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Web3 Developer Platform Alchemy Releases Transaction Simulation Product
The simulation will help reduce the chances of transactions becoming susceptible to scams.
Updated Jan 25, 2023, 10:17 p.m. Published Jan 25, 2023, 2:00 p.m.
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Alchemy, a Web3 developer platform firm, released a new “Transaction Simulation” product designed to make initiating and sending crypto transactions more user-friendly.
Users are often susceptible to scams because of a lack of understanding about where they are sending transactions. Chainalysis, a blockchain analysis firm, recently released a report that blockchain users in 2022 lost nearly $5 billion to scams. Alchemy says its simulation kit aims to build a sort of safety mechanism that lets users ensure their transaction data is correct and that the transaction is going to the right place.
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Developers will have “the tools to incorporate simulation in their products,” Bastien Moyroud, a product engineer at Alchemy, told CoinDesk. Moyroud added that the goal is “to empower users to have more visibility in terms of what's happening.”
The new product features three new APIs: “Asset Changes,” “Execution Simulation” and “Bundle Simulation.” They’re available on the Ethereum, Polygon and Arbitrum blockchains. (The first two APIs are available already, and the third will go live next week.)
How does it work?
With the first API, the simulator is able to tell with a transaction what is going in and out of the user's wallet, offering an extra sense of security.
The second API gives developers a readout on certain data based on the execution simulation.
The third API allows developers to bundle transactions and allow them to execute them sequentially (so one transaction will move automatically after the other).
Read more: Alchemy Supports Another Ethereum Scaling Solution. This Time It’s Optimism
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it
The Deus X CEO discussed his journey into digital assets, the company's infrastructure-led growth strategy, and why his Consensus Hong Kong panel promises "real talk only."
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- Tim Grant entered crypto in 2015 after early exposure to Ripple and Coinbase, drawn by blockchain’s ability to improve traditional finance rather than replace it.
- Deus X combines investing and operating to build regulated digital finance infrastructure across payments, prime services, and institutional DeFi.
- Grant will be speaking at Consensus Hong Kong in February.
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