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Best Redis Alternatives 2026

Discover the best Redis alternatives for 2026. Compare Dragonfly, KeyDB, Memcached, Valkey and Garnet on performance, licensing and functionality.

At MG Software, we recommend Valkey as a direct Redis replacement for teams wanting open-source licensing certainty. For maximum performance, we choose Dragonfly as a drop-in upgrade.

Why do people look for alternatives to Redis is an open-source in-memory data structure store used as a database, cache and message broker. It supports strings, hashes, lists, sets, sorted sets, streams and more with sub-millisecond latency.?

After Redis Ltd changed to a dual license (RSALv2/SSPL) in 2024, many teams are seeking truly open-source alternatives. Additionally, newer tools offer better multi-threading, higher throughput and lower memory costs.

Best alternatives

Dragonfly

Modern in-memory datastore supporting Redis and Memcached protocols with a multi-threaded architecture delivering up to 25x higher throughput at lower memory usage.

Pros

  • +Up to 25x higher throughput than Redis thanks to multi-threaded architecture
  • +Redis protocol compatible — drop-in replacement without code changes
  • +Significantly lower memory usage through efficient data structures

Cons

  • -Younger project with a smaller ecosystem of modules and extensions
  • -Some advanced Redis commands are not yet fully supported
Best for: Teams that need maximum performance while maintaining Redis compatibility.

KeyDB

Multi-threaded fork of Redis with active replication, MVCC and Flash storage support for datasets larger than available memory.

Pros

  • +Multi-threaded — utilizes all CPU cores unlike single-threaded Redis
  • +Active-Active replication for high availability without sentinel
  • +Flash storage support for cost-effective large datasets

Cons

  • -Less active development after acquisition by Snap
  • -Smaller community and less documentation than Redis
Best for: Teams wanting multi-threaded Redis performance with Active-Active replication.

Memcached

The original high-performance distributed memory caching system, designed for simple key-value caching with a straightforward API and excellent horizontal scalability.

Pros

  • +Extremely simple and proven stable for pure caching workloads
  • +Multi-threaded out of the box with excellent horizontal scalability
  • +Minimal memory overhead per key due to simple data structure

Cons

  • -No support for complex data structures like sorted sets or streams
  • -No persistence — all data is lost on restart
Best for: Pure caching scenarios where simplicity and horizontal scaling are the priority.

Valkey

Community-driven open-source fork of Redis under the Linux Foundation, created in response to the Redis license change with a full BSD license.

Pros

  • +Truly open-source under BSD license — no licensing risks
  • +Full Redis compatibility as a direct fork
  • +Backed by Linux Foundation with contributions from AWS, Google and Oracle

Cons

  • -Still a young project that needs to prove long-term support
  • -Must develop its own innovation roadmap independently from Redis
Best for: Teams wanting a truly open-source Redis fork with enterprise backing.

Garnet

High-performance cache store developed by Microsoft Research, written in C# on .NET with RESP protocol compatibility and advanced cluster support.

Pros

  • +Extremely high throughput thanks to innovative storage architecture from Microsoft Research
  • +Redis RESP protocol compatible for easy migration
  • +Open-source under MIT license with active Microsoft support

Cons

  • -Requires .NET runtime which may not be desired in all environments
  • -Still in early stages with a limited ecosystem and community
Best for: .NET teams and Microsoft environments needing high-performance caching.

What to consider when switching?

  • Check if your used Redis commands and data structures are supported
  • Compare license terms with your company policy and compliance requirements
  • Evaluate multi-threading and memory efficiency for your workload
  • Assess available client libraries for your programming language

Which alternative does MG Software recommend?

At MG Software, we recommend Valkey as a direct Redis replacement for teams wanting open-source licensing certainty. For maximum performance, we choose Dragonfly as a drop-in upgrade.

Further reading

AlternativesBest MongoDB Alternatives 2026Best MySQL Alternatives 2026Redis vs Memcached: Complete Comparison GuideWhat is Redis? - Definition & Meaning

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Frequently asked questions

Redis Ltd changed the license to RSALv2/SSPL in 2024, preventing cloud providers from offering Redis as a managed service without an agreement. This led to open-source forks like Valkey.
Yes, Dragonfly leverages multi-threading and more efficient data structures, achieving up to 25x higher throughput at lower memory usage in benchmarks. Exact gains depend on your workload.
Yes, Valkey is a direct fork of Redis 7.2 and is fully compatible with existing Redis clients, commands and configurations. Migration is seamless in most cases.

Why is Redis no longer fully open-source?

Redis Ltd changed the license to RSALv2/SSPL in 2024, preventing cloud providers from offering Redis as a managed service without an agreement. This led to open-source forks like Valkey.

Is Dragonfly really faster than Redis?

Yes, Dragonfly leverages multi-threading and more efficient data structures, achieving up to 25x higher throughput at lower memory usage in benchmarks. Exact gains depend on your workload.

Can I use Valkey as a drop-in replacement for Redis?

Yes, Valkey is a direct fork of Redis 7.2 and is fully compatible with existing Redis clients, commands and configurations. Migration is seamless in most cases.

Ready to switch?

We help you migrate to the right platform.

Discuss your options

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