Alchemy’s Solana push
Alchemy announced a $20 million Solana Fund offering credits and tooling to developers, including credits up to $1,000, aimed at accelerating builder growth on the chain. The program is described as a growth push to support scaling teams and projects in the Solana ecosystem. (x.com) (x.com)
Alchemy said on April 9 it is putting a $20 million fund behind developers building on Solana, using infrastructure credits instead of cash grants. (alchemy.com) The program has three tiers: up to $250 for early teams, $500 to $1,000 for projects moving into production, and up to $25,000 for enterprise-scale evaluations. Alchemy said the credits apply to Solana usage on its platform and last 90 days from redemption. (alchemy.com) Alchemy framed the offer as a low-friction way to win teams already building on Solana or weighing a switch from another provider. The company said the program has no lock-in and no proprietary application programming interfaces, and it is also pitching one-click Solana access to customers already using Alchemy on Ethereum-compatible chains. (alchemy.com) The bet comes as Solana pitches itself less as a memecoin venue and more as a payments and trading network. Solana’s site says the chain processed more than $650 billion in stablecoin transactions in February 2026, while Alchemy cited roughly $15 billion in stablecoin market value on the network and nearly 2 million daily active wallets. (solana.com) (alchemy.com) Large payments companies have been testing that pitch for months. Visa said it added Solana for United States dollar coin settlement with banking partners, PayPal said its PayPal USD stablecoin is available on Solana, and Worldpay said merchants can settle some transactions with the U.S. Global Dollar on Solana. (corporate.visa.com) (developer.paypal.com) (worldpay.com) For Alchemy, the fund is also a customer-acquisition push in a crowded blockchain infrastructure market. The company is selling speed and reliability as much as credits, saying its Solana product offers 20 times faster archival access, twice the throughput, and 99.99% uptime. (alchemy.com) Alchemy said it will give priority access and 15% more credits to builders coming through groups including Solana Foundation Superteam and MonkeDAO’s Monke Foundry. That makes the program partly a distribution deal, using existing Solana communities to pull projects onto Alchemy’s stack. (alchemy.com) The immediate test is not whether Solana gets more attention, but whether developers keep their traffic on Alchemy after the credits expire. Alchemy’s offer is built to answer that with usage, one team and one application programming interface bill at a time. (alchemy.com)
