Alchemy launches Chain Rankings based on developer usage

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.

• Ranks chains by developer usage rather than price or volume data
• Framed as "the first real view into the crypto ecosystem"