Odaily Planet Daily News Web3 developer platform Alchemy acquired blockchain data indexing platform Satsuma. As part of the transaction, Satsuma will merge with Alchemy and operate as Alchemy Subgraphs. The terms of the transaction were not disclosed.
Mike Garland, product manager at Alchemy, said the deal had nothing to do with a bear market environment. “Their team has built a great product and quickly grown an avid user base that reminds us of when Alchemy started. Integrating Satsuma’s team and technology into Alchemy is an obvious way to continue solving developers’ biggest pain points Next step."
Satsuma is Alchemy’s second acquisition, following the acquisition of Web3 developer education platform ChainShot in August 2022. (The Block)