Kvrocks (under Apache foundation umbrella) is another interesting Redis-compatible alternative, this one is targeting memory and SSD/NVME storage since it is implemented on top of RocksDB. So depending on your needs it may be a more efficient choice compared to Valkey.
That's a cool one, thanks, I find RockDB-like solutions a very nice niche for performance computing (e.g. ClickHouse, erigon), but I think with all the backing by huge corporations, Valkey will be the replacement for Redis.