The dynamic Web3 improvement house is house to quite a few Web3 API suppliers, which convey their distinctive strengths and weaknesses to the desk. With this abundance of API choices, you may discover it difficult to find out which APIs finest fit your improvement wants. And whereas it would look like most suppliers supply comparable merchandise, evaluating totally different Web3 APIs can typically be like evaluating apples to oranges.
So, out of all Web3 API suppliers, which is the best choice? To seek out out, comply with alongside on this information as we conduct a comparative evaluation of the Web3 business’s main API suppliers: Moralis, Alchemy, and QuickNode. As we transfer ahead, we’ll rigorously analyze these three suppliers from an accessibility, efficiency, and value perspective.
All through this information, you’ll shortly uncover that Moralis offers the business’s most complete Web3 APIs. Consequently, Moralis facilitates the business’s most accessible and simple developer expertise. So, in the event you instantly wish to begin utilizing Moralis’ top-tier Web3 APIs, click on the button under!
To be taught extra about why Moralis outperforms the competitors, be a part of us under as we dive straight into our comparability of Web3 API suppliers!
Evaluating Web3 APIs: Moralis vs. Alchemy vs. QuickNode
To spotlight the similarities and, extra importantly, variations between Moralis, Alchemy, and QuickNode, we used every supplier’s respective Web3 APIs to question the mandatory knowledge for constructing a portfolio view of Vitalik Buterin’s ERC-20 tokens. On this case, a portfolio view contains the title, brand, stability, and value of all property within the pockets.
We opted for Vitalik’s pockets on account of its dimension and the in depth quantity of tokens it holds. This makes it the proper candidate for testing the supply of spam classifications and metadata for giant token units. This strategy additionally allowed us to systematically assess and examine the accessibility, effectivity, and cost-effectiveness of Moralis, Alchemy, and QuickNode when fetching the identical on-chain assets.
You’ll discover the outcomes of our exams summarized within the two charts under:
By analyzing the charts above, you’ll discover that constructing a portfolio view of Vitalik’s ERC-20 tokens with Moralis calls for considerably fewer API calls and is extra cost-efficient than using each Alchemy and QuickNode.
With solely 18 calls at a complete value of $0.000882, we had been in a position to fetch the stability, metadata, and value of Vitalik’s ERC-20 tokens. Compared, the identical activity required 4963 calls at a complete value of $0.0049189 with Alchemy. And 4760 calls at a complete value of $0.0163091 with QuickNode.
Right here’s the information damaged down right into a desk:
Why Does Moralis Outperform the Competitors?
All Web3 APIs from Moralis are outcome-oriented and designed to reduce the variety of calls it’s essential to question blockchain knowledge. We enrich all our API responses with transaction decodings, metadata, handle labels, market knowledge, and way more from a number of sources.
To exemplify, when utilizing Moralis’ Token API and the token stability endpoint, you get the ERC-20 balances of a pockets – together with metadata and costs for every token – in a single response. This implies you solely must name one endpoint and use one supplier, simplifying your improvement endeavors considerably.
Compared, when utilizing suppliers like Alchemy and QuickNode, you have to first fetch the token balances from the pockets. From there, it’s essential to make particular person calls to question the metadata for every token individually. Furthermore, Alchemy and QuickNode’s API responses don’t embody token costs, which means you have to additionally contain a third-party supplier like CoinGecko or CoinMarketCap to get this knowledge.
Because of this we solely wanted 18 calls to construct a portfolio view of Vitalik’s ERC-20s when working with Moralis. In the meantime, the identical activity demanded hundreds of calls and a number of suppliers when utilizing Alchemy or QuickNode.
To interrupt this down and make clear it additional, let’s study intimately the endpoints and responses from every supplier we utilized to render the portfolio view of Vitalik’s ERC-20 tokens.
Moralis – Endpoint Overview
With Moralis’ complete APIs, we solely want the Token Steadiness endpoint to fetch the token balances – together with metadata and costs – of any handle:
GET https://deep-index.moralis.io/api/v2.2/wallets/0xd8da6bf26964af9d7eed9e03e53415d37aa96045/tokens?chain=eth
Right here’s an instance of what the response would appear like:
{
“cursor”: null,
“web page”: 0,
“page_size”: 100,
“end result”: [
{
“token_address”: “0xdac17f958d2ee523a2206206994597c13d831ec7”,
“symbol”: “USDT”,
“name”: “Tether USD”,
“logo”: “https://cdn.moralis.io/eth/0xdac17f958d2ee523a2206206994597c13d831ec7.png”,
“thumbnail”: “https://cdn.moralis.io/eth/0xdac17f958d2ee523a2206206994597c13d831ec7_thumb.png”,
“decimals”: 6,
“balance”: “517438540”,
“possible_spam”: false,
“verified_contract”: true,
“balance_formatted”: “517.43854”,
“usd_price”: 1.0006571224951815,
“usd_price_24hr_percent_change”: 0.08795941027880547,
“usd_price_24hr_usd_change”: 0.45543496836985303,
“usd_value”: 517.7785605045078,
“native_token”: false,
“portfolio_percentage”: 0
},
//…
]
}
This response is enriched with an abundance of helpful knowledge, together with the image, title, brand, value, stability, value modifications over time, and extra of every token. As such, when working with Moralis, you solely want a single endpoint to fetch all of the required knowledge for constructing a full ERC-20 portfolio view!
