Alchemy 2020 Year in Review

Alchemy 2020 Year in Review

Author: Alchemy Team

Reviewed by Brady Werkheiser

Published on December 31, 20206 min read
2020 Year Review
2020 Year Review

2020 was a wildly distinct year for everyone. From an outbreak of a worldwide pandemic, intense political division, and BTC and ETH hitting all time highs, it's clear that the world has dramatically changed. This evolution has set the stage for blockchain and cryptocurrencies to solve the intensified needs of platform decentralization and better monetary solutions for everyone around the world.

Over this last year, Alchemy has transformed into the world's most used blockchain developer platform largely from the tremendous work from all of our developers and supporters building applications on the Alchemy Platform. As a thank you for all your contributions we wanted to take a moment to highlight all the things we've accomplished together building out the blockchain ecosystem.

2020 by the numbers
2020 by the numbers

To start, we wanted to highlight a few of the major numbers from Alchemy in 2020.

On-chain transaction volume has skyrocketed from the DeFi boom, increased developer activity, and all-time high Ethereum prices.

$15.6 billion in on-chain transactions
$15.6 billion in on-chain transactions

There's no question that 2020 has been the year of DeFi. We expect even greater transaction volume in the years to come, and can already see that DeFi projects make up a large part of the ecosystem.

$11.7 DeFi value supported
$11.7 DeFi value supported

Money is interesting, but the 2020 number we're most proud of is the massive increase in active developers over the course of the year. The more developers we have building products, the more users will begin to use blockchain, which pushes the movement of decentralization and financial freedom forward.

955% increase in active teams
955% increase in active teams

Alchemy is used practically everywhere around the globe, and we're incredibly proud to see activity on a worldwide scale!

Global blockchain adoption
Global blockchain adoption

Over the course of a few months, we saw the industry shift drastically. These changes are a result of increasing interest in certain sectors like DeFi, Analytics, and Gaming + Media (but mostly DeFi).

banner depicting  the amount of percentage increase in active teams
Category wise Industry Breakdown, 2020
piechart depicting the share of various categories of services
DeFi capturing the majority of market share in 2020
Self serve launch
Self serve launch

By far the biggest thing that happened at Alchemy this year was our self-serve launch, opening our developer platform to any and all users around the world.

Now, developers can build, ship, and scale their decentralized products using the #1 blockchain developer platform with only a few clicks, rather than having to chat with our lovely sales team 😉 . This made it much easier for teams to sign up and start building.

stats for monthly active teams using Alchemy
Monthly Active Teams

Self serve also catapulted our new documentation and discord community which are both rapidly growing.

Product launches 2020
Product launches 2020

Alchemy launched a TON of products this year. In order to prevent this recap from becoming a book, we've put together a summary of the major product launches in 2020.

This is the essential engine powering 70% of the top Ethereum applications in the world, over 4 million users in 99% of countries worldwide, and over $15 billion in on chain transactions. It is the most robust infrastructure for blockchain applications in existence.

Alchemy Build consists of a suite of developer tools for prototyping, debugging, and shipping products faster. This includes unique features like our Mempool Visualizer, where you can see all of your pending, mined, and dropped transactions in one place.

Alchemy Monitor is a comprehensive suite of dashboards and alerts for app health, performance, and user behavior, giving you immediate insights with zero additional integrations.

One of the only tools that exist for web3 developers to provide real-time push notifications for their blockchain applications, paving a path for decentralized application users to finally get notifications on their activity. This includes notifications for mined and dropped transactions, address activity alerts, and gas prices.

One of the things we are most proud of at Alchemy is the amazing work being done by the talented teams that are using the platform to shape the blockchain industry. Alchemy Amplify aims to promote these products and launches whether they are just getting started or some of the most used products in the space.

The Public Composer enables anyone to send requests to the Ethereum blockchain straight from the browser, no account, set up, or code necessary.

Stay up to date on the health of our APIs (we maintain over 99% uptime).

This API gives you access to transaction history for any Ethereum address with one request. And yes, this does include archive data for FREE.

