Alchemy has released a tool for tracking the dynamics of applications on the blockchain

Alchemy, an infrastructure company specializing in blockchain, has launched a new product, Alchemy Monitor, which will help developers track the dynamics of their applications on the blockchain.

Alchemy reported that this tool will help blockchain developers easily access information related to user behavior and application performance. According to the company, Alchemy Monitor is already used by various cryptocurrency firms, such as 0x, MyEtherWallet, Lucid Sight and Zerion.

“Developers are used to these kinds of tools in the world of Web 2.0, but they have to cope with this task themselves in Web 3.0,” said Alchemy software development engineer Mike Garland.

According to him, there is no alternative for this product in the current market, “which is why it is so important for the success of the industry.” According to Alexey Bashlykov, technical Director of the FINTECH company Zerion, the alchemy product helped to better identify errors on the Zerion platform and provided “new information about the quality and performance” of the company’s products.

As Web 3.0 develops, more and more developer tools are available. Figure Networks recently launched Data Hub, a service that simplifies the development of Web 3.0 protocols, including Tezos, Cosmos, and Coda. It allows you to access the blockchain without running your own node.