Alchemy – Endpoints Overview
When utilizing Alchemy, we initially have to name their getTokenBalances() endpoint, which is used to fetch a pockets’s token balances:
alchemy.core.getTokenBalances(“0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045”)
In return, you’ll get a easy response containing an array of token balances, that includes solely the contract handle and token stability in hexadecimal:
“jsonrpc”: “2.0”,
“id”: 1,
“end result”: {
“handle”: “0x95222290dd7278aa3ddd389cc1e1d165cc4bafe5”,
“tokenBalances”: [
{
“contractAddress”: “0x0183736842388dcc6d41674082937684056a3904”,
“tokenBalance”: “0x00000000000000000000000000000000000000001581113dffdc72c05ad16068”
},
//…
]
}
}
What’s extra, aside from offering a fairly restricted response, Alchemy moreover contains some tokens with a stability equal to zero:
{
“contractAddress”: “0x007f252591528d326b2a73b366e5c6a0aa5128cc”,
“tokenBalance”: “0x0000000000000000000000000000000000000000000000000000000000000000”
}
Together with tokens with a zero stability is sort of pointless, and it additional slows down the time it takes to fetch all the tokens utilizing Alchemy’s API.
As soon as we’ve the stability, we now additionally have to name Alchemy’s getTokenMetadata() endpoint individually for every particular person token. This can lead to hundreds and hundreds of further calls. Right here’s an instance of what the endpoint appears like:
const contract = “0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48”;
alchemy.core.getTokenMetadata(contract).then(console.log);
In return, you’ll get a response containing a single token’s decimals, brand, title, and image:
{
“jsonrpc”: “2.0”,
“id”: 1,
“end result”: {
“decimals”: 6,
“brand”: “https://static.alchemyapi.io/photographs/property/3408.png”,
“title”: “USDC”,
“image”: “USDC”
}
}
Lastly, it’s essential to leverage a third-party supplier, equivalent to CoinGecko or CoinMarketCap, to get the value of every token. That is one other bothersome step, leading to extra calls and a extra complicated workflow for you and your improvement workforce!
QuickNode – Endpoints Overview
When utilizing QuickNode, we even have to begin by calling their getWalletTokenBalance endpoint to fetch the ERC-20 token balances of the pockets:
curl https://docs-demo.quiknode.professional/
-X POST
-H “Content material-Sort: software/json”
–data ‘{
“id”:67,
“jsonrpc”:”2.0″,
“methodology”:”qn_getWalletTokenBalance”,
“params”: [{
“wallet”: “0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045”
}]
}’
This returns an array of tokens that appears like this:
{
“jsonrpc”: “2.0”,
“id”: 67,
“end result”: {
“end result”: [
{
“name”: “Namefi Service Credit”,
“symbol”: “NFSC”,
“decimals”: “18”,
“address”: “0x0000000000c39a0f674c12a5e63eb8031b550b6f”,
“quantityIn”: “100000000000000000000”,
“quantityOut”: “20000000000000000000”,
“totalBalance”: “80000000000000000000”
},
//…
]
}
}
QuickNode’s response accommodates extra data than Alchemy’s, but it surely’s inadequate for constructing a complete portfolio view. As such, we then have to name their getTokenMetadataByContractAddress endpoint for every particular person token to get further data, which leads to hundreds of additional calls:
curl https://docs-demo.quiknode.professional/
-X POST
-H “Content material-Sort: software/json”
–data ‘{
“id”:67,
“jsonrpc”:”2.0″,
“methodology”:”qn_getTokenMetadataByContractAddress”,
“params”: [{
“contract”: “0x4d224452801ACEd8B2F0aebE155379bb5D594381”
}]
}’
That is what the response appears like:
{
“jsonrpc”: “2.0”,
“id”: 67,
“end result”: {
“title”: “Tether USD”,
“image”: “USDT”,
“contractAddress”: “0xdac17f958d2ee523a2206206994597c13d831ec7”,
“decimals”: “6”,
“genesisBlock”: null,
“genesisTransaction”: null
}
}
What’s extra, you’ll discover that QuickNode’s metadata response doesn’t even embody the token brand. That is one other vital part for constructing an ERC-20 token portfolio view.
Lastly, very like when utilizing Alchemy, you additionally have to leverage a third-party supplier like CoinGecko or CoinMarketCap to get token costs when working with QuickNode. As such, that is one other integration that complicates issues for you and your improvement workforce.
Abstract: Full Comparability – Moralis vs. Alchemy vs. QuickNode
With Moralis’ outcome-oriented and use-case-specific Web3 APIs, we’re in a position to present a considerably extra accessible and simple developer expertise in comparison with Alchemy and QuickNode!
Due to Moralis’ totally enriched API responses, you solely want a single endpoint and 18 API calls to get the token balances, metadata, costs, and way more from Vitalik’s pockets. This considerably improves the efficiency and cost-effectiveness of Moralis’ Web3 APIs. You require fewer calls to question the information you want.
Compared, with Alchemy and QuickNode, the identical activity requires hundreds of calls and third-party involvement. Suppliers like CoinGecko or CoinMarketCap are vital, turning this easy activity right into a bothersome and time-consuming endeavor.
Whereas this comparability makes use of Moralis’ Token API for example, it’s price noting that each one our APIs, together with the NFT API, Pockets API, and many others., are equally as complete and simple to make use of. As such, it doesn’t matter in the event you’re constructing a portfolio view of ERC-20 tokens, an NFT-based platform, a crypto value tracker, or every other Web3 mission; Moralis constantly outshines the competitors.
So, if you wish to begin constructing Web3 tasks sooner and extra effectively, ensure that to enroll with Moralis!
