30%+, ecosystem activity is up 5x in 2 years.
The launch was shared via Viswanathan's post on X and reposted by Alchemy's official account. Alchemy reposted the announcement on its X account.
Alchemy is partnering with AgentCard AI and Mastercard so AI agents get an identity, a wallet, and one-time-use Mastercard credentials to buy products online on their users' behalf, anywhere Mastercard is accepted. Users set spending limits and let the agent purchase autonomously, with the first agent provisionable in under a minute via AgentCard.
AgentCard has now rolled out a big upgrade: agents can use a user's actual Mastercard with spend controls and audibility. Alchemy co-founder and CEO Nikil Viswanathan announced the upgrade, noting the partnership with Mastercard and pointing to a WSJ piece — Alchemy reposted the announcement on its X account.
Alchemy announced it is supporting Astar Fi (@Astar_Fi) with "super fast and reliable" infrastructure, in a post on its X account. Astar Network echoed the news, noting that Astar Fi reads the chain through Alchemy — the data layer behind its net-worth tracking, covering positions held across protocols down to individual vaults.
Alchemy acquired Bware Labs, the company behind the Bware infrastructure provider, a deal expected to increase Alchemy's headcount by about 25% and push its presence into Europe.
Alchemy acquired Satsuma, a blockchain data indexing/subgraph platform, folding its services into a new 'Alchemy Subgraphs' product.
Alchemy made its first acquisition, purchasing ChainShot, an Ethereum/web3 developer education and coding-bootcamp platform, to onboard and train new web3 builders.
Alchemy closed a $200 million Series C1 round led by Lightspeed Venture Partners and Silver Lake, nearly tripling its valuation to $10.2 billion in about three months.
Alchemy raised a $250 million Series C led by Andreessen Horowitz (a16z), valuing the company at $3.5 billion and bringing total funding to $345 million.
Alchemy raised an $80 million Series B led by Coatue and Addition (Lee Fixel's fund), valuing the company at roughly $505 million and positioning it as the 'AWS for blockchain.'
On December 17, 2019, Alchemy debuted its blockchain infrastructure platform globally and closed a $15 million Series A led by Pantera Capital, with participation from Stanford University, Coinbase, Samsung, and others.
Stanford alumni and longtime friends Nikil Viswanathan (CEO) and Joe Lau (CTO) founded Alchemy in 2017 after their own frustration building a crypto analytics tool, pivoting to developer-first blockchain infrastructure.
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