Lots of efforts were also made on the community side, binging together new developers and sharing Alchemy updates with the wider community.

Community platforms 2020
Community platforms 2020

A community of developers from beginners to experts where we discuss blockchain topics and help each other debug issues.

Stay up to date with our latest product releases and partnerships by checking our blog!

The best way to stay in the loop about all things Alchemy related, in addition to new developer tools, announcements and events, project spotlights, Alchemy by the numbers, and of course, crypto memes.

We'll periodically release product demo videos as well as event recordings on our YouTube channel, if you have a specific video request, reach out to us at [email protected]!

Built so users can earn rewards for sharing Alchemy with other developers or teams, gaining $50 for every referral that starts or upgrades to a paid tier.

Our badge program is for Alchemy users with public-facing products or websites, and not only looks super cool but can earn you $600/year just for having it up! Reach out to us at [email protected] if you're interested!

Alchemy certified infrastructure
Alchemy certified infrastructure

We expanded our team with seven new hires this past year, and are continuing to grow. If you're interested in making history at the top blockchain developer platform in the world join the Alchemy Fam!

Media mention of Alchemy
Media mention of Alchemy

CB Insights: Blockchain 50: The Innovators Using Blockchain & Crypto To Transform Industries

Forkast: How DeFi’s massive 8-fold growth brings scaling, gas fees challenges

The Block: Blockchain development platform Alchemy exits closed beta with official public launch

Yahoo: Blockchain development platform Alchemy exits closed beta with official public launch

Nasdaq: Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem

Bloomberg: Jay-Z, Charles Schwab-Backed Ethereum App Opens Doors to Public

Coindesk: Alchemy Goes Public With Developer Platform in Bid to Grow DeFi Ecosystem

Coindesk: Alchemy Launches Product to Help Developers Monitor Blockchain Apps

Bitcoin Exchange Guide: Blockchain Developer Platform Releases Alchemy Build, A Tool Suite for Faster Production

Decrypt: This Jay Z-backed startup is helping Ethereum developers build more

Cointelegraph: Alchemy Aims to Transform Blockchain Development with New Build Tools

Coindesk: Alchemy Notify Wants to Simplify Blockchain UX With a Single Push

Cointelegraph: Alchemy Pushes Real-Time Crypto Notifications to Your Device

Pod of Jake: Featuring Nikil is the co-founder and CEO of Alchemy

Epicenter Podcast: Alchemy – A Powerful Developer Platform and API for Ethereum Apps

Bitcoin.com: Joe Lao, co-founder and CTO of Alchemy discusses how Blockchain Technology will Benefit the World

Coindesk: Michael Garland featured at Coindesk's Eth Invest conference.

Docs & Learning Resources
Docs & Learning Resources

We constantly post new guides, tutorials, and spotlights to our docs and Medium, here are a few highlights from 2020:


All efforts at Alchemy over the past year were made to push forward our company mission: empowering the next generation of builders by making it easy for developers to build blockchain applications.

We are super grateful for all of our users and the incredible projects they work on every day using Alchemy's developer platform. You guys are the driving force behind our accomplishments, initiatives, and launches, and we are ecstatic to see the Alchemy community continue to grow.

Huge milestones were crossed in 2020 and we have even bigger things in store for 2021. It's only been a few weeks into the year and we've already announced our partnership with crypto.com, building out a state-of-the-art developer platform for their new chain.  

To stay in the loop about all things Alchemy related, be sure to follow us on Twitter and subscribe to our Newsletter. And of course, if you're looking to build the next generation of applications using the blockchain industry's #1 developer platform, sign up for a free account here.

- The Alchemy Fam


Alchemy provides the leading blockchain development platform powering millions of users for 99% of countries worldwide. Our mission is to provide developers with the fundamental building blocks they need to create the future of technology, and lower the barrier to entry for developers to build blockchain applications. Alchemy currently powers 70% of the top Ethereum applications and over $15 billion in on-chain transactions, and have been featured on TechCrunchWiredBloomberg and numerous other media outlets. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT.

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