Compatibility is a spectrum, not a yes or no. A server that handles GET, SET, and simple hashes may still diverge on the parts that carry real load: stream consumer groups, blocking commands, Lua script determinism, keyspace notifications, exact eviction under memory pressure, and Redis Cluster routing. Build a command inventory from production metrics before you trust any compatibility claim, then weigh how many of Redis's roles - cache, queue, lock, leaderboard, message bus - you are asking one replacement to cover.
The closest lineage is Valkey, forked from the last open source Redis release and now developed under the Linux Foundation, so it tracks the same data structures and configuration file with an open license behind it. KeyDB is an older Redis fork under a BSD license that keeps full protocol, module, and script compatibility while adding multithreading and active replication, which suits teams who leaned on Redis modules or wanted more throughput per node. Dragonfly takes a different route: a multithreaded, shared-nothing rewrite that reimplements around 185 Redis commands plus the Memcached API, aimed at raw throughput rather than exact feature parity.
Migration off Redis starts with measurement, not export. Capture command usage, key counts, value sizes, TTL distribution, and persistence settings first. For protocol-compatible targets you can often load from snapshots or append-only logs, or use DUMP and RESTORE where formats match; for a safer cutover, dual-write for a window, compare reads, then move clients by endpoint. Validate TTLs, stream offsets, scripts, and ACLs explicitly, since these are where compatible servers most often behave differently.