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Chainstack

chainstack.com ↗

Chainstack runs multi-chain node infrastructure so apps can read and write to blockchains via API.

Protection under test
Assessed 21 July 2026 · Evidence as of 21 July 2026
Something worth protecting exists and is being tested right now.
On the recordSince 21 July 2026 · Checkable from Dec 15, 2026 · Every call on the record Checkpoint: Google Cloud Blockchain Node Engine shutdown deadline, refugee accounts up for grabs
The call

Chainstack keeps real customers like Trust Wallet on thin margins in a commodity market, with no new capital in over two years to fight bigger rivals.

Chainstack provides the plumbing that apps use to talk to blockchains (10 billion requests per day, almost never down). The problem is that Alchemy, QuickNode, and Infura do the same thing, have more money, and can undercut the price. Chainstack has not raised fresh funding in over two years and has not grown its team since late 2023, which means it either needs a big new investor or a shift in what customers value (like companies wanting to run their own servers instead of renting Chainstack's).

Why
01
AI pressure: None apparent. AI agents needing on-chain data could become new RPC customers, not replacements, since someone still has to run the nodes. Could AI do the core job? Only partly.
02
Bigger players: Alchemy, QuickNode, Infura, and Google Cloud's Blockchain Node Engine. Bigger-funded rivals undercut on price for the same commodity RPC calls, and Google's Node Engine shutdown on Dec 15, 2026 sends refugee accounts mostly toward QuickNode. Could a giant copy it? Yes, easily.
03
What protects it. Sticky integrations with anchor apps like Trust Wallet and Brave Wallet that would need real engineering work to rip out.
What would change this call
Chainstack announces a new priced funding round by end of 2026. Shows investors still back its growth story despite a 26-month funding gap.
Public reports on where Google Blockchain Node Engine customers migrate after Dec 15, 2026 deadline. Reveals whether Chainstack or QuickNode captures the bulk of refugee accounts.
Trust Wallet, Brave Wallet, or Ronin switch RPC providers. Would confirm anchor customer loss to a rival like Alchemy or QuickNode.
Key numbers
  • ~$6M total capital raised since 2018 (May 2026)
  • Last priced round 26 months stale (June 2026)
  • Headcount flat near 57, down from peak 64 (Oct 2023 peak)
Named risks
  • Funding round is roughly 26 months stale with no new capital reported as of June 2026. Severity: high
  • Flat headcount trend, 57 employees June 2026 down from peak 64 in October 2023. Severity: medium
  • Market-wide commoditization and price compression among RPC providers erodes margins. Severity: high
  • Google's node migration wave largely flowing to QuickNode rather than Chainstack. Severity: medium
  • Revenue figures are unaudited third-party estimates ranging $5.7M to $11.2M, indicating limited financial transparency. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
Alchemylosing toAlchemy has raised hundreds of millions versus Chainstack's roughly $6M total, per CB Insights May 19 2026
QuickNodelosing toGoogle reportedly steers most Blockchain Node Engine refugees to QuickNode ahead of Dec 15 2026 shutdown
Google Cloud (Blockchain Node Engine)contestingChainstack runs active migration campaign targeting Google's shutdown deadline of Dec 15 2026
InfuracontestingNamed as direct RPC peer competing on same multi-chain infrastructure category, per alchemy.com May 2026
Ankr, dRPC, GetBlockcontestingListed among closest direct peers in multi-chain node infrastructure space as of May 2026
Questions people ask
Is Chainstack profitable?
No audited figures are public. Third party estimates range from $5.7M (Datanyze) to $11.2M annual revenue (Growjo, circa 2022, then 77 employees). Chainstack has raised only about $6M total to date, last funded May 2024, so thin margins and unproven profitability are likely given commoditizing RPC pricing.
Could AI replace Chainstack's product?
Not directly, since physical node hosting cannot be run by a model, but AI copilots could erode the managed-ops value Chainstack sells. Chainstack has responded by adding MCP integration (Claude, Cursor, Codex, Gemini, Windsurf) so AI agents query its nodes directly, as marketed on chainstack.com as of November 2025.
Who is Chainstack's biggest competitor?
Chainstack competes against Alchemy, Infura, QuickNode, Ankr, dRPC, GetBlock, Blockdaemon and Tatum in multi-chain RPC infrastructure, per alchemy.com's May 2026 provider roundup. Alchemy is the most capitalized, having raised hundreds of millions versus Chainstack's roughly $6M total, per CB Insights data dated May 19, 2026.
Who owns Chainstack?
Chainstack is privately held and venture-backed, headquartered in Singapore (Chainstack Pte. Ltd.), with CEO Jan-Jaap Jager and CTO/co-founder Eugene Aseev, per Yahoo Finance's May 15, 2024 report on its strategic investment round.
How much funding has Chainstack raised?
Chainstack has raised roughly $6M to $6.06M total, per CB Insights data dated May 19, 2026, starting with a $1.3M seed closed January 24, 2019, and most recently a strategic investment announced May 15, 2024 from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures.
What happens to Chainstack when Google shuts down its Blockchain Node Engine?
Google's Blockchain Node Engine shuts down December 15, 2026, creating a migration wave that Chainstack is actively courting via a dedicated migration page, though Google is reportedly steering most refugee customers toward QuickNode instead, per chainstack.com dated June 23, 2026.
Timeline
  • 2026-06-25Chainstack partners with bare-metal host HOSTKEY to pre-install Self-Hosted across NL, UK, Germany, Finland, Iceland, Turkey, US
  • 2026-06-23Chainstack markets migration path for Google Blockchain Node Engine customers ahead of Dec 15 2026 shutdown
  • 2026-05-04Chainstack launches Chainstack Self-Hosted, a Kubernetes-native control plane for customer-owned infrastructure
  • 2025-11-03Chainstack site states support for 70+ chains, 10B+ daily API calls, 99.99%+ uptime across 10+ data centers
  • 2025-01-21Chainstack publishes case study on Trust Wallet reporting up to 400% ROI via custom gateway
  • 2024-09-17Chainstack publishes post on strategic investment to scale Web3 infrastructure
  • 2024-05-15Chainstack announces strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, Ventech Ventures
  • 2023-10Chainstack headcount peaks at 64 employees per Crustdata tracking
  • 2019-01-24Chainstack closes $1.3M seed round
  • 2018-04-20Chainstack founding activity recorded, per PitchBook
Revision history
21 July 2026
First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.
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