Blockchain infrastructure provider, Alchemy, has recently completed the acquisition of Satsuma, a subgraph platform.
Blockchain infrastructure provider, Alchemy, has recently completed the acquisition of Satsuma, a subgraph platform. The move aims to enhance Alchemy’s capabilities in the blockchain indexing space, particularly in optimizing data processing for Web3 applications.
Satsuma, founded in 2022 by Jonathan Kau and Dan Li, addressed the time-consuming task of blockchain indexing and querying extensive data sets essential for building Web3 applications. Their innovative solution, subgraphs, eliminates the need for developers to construct data pipelines from scratch, ultimately streamlining the development process.
Satsuma is a developer tool that makes it easy to build applications on top of real-time blockchain data. It lets developers take decoded data from multiple chains, customize it for their use cases, and access it through API endpoints.
Jonathan Kau, CEO of Satsuma, highlighted that subgraphs simplify the data pipeline creation for engineers, reducing the reliance on infrastructure management and minimizing code-writing efforts. This efficiency boost is estimated to make the development process up to ten times smoother.
The acquisition involves the integration of Satsuma’s subgraphs into Alchemy’s existing product suite, rebranded as Alchemy Subgraphs. This amalgamation leverages both The Graph’s open-source code and Alchemy’s proprietary code to offer developers a unique and powerful toolset.
Already, Satsuma’s subgraphs have proven invaluable to key clients. GMX, a decentralized exchange with significant total value locked, successfully utilized the technology to display complex data such as price trends over time. Similarly, Treasure, a crypto-enabled gaming ecosystem, utilized Satsuma subgraphs to enhance the in-game experience for players.
Operations at Satsuma will continue seamlessly within Alchemy Subgraphs, ensuring a smooth transition for existing clients. Jonathan Kau emphasized that their primary focus remains on enhancing the day-to-day experience for engineers, including time and cost savings, and improving end-user interactions by reducing data lag.
The acquisition of Satsuma aligns with Alchemy’s strategic vision to provide advanced infrastructure solutions for the evolving landscape of blockchain technology. The integration of subgraph technology is anticipated to have a transformative impact on the efficiency and effectiveness of Web3 application development.