Alchemix (ALCX)

Rank #500 alchemix.fi
$15.29 1.16%
Low:$14.91
High:$15.36
Market Cap $25,683,076
Trading Volume $1,257,479
Volume / Market Cap 0.0490
Total Supply 1,928,311 ALCX
Max Supply
Submit your ALCX price estimate for 2025

Alchemix is currently trading at $15.29, after a price change of 1.16% in the last 24 hours.

Ranked as cryptocurrency #500 by capitalization today, ALCX market cap is valued at $25,683,076. ALCX trading volume reached $1,257,479 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on ALCX coin price prediction page.

Alchemix Converter

What is Alchemix USD?

Alchemix USD is a yield-backed synthetic stablecoin supported on the Alchemix platform. The protocol is developed on Ethereum and lets users access collateral-pegged loans that are offset automatically with the generated yield. alUSD is minted by depositing DAI on the platform’s smart contract. 

Alchemix USD is tokenized by up to 50% of the DAI deposited on the platform. The DAI tokens are transferred by the Alchemix contract to earn yield in the Yearn yvDAI Vault. As the users harvest yield from the vault, their alUSD debt gradually decreases and eventually gets paid off. The platform’s Transmuter feature enables users to transmute alUSD pegged to DAI at a 1:1 ratio in the Alchemix protocol. Alchemix USD can also be exchanged in decentralized exchanges like CRV Finance. 

There are currently 238,707,111 company-reported alUSD tokens from an uncapped supply of 3,291,070. The token is supported on WalletConnect and Coinbase wallets. Alchemix Finance governance is managed through a liquid governance token called ALCX. The token is ERC20 standardized for governing and incentivizing liquidity on the Alchemix platform. ALCX is used in governing the DAO and rewarding the protocol users for offering liquidity. Alchemix was created by a pseudonymous team led by Scoopy Trooples in February 2021.