What is the current price of Alchemix?
The current price of Alchemix is $2.24 with a 0.12% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Alchemix is a DeFi lending protocol that offers self-repaying loans: you deposit collateral, borrow a synthetic asset against it, and the yield your collateral earns gradually pays the debt off, with no interest and no liquidations from price moves. ALCX is the protocol's governance token. Alchemix matters because it introduced a genuinely different loan design to DeFi, one where the borrower's main cost is the future yield they give up rather than an interest rate and liquidation risk.
Alchemix was founded by a pseudonymous developer known as Scoopy Trooples, and is developed by a mostly pseudonymous team governed by the Alchemix DAO.
Key milestones:
Deposit collateral Users deposit assets such as stablecoins or ETH. In V3 that collateral is held as a Mix Yield Token (MYT), which spreads it across a curated basket of yield strategies.
Borrow alAssets Users mint alUSD or alETH against their deposit, up to the vault's loan-to-value limit (up to 90% in V3).
Yield repays the debt The yield earned by the collateral is applied to the outstanding debt over time. Because debt is denominated in the same unit as the collateral (dollars against dollars, ETH against ETH), price swings do not trigger liquidations.
Transmuter The Transmuter lets holders redeem alAssets 1:1 for the underlying asset. In V3 it became a fixed-duration Transmuter: redemptions complete on a known date, which gives the peg a clearer anchor.
Users can also repay early with alAssets or the underlying asset, or self-liquidate using part of their collateral.
Tokenomics: ALCX has no hard cap. Emissions started at about 22,344 ALCX per week and fell by 130 ALCX each week for roughly three years, after which the protocol entered a long-tail phase of 2,200 ALCX per week indefinitely (114,400 ALCX per year), so the inflation rate keeps falling as supply grows. Of emissions, 80% went to stakers and liquidity providers and 20% to founders, developers and contributors. A pre-mine funded the DAO treasury (358,959 ALCX) and bug bounties (119,653 ALCX).
Most DeFi lending protocols (Aave, Compound, Morpho) charge variable interest and liquidate positions when collateral value falls. Alchemix charges no interest, has no price-based liquidations for same-asset loans, and uses future yield as the repayment source. It is effectively a way to spend future yield today.
Alchemix runs on Ethereum and major Layer 2 networks, so base-layer security comes from those chains. Protocol safety depends on audited smart contracts, the DAO multisig and governance processes, and an active bug bounty program run through Immunefi. The V3 launch was delayed specifically for an additional audit. Because collateral is deployed into third-party yield strategies, Alchemix also inherits the risk of those protocols.
Alchemix showed that a loan can be repaid by yield instead of interest payments, and that idea has influenced later yield-tokenization designs. For users who already hold productive assets, it offers a distinctive trade-off between future income and liquidity today.
ALCX trades on centralized exchanges and on decentralized exchanges on Ethereum, including the Balancer ALCX/ETH pool used for veALCX. Bridged versions exist on Optimism and Arbitrum. Confirm contract addresses from the official docs before trading.
ALCX is an ERC-20 token, so it can be held in any Ethereum-compatible wallet such as MetaMask or Rabby, and in hardware wallets such as Ledger or Trezor. To take part in governance, ALCX must be paired with ETH and locked as veALCX through the official app.
Track Alchemix live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Alchemix on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Alchemix with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Alchemix with real money.
Read the complete paper trading guideThe current price of Alchemix is $2.24 with a 0.12% change in the last 24 hours.
The daily trading volume is $12,858.25 representing a 66.29% change in the past 24 hours.
The market capitalization of Alchemix is $5,635,224, ranking #744 globally.
The fully diluted valuation (FDV) of Alchemix is $6,954,112, calculated assuming the total supply of 3,104,823 ALCX is in circulation.
Circulating: 2,515,975. Total: 3,104,823. Max: N/A.
In the last 24 hours, Alchemix traded between a low of $2.21 and a high of $2.29.
ALCX/USDTTether USDT2.24 USDT
