Alchemy and Polygon Partner on DeFi, Plan to Spur Ethereum Dapp Development

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A tie-up between two significant Ethereum infrastructure providers could be a boon for the world of dapps. In the case of Alchemy, which recently raised $80 million and is highly profitable, the company aspires to be the decentralized web's equivalent of Amazon Web Services—a software package that lets crypto firms, including big exchanges and small startups, ramp up operations. It provides extra computing horsepower as well as tools to interact with the main Ethereum blockchain. As for Polygon, which was formerly known as Matic Network, the company is a so-called Layer 2 solution that sits atop Ethereum and processes transactions in a more efficient fashion. And in a significant recent development, Polygon began building tools that allow developers to let their applications work across different blockchains—meaning those applications don't need to remain siloed within Ethereum. Here is how a recent Decrypt feature explained it.source