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Alchemy Subgraphs vs The Graph

How Alchemy Subgraphs and The Graph differ on type, speed, chains and developer experience.

Alchemy SubgraphsThe Graph
TypeManaged serviceDecentralized protocol
How it worksManaged, Graph-compatible subgraph hosting on Alchemy’s infrastructure, alongside its broader node + data API stack (Supernode, enhanced APIs).Define a subgraph (schema + mappings); independent indexers stake GRT to index it and serve GraphQL queries. The hosted service was fully deprecated in 2026 — everything now runs on the decentralized network.
ChainsMajor EVM + more55+
SpeedFastBaseline
CodingAssemblyScriptAssemblyScript
Best forTeams already on AlchemyDecentralized, censorship-resistant data

Alchemy Subgraphs

  • Enterprise-grade reliability
  • Seamless Graph migration
  • Part of Alchemy’s full stack
  • Paid / enterprise pricing
  • Not decentralized

The Graph

  • Most battle-tested & widely adopted
  • Decentralized + censorship-resistant
  • Huge subgraph ecosystem
  • Slowest in sync benchmarks
  • Hosted service deprecated (migration needed)

Bottom line

Pick Alchemy Subgraphs for teams already on alchemy; pick The Graph for decentralized, censorship-resistant data.