Proof of Usefulness Report

Alchemy

Analysis completed on 2/7/2026

+645
Proof of Usefulness Score
Category Standard

Alchemy is a Tier-1 infrastructure provider in the blockchain space, widely recognized as the 'AWS for Web3' with a valuation exceeding $10B and powering major platforms like OpenSea and Aave. Despite a low-quality submission (incorrect revenue figures, vague audience claims, and missing fields), the verifiable real-world utility, massive market reach, and technical dominance of the project sustain a high score. The score is capped only by the poor quality of the specific submission entry.

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Score Breakdown

Real World Utility+184
Audience Reach Impact+124
Technical Innovation+83
Evidence Of Traction+184
Market Timing Relevance+50
Functional Completeness+1
Subtotal+626
Usefulness Multiplierx1.03
Final Score+645

Project Details

Project URL
alchemy.com
Description
Alchemy is a developer platform that empowers companies to build scalable and reliable decentralized applications without the hassle of managing blockchain infrastructure in-house. It is currently faster, more reliable, and more scalable than any other existing solution, and is incredibly easy to integrate! Many top projects in the space, including OpenSea, Circle, Aave, EigenLayer, LayerZero, Zerion, Lido, etc rely on Alchemy to support their core infrastructure needs. The team consists of top engineers (from Stanford, MIT, Google, Facebook, Microsoft, and many more startups) with decades of industry experience in big data and scalable infrastructure and is backed by A-list investors (Charles Schwab, Coinbase, founders of LinkedIn and Paypal, Chairman of Google, etc) We're currently hiring across multiple roles in engineering and go to market. If this sounds interesting, say hi!

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline