Alchemy acquires blockchain data indexing platform Satsuma

ChainCatcher news, Web3 developer platform Alchemy has acquired blockchain data indexing platform Satsuma. As part of the deal, Satsuma will merge with Alchemy and operate as Alchemy Subgraphs, with specific terms of the transaction not disclosed.

This acquisition occurs under the conditions of a bear market in the crypto space, but Alchemy's product manager Mike Garland stated that the deal is unrelated to the bear market environment. "Their team has built an outstanding product and quickly grown a passionate user base, reminding us of Alchemy's early days. Integrating Satsuma's team and technology into Alchemy is the obvious next step in continuing to address developers' biggest pain points."

It is reported that Satsuma is Alchemy's second acquisition following the acquisition of the Web3 developer education platform ChainShot in August 2022.