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Cryptocurrency & Blockchain · head to head

Alchemy vs ChatGPT

Alchemy logo

Alchemy

Cryptocurrency & Blockchain

The web3 development platform

From
Free
Rated
-
Full reviewWebsite
ChatGPT logo

ChatGPT

All industries

AI-powered conversational assistant for productivity and creativity

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Alchemy the free tier is capped at 30M compute units a month and 25 requests per second; ChatGPT openAI's own pricing page, as captured by the Internet Archive in 2023, listed ChatGPT Plus at $20 per user per month, Team at $25 to $30 per user per month with a minimum of 2 users, and Enterprise available only from 150 users. The live page refuses automated reads, so these are 2023 figures and the tiers have changed since.
  • They diverge on capability: Alchemy covers Node APIs, ChatGPT covers Natural language conversation.

Where they differ

Only the attributes on which Alchemy and ChatGPT actually diverge.

Attributes where Alchemy and ChatGPT differ
AttributeAlchemyChatGPT
PlatformsApi, WebWeb, Ios, Android, Api
CategoryCryptocurrency & BlockchainAll industries
Founded20172015

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Alchemy

  • Node APIs
  • Enhanced APIs
  • NFT API
  • Webhooks
  • Mempool
  • 35+ chains
  • SDKs

Only in ChatGPT

  • Natural language conversation
  • Code generation and debugging
  • Text analysis and summarization
  • Creative writing assistance
  • Math and problem solving
  • Language translation
  • Research assistance
  • Image generation (DALL-E)

Both cover

  • Api support
  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Alchemy

  • Hosted blockchain node access across mainnets and testnetsnot ChatGPT
  • Backing a production web3 application without running nodesnot ChatGPT
  • Webhook-driven notifications for on-chain eventsnot ChatGPT
  • Scaling read throughput beyond self-hosted node limitsnot ChatGPT

ChatGPT

  • Content creationnot Alchemy
  • Code assistancenot Alchemy
  • Research and analysisnot Alchemy
  • Learning and educationnot Alchemy
  • Creative writingnot Alchemy

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Alchemy

  • The free tier is capped at 30M compute units a month and 25 requests per second
  • Free accounts are limited to 5 apps and 5 webhooks
  • Beyond the free allowance it is $0.45 per 1M compute units for the first 300M a month
  • Request cost varies by call complexity, from around 10 compute units to over 100, so spend is hard to predict from request counts alone
  • Signed SLAs and priority support require an Enterprise contract

ChatGPT

  • OpenAI's own pricing page, as captured by the Internet Archive in 2023, listed ChatGPT Plus at $20 per user per month, Team at $25 to $30 per user per month with a minimum of 2 users, and Enterprise available only from 150 users. The live page refuses automated reads, so these are 2023 figures and the tiers have changed since.

Pricing, plan by plan

Alchemy

Free
  • FreeFree
    • 300M compute units
    • 5 apps
    • Core APIs
  • Growth$49/month
    • 400M compute units
    • 15 apps
    • Enhanced APIs
  • Scale$199/month
    • 1B compute units
    • Unlimited apps
    • Premium support

ChatGPT

Free
  • FreeFree
    • Access to GPT-3.5
    • Standard response speed
    • Regular model updates
  • ChatGPT Plus$20/month
    • Access to GPT-4
    • Faster response times
    • Priority access during peak times

Which should you pick?

Choose Alchemy if

  • You need node apis.
  • You want to start without paying.
  • You work on Api, Web.
  • You also want enhanced apis.
Alchemy review

Choose ChatGPT if

  • You need natural language conversation.
  • You want to start without paying.
  • You work on Web, Ios, Android, Api.
  • You also want code generation and debugging.
ChatGPT review

Questions people ask

Is Alchemy or ChatGPT better?
Neither clearly leads. Alchemy starts at Free and ChatGPT at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Alchemy or ChatGPT?
Alchemy starts at Free and ChatGPT at Free.
Does Alchemy or ChatGPT run on more platforms?
Alchemy runs on Api, Web. ChatGPT runs on Web, Ios, Android, Api.
Can I use Alchemy for free?
Both have a free tier, so you can try either at no cost before committing.
What is Alchemy best used for?
Alchemy is most often used for hosted blockchain node access across mainnets and testnets, backing a production web3 application without running nodes, webhook-driven notifications for on-chain events, scaling read throughput beyond self-hosted node limits. Of those, hosted blockchain node access across mainnets and testnets and backing a production web3 application without running nodes are not what ChatGPT is typically brought in for.
What can Alchemy do that ChatGPT cannot?
Alchemy covers Node APIs, Enhanced APIs, NFT API, Webhooks. ChatGPT covers Natural language conversation, Code generation and debugging, Text analysis and summarization, Creative writing assistance. Both handle Api support, Web support.
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