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Alchemy Platform's Price Reductions Signal Steadfastness in Crypto Winter

Sep 14, 2023 at 11:18 am

In response to the prevailing Crypto Winter, Alchemy, a prominent blockchain infrastructure platform facilitating application development, has introduced a novel payment structure named the "Alchemy Scale Tier." This innovative approach offers developers greater flexibility and affordability, acknowledging the challenges posed by the current market conditions. Despite the recent surge in cryptocurrencies like bitcoin (BTC) and ether (ETH), they still remain significantly below their previous peaks.

The "Alchemy Scale Tier" plan arrives at a time of industry-wide retrenchment, with budgetary constraints impacting developers seeking to advance blockchain applications. It presents developers with two distinct options, allowing them to determine their financial and computational commitments to the platform.

For developer teams prioritizing affordability, the choice between yearly or monthly scaling is available, offering varying price points. Additionally, they have the flexibility to augment their computational resources based on the chosen plan.

Alchemy asserts that this new plan offers substantial cost savings, ranging from 31% to 85% in fees when compared to their widely-used Growth Tier plan.

Monica Garde, a product manager at Alchemy, explained, "We recognized a gap for teams that were surpassing their growth plan but required a more economical alternative. Our aim was to ensure we could provide a solution tailored to their needs at this level."

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