Alfred is not as flashy but it's an extremely mature native macOS app.They've been improving it for 15+ years. No subscription either.

Since it was release I've seen people frequently complaining about Raycast's memory consumption.

There's a lot of overlap in terms of features.

Alfred is old and efficient, not very flashy or bling-blingy. And zero AI integration, definitely no subscriptions.

It also Just Works and stays out of the way until you need it.

I've replaced spotlight with Alfred maybe a decade ago and haven't looked back since.