Alchemy vs Covalent

How Alchemy vs Covalent compare on our ratings, infrastructure provider specs, funding, pros and cons.

Alchemy4.3/5
VS
Feature
Ratings
Our score4.3/54.1/5
User ratingNo reviews yetNo reviews yet
Reliability4.54.5
Chain coverage4.55.0
Pricing4.03.0
Developer experience4.54.5
Support4.03.5
Specs
ServicesRPC / nodes, Data APIs, Wallet APIs, Account abstraction, Developer toolingIndexing, Data APIs, Developer tooling
Chains supported100100
Free tier YesNot disclosed
Pricing from$0.525 per 1,000,000 compute unitsNot disclosed
Enterprise SLA Yes Yes
Open sourceNot disclosed Yes
TokenNot disclosedCXT
Uptime SLA99.99%99.99%
Free tier limits30M compute units per month, up to 15 RPS, 5 apps, 5 webhooksNot disclosed
Company
Founded20172018
HeadquartersUnited StatesCanada
InvestorsArchetype1kx, Coinbase Ventures, Delphi Digital, YZi Labs
Strengths and weaknesses
Pros
  • 100+ supported blockchains
  • Free tier includes 30M compute units monthly
  • Enterprise SLAs reach 99.995% availability
  • RPC, indexed data and wallet APIs share one platform
  • Standardized data schema across more than 100 supported blockchains
  • Under 200ms API response latency with historical data from genesis
  • Dual auditing history with evaluations from Quantstamp, Sherlock, and Hacken
  • Native token CXT is over 89% circulating with 278M+ tokens staked
Cons
  • Applications face centralised provider and outage exposure
  • Proprietary APIs can increase vendor lock-in
  • Pay As You Go charges scale with compute usage
  • Automated agent wallets add transaction-control risk
  • Network security relies on a small set of 23 active operators
  • Past native token migration required swapping CQT to CXT
  • Hosted API endpoints introduce centralized external infrastructure dependencies
Best forMultichain application teams, Solana developers, Account-abstraction productsMultichain wallet developers, Onchain analytics and tax platforms, Autonomous AI agent builders

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons