ChainCatcher news, Web3 developer platform Alchemy has acquired blockchain data indexing platform Satsuma. As part of the deal, Satsuma will merge with Alchemy and operate as Alchemy Subgraphs, with specific terms of the transaction not disclosed.This acquisition occurs under the conditions of a bear market in the crypto space, but Alchemy's product manager Mike Garland stated that the deal is unrelated to the bear market environment. "Their team has built an outstanding product and quickly grown a passionate user base, reminding us of Alchemy's early days. Integrating Satsuma's team and technology into Alchemy is the obvious next step in continuing to address developers' biggest pain points."It is reported that Satsuma is Alchemy's second acquisition following the acquisition of the Web3 developer education platform ChainShot in August 2022.

ChainCatcher news, the Web3 data indexing platform Satsuma announced the completion of a $5 million seed round financing, led by Initialization Capital and Archetype, with participation from OpenSea, Y Combinator, Homebrew, South Park Commons, and others.It is reported that Satsuma was founded in March last year. The project uses The Graph's open-source technology to query and index on-chain data. Satsuma is not a decentralized protocol, but a business entity in a SaaS model. Satsuma can help developers gain deeper insights into on-chain data, making it easier to search and analyze on-chain data. (source link)