Explore Moralis for Easier Data Access & Compatibility with Alchemy

[erichfi]

Objective

Quickly investigate how Moralis could fit alongside our existing Alchemy setup to optimize and simplify data access on our platform.

Acceptance Criteria

• Set up a meeting with Moralis to discuss potential integration and compatibility.
• Create a concise document outlining Moralis features, pros, and cons.
• Briefly evaluate how Moralis fits with our existing Alchemy architecture.
• Make a swift recommendation on whether to explore Moralis further.

Tasks

• [ ] Reach out to Moralis for a Technical Discussion (Within 4 hours)
• Quickly assess their APIs, SDKs, and other tools.
• Inquire about pricing models and scalability options.
• [ ] Rapid Feature Comparison (2 hours)
• Compare Moralis features to what we're getting with Alchemy.
• [ ] Document Findings (1 hour)
• Summarize the key takeaways in a Google Doc.
• Use bullet points for easy reading.
• [ ] Make a Recommendation (30 minutes)
• Offer a quick verdict: is it worth pursuing Moralis further given our current Alchemy setup?

Timeframe Complete all tasks within 1 working day.

Let's be quick but thorough—every insight counts! 🚀

[tim-schultz]

Scheduled Call

I have a call scheduled for 9:30 AM MT on Monday, 10/2.

Limitations

Currently Supported Chains by Moralis

• Ethereum Mainnet
• Ethereum Görli
• Ethereum Sepolia
• Polygon Mainnet
• Polygon Mumbai
• Binance Smart Chain Mainnet
• Binance Smart Chain Testnet
• Avalanche C-Chain
• Fantom 25
• Cronos Mainnet
• Palm
• Arbitrum

Moralis Features

Moralis offers useful aggregations:

• Token Transfer API: Get all ERC20 transfers for a given address. Learn more

Cost Estimation

Rough Estimate

The cost of querying 1,000 addresses and then up to 10 of the recipient transfers (i.e., identifying Sybil network farming stamps) is a maximum of 55,000 CU. The actual cost would likely be lower, as not all addresses would have 10 transfer events.

This is impressive, considering the Pro plan costs $49/month (billed annually) and offers 15 million CU. You could run that script 272 times each month.

Alchemy Comparison

Alchemy offers a similar endpoint, but it also queries NFT transfers. Running a similar test would cost 1,650,000 CU. With the same $49/month plan, we could run the test 242 times.

So, Alchemy is slightly more expensive.

Questions for Call with Moralis

• Are there any limitations to the example outlined above?
• Are there any analytics-specific products?
• What would it cost to switch over our entire infrastructure to Moralis, including the RPC calls and analytics requests?
  • Note: We currently use it for token balance calls, NFT balance calls, and transaction initiations. Usage varies, but we could come up with an estimate.

[tim-schultz]

Putting this into blocked until call with Moralis on Monday

[tim-schultz]

Here is a synopsis of the call with Moralis as well as a document Chris from Moralis was nice enough to write up. https://docs.google.com/document/d/1ww_NcW-8jHxpwaB7EJlEJ9FCJ95BDlFpiZBjCJZ3xKo/edit