Alchemy vs Quicknode which is best?

Alchemy's blockchain development platform stands out by offering RPC nodes that deliver more precise and dependable blockchain data, alongside a broader array of web3 tools and APIs when compared to Quicknode.

For companies venturing into web3 product creation, there are primarily two paths to consider:‍

• Managing web3 infrastructure in-house
• Partnering with a web3 infrastructure service provider‍

Given the substantial maintenance, operational, and potential cost implications of running nodes independently, a significant number of companies opt for the expertise of web3 infrastructure services.‍

In choosing a web3 infrastructure provider, it's crucial to evaluate them based on several performance indicators, including latency, accuracy, and dependability.‍

This comparison aims to guide you in selecting the most suitable provider by juxtaposing Alchemy and Quicknode, two frontrunners in the web3 developer platform space, across ‍

What Is Alchemy?

Founded in 2017 by Stanford University alumni Nikil Viswanathan and Joe Lau, Alchemy has quickly ascended to a leading position in the web3 space. Its pioneering Supernode technology facilitates seamless interactions with public blockchains by integrating multiple distributed systems into a single endpoint. This innovation supports the infrastructure needs of major web3 applications, including OpenSea, Trust Wallet, and Hop. Valued at over $10 billion in its Series C funding round, Alchemy's San Francisco-based operation is at the forefront of blockchain technology.

What Is Quicknode?

Quicknode, also established in 2017 by founders Alex Nabutovsky, Dmitry Shklovsky, Manuel Kreutz, and Auston Bunsen, has made significant strides in the blockchain development platform arena. Following a $60 million Series B funding round in January 2023, Quicknode achieved an $800 million valuation. The platform supports a multichain infrastructure, offering developers a streamlined and efficient way to build and scale dapps 

Node Latency Explained

Understanding blockchain latency is crucial for web3 developers, particularly in terms of block discovery latency and request latency. Block discovery latency refers to the time it takes for a node provider to identify the addition of a new block to the blockchain. Request latency, on the other hand, measures the duration from when a blockchain request is made to when a response is received.

Latency Test Findings

In a detailed latency analysis conducted in the second week of August 2022, we compared the performance of Alchemy and Quicknode by initiating eth_blockNumber requests on the Ethereum mainnet. This test, which involved around 250 queries at 15-minute intervals for both providers, aimed to assess their efficiency in real-time operations.

The aggregated results revealed that Alchemy had an average request latency of 39.2 milliseconds, while Quicknode boasted a faster average of 26.3 milliseconds for the US East region over the tested period. This indicates that Quicknode's request latency was 49% lower than Alchemy's. The higher latency observed with Alchemy could be attributed to its advanced secondary infrastructure, designed to enhance data accuracy for web3 developers. Besides the US-East, Quicknode also operates nodes in regions including the US-West, UK, Europe, India, Singapore, and Sydney, offering a broad geographic coverage.

Data Accuracy Insights

The accuracy of blockchain data is paramount, as it ensures that requests return consistent and correct information. Discrepancies in data accuracy can lead to various issues, such as inconsistent responses, incorrect transaction nonces, and a subpar user experience, especially when tokens and NFTs are displayed inaccurately.

Accuracy Testing Methodology

To evaluate data accuracy, we employed a web3 data accuracy benchmarking tool, comparing the performance of Quicknode's and Alchemy's Ethereum Mainnet nodes over a 24-hour period. This test focused on identifying any incorrect responses through repeated eth_blockNumber calls.

The comparison yielded that Quicknode encountered 712 instances of inaccurate block numbers out of over 1 million queries, whereas Alchemy reported zero inaccuracies. Although the error rate for Quicknode was relatively low (0.07%), it still translates to a significant number of potential inaccuracies daily, which could mislead users or dapp functionalities. This highlights a critical trade-off between Quicknode's lower latency and the risk of delivering potentially incorrect data.‍

Node Reliability Comparison

Node reliability, or uptime, is a critical factor for ensuring that applications remain accessible to users around the clock. Both Alchemy and Quicknode have demonstrated high levels of reliability, as evidenced by their performance records.

Reliability Performance

An examination of the reliability status for the Polygon Mainnet from January 2022 to July 2022 showed both providers consistently achieving high uptime, with Alchemy showing a slight edge in certain months. Alchemy's Supernode technology guarantees redundancy, ensuring that applications remain operational even in the face of partial system failures. This approach mirrors the resilience seen in the infrastructure of tech giants like Facebook and Amazon.

