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To bring web3 to a billion people, we need to continue giving developers the tools to build experiences that create trust, joy and value for their customers.
Today, we are thrilled to make progress towards that mission with Alchemy Transact, a suite of products built to make every step of the transaction lifecycle easier and more effective. Start building with these products today:
Transaction volume is huge today. In Q3’22, more than 4M daily transactions were sent on Ethereum and Polygon. Average transaction value was more than $2,800.
Despite massive adoption, blockchain transactions remain fragile: 31% of transactions are dropped during peak network congestion. Failure states are unpredictable and opaque for users, creating frustrating, nerve-wracking experiences.
The transaction lifecycle can be broken down into four sequential stages.
We are thrilled to arm you with the entire suite of Alchemy Transact products. But today, we’re particularly excited about Reinforced Transactions. Here’s why.
A lot can happen in between deciding to send a transaction and transaction execution, and unreliable transactions can mean missed opportunity or unforeseen risk. Three examples of potential outcomes:
With zero code changes, Reinforced Transactions ensures that your transaction will be successfully executed on chain fast, so that you can effectively optimize your upside while mitigating any downside risk. Instead of sending your transaction to a single, randomly selected validator, our system will ensure that your transaction is repeatedly re-propagated until it’s successfully mined.
To test the functionality of Reinforced Transactions, we load tested on Goerli, sending thousands of transactions with the Reinforcement feature both on and off. We found that Reinforced Transactions:
“Alchemy Transact helps us remove significant bottlenecks between sending transactions from our platform and finalizing them on-chain. Having confidence that our transactions will be included in a block allow us to focus on more important problems and not have to worry about blockchain nodes.” - Ryan Laursen, Software Engineer, Stardust
Head to our docs to get started. Reinforced Transactions are available to all Growth and Enterprise teams, accessible via your app dashboard with zero code changes. Private Transactions and Notify are available to all Alchemy teams.
Sign up for an Alchemy account today.