Share this article

Alchemy Adds Polygon Support for Faster Development on Ethereum's Leading Layer 2

This latest partnership is one of several in Alchemy’s ongoing quest to offer devs access to multiple networks.

Updated Sep 14, 2021, 1:22 p.m. Published Jul 7, 2021, 2:00 p.m.
Alchemy CEO Nikil Viswanathan
Alchemy CEO Nikil Viswanathan

Developers building on Polygon now have Alchemy’s toolkit at their disposal.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the The Protocol Newsletter today. See all newsletters

Alchemy, which has been described as the Amazon Web Services (AWS) of the blockchain world, is an infrastructure provider that helps developers build decentralized apps (dapps) on Ethereum and other networks.

Ethereum’s limited throughput and mercurial gas fees have prompted many developers and users alike to turn to layer 2 solutions like Polygon, which offers faster transactions and cheaper fees – 500 times cheaper in some cases, according to Alchemy Product Manager Mike Garland.

Polygon has attracted a number of leading projects in recent months, including decentralized finance (DeFi) platforms Aave, Kyber Network and others.

Read more: Alchemy Supports Another Ethereum Scaling Solution. This Time It’s Optimism

Alchemy is moving quickly to expand to multiple layer 2s: first Arbitrum in May, Optimism in June and now Polygon, its biggest partnership yet. The developer has also partnered with Dapper Labs’ Flow and Crypto.com’s Crypto.org as part of its greater plan to become multi-chain.

Alchemy’s Polygon tie-up is symbiotic, Garland said: Alchemy’s developers gain access to Polygon and teams building on Polygon gain access to Alchemy’s developer platform, along with its infrastructure and developer tools. It’s a combo meant to fuel ecosystem growth.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it

Deus X CEO Tim Grant (Deus X)

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."

What to know:

  • 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.