Quicknode, leveraging a network of over five different bare-metal server providers, effectively minimizes the risk of a single point of failure. This strategy is reinforced by Service Level Agreements (SLAs), ensuring dependable uptime guarantees.

In summary, when choosing between Alchemy and Quicknode, developers must weigh the importance of request latency, data accuracy, and node reliability according to their specific application needs. Both providers offer compelling advantages, but the choice ultimately depends on which aspects are most critical for the success of your dapp.

Enhanced APIs and SDKs: Simplifying Dapp Development

Alchemy and Quicknode both offer a range of APIs and SDKs designed to make building dapps easier and more efficient. These tools allow developers to add complex functionalities to their applications without having to write intricate code from scratch, speeding up the development process.

What Alchemy Offers

Alchemy provides a unique set of APIs and tools that are not available on Quicknode. These include:

• Gas Manager API and Bundler API: These APIs help manage transaction costs more efficiently.
• Reinforced Transactions: Enhances the reliability of transactions.
• Transaction Simulations: Allows developers to test transactions without actually executing them on the blockchain.

Alchemy's toolkit extends to a comprehensive NFT API, supporting a wide array of functions on various blockchains like Ethereum, Polygon, and others. Noteworthy features exclusive to Alchemy include:

• Tracking NFT ownership and metadata.
• Identifying spam contracts.
• Calculating NFT floor prices and rarity.
• Summarizing NFT attributes.

Quicknode's Offerings

Quicknode also provides an NFT API, albeit with a narrower focus. It includes basic functionalities such as retrieving NFTs, checking collection holdings, and accessing contract metadata. Quicknode differentiates itself by offering a method exclusive to Solana through its acquisition of Icy Tools, enhancing its NFT API capabilities.

Alchemy's Web3 SDK

Alchemy has launched a new Web3 SDK, a toolkit that simplifies the integration of both standard and enhanced API functionalities into your dapp. This SDK allows for easy access to a wide range of data, including NFT information, token balances, and transaction histories, with minimal coding required.

User Experience Comparison: Alchemy vs. Quicknode

When selecting a blockchain node provider like Alchemy or Quicknode, the developer experience is crucial. Both platforms offer a range of features aimed at enhancing user experience (UX), but they differ in specific areas such as documentation, tooling, and educational resources. Here's a closer look at these aspects:

User Interface and Product Design

• Alchemy: Features a modern user interface that emphasizes simplicity and ease of navigation. The platform is designed to be intuitive, catering to both novice and experienced developers.
• Quicknode: Also boasts a sleek and user-friendly interface, with a focus on streamlining the development process for users of all skill levels.

Onboarding and Documentation

• Alchemy:
• Onboarding Flow: Streamlined to get developers up and running quickly.
• Documentation: Recently updated for better usability, faster page loads, and integration with the OpenAPI specification.
• Quicknode:
• Onboarding Flow: Simplified to facilitate easy start-up for new users.
• Documentation: Comprehensive, designed to address a wide range of user queries and issues.

Community and Educational Resources

• Alchemy:
• Offers extensive educational content, including tutorials, guides, and a Discord channel for community support.
• Quicknode:
• Provides a wealth of learning materials, tutorials, and access to a community Discord for peer support.

Customer Support: Alchemy vs. Quicknode

Customer support varies between Alchemy and Quicknode, depending on the subscription tier. Here's how they stack up:

Pricing And Plans: Alchemy Vs. Quicknode

Pricing is a critical factor in choosing a node provider. Both Alchemy and Quicknode offer tiered pricing plans to accommodate different needs and budgets.

Alchemy Pricing Tiers

• Free Tier: $0/month
• 300 million compute units/month
• 330 compute units per second (CUPS)
• Access to all developer tools, enhanced APIs, SDKs, full archive data, multichain mainnets, and testnets
• No daily request limits
• Support for up to 5 apps
• 24/7 Discord Support

Quicknode Pricing Tiers

• Discover (Free Tier): $0/month
• 10 million API Credits/month
• 25 requests/sec
• 1 endpoint, single region
• Community support
• NFT API

Which Platform Offers the Best Free Tier?

Comparing the free tiers of Alchemy and Quicknode reveals that Alchemy provides more resources and support options, making it potentially more attractive for developers looking for extensive access and support without any cost. However, Quicknode's offer is also competitive, especially for projects with lower resource requirements and those specifically looking for NFT API support. The choice between Alchemy and Quicknode will ultimately depend on the specific needs, preferences, and priorities of the developer or development team.