In the ever-evolving world of decentralized finance (DeFi), Alchemix has carved out a unique niche. This guide provides a detailed look at the Alchemix protocol, its native ALCX token, current market performance, and essential on-chain metrics.
What is Alchemix?
Alchemix is a revolutionary DeFi protocol built on the Ethereum blockchain. Its core innovation is the concept of self-repaying loans. Users can deposit the DAI stablecoin as collateral and borrow a synthetic stablecoin called alUSD. The genius of the system lies in its automation: the yield generated from the deposited DAI in integrated yield farms (like Yearn Finance) is used to automatically pay down the loan over time. This allows users to access the future value of their yield today without the risk of liquidation from a typical collateralized debt position.
The ALCX token serves as the governance token for the Alchemix ecosystem, allowing holders to vote on proposals that shape the protocol's future.
Current ALCX Market Performance
As of the latest data, the live price of Alchemix (ALCX) is $7.33. The token has seen a positive movement of +1.41% in the last 24 hours.
Key Price Stats (USD):
- 24h Change: +1.41%
- 7d Change: -1.95%
- 30d Change: -22.44%
- 1y Change: -58.68%
The token opened its trading day at $7.03 and, after a brief dip to $6.99, has been attempting to move higher. Technical analysis suggests that holding above the $6.69 support level is crucial for a potential move toward higher resistance levels.
Alchemix Market Capitalization and Ranking
Alchemix currently holds a market capitalization of approximately $18 million, which places it at rank #678 among thousands of cryptocurrencies. This valuation is based on a circulating supply of 2 million ALCX tokens.
- Circulating Supply: 2,000,000 ALCX
- Market Cap Rank: #678
- 24h Trading Volume: ~$911,844
The fully diluted valuation (FDV), which calculates market cap using the total supply, would be slightly higher.
Wealth Distribution and On-Chain Analysis
Understanding how tokens are distributed among holders is a key part of evaluating any cryptocurrency.
ALCX Contract Address: 0xdbdb4d16eda451d0503b854cf79d55697f90c8df
Wealth Distribution:
- Top 10 Addresses: Hold 63.72% of the supply.
- Addresses 11-100: Hold 31.92%.
- Addresses 101-1000: Hold 3.55%.
- All Other Addresses: Hold 0.82%.
It is important to note that some of the top addresses are likely exchange wallets holding tokens for many users. Nevertheless, this indicates a relatively high concentration of tokens among large holders.
Other Key Blockchain Stats:
- Total Holders: 9,628
- Total Transfers: 414,248
- Transactions (24h): 111
Historical Performance and ROI
Alchemix reached its all-time high (ATH) price of $1,753.09 on May 8, 2021. Since that peak, the price has declined significantly.
- All-Time High: $1,753.09 (May 8, 2021)
- 52-Week Low: $6.69
- 52-Week High: $29.59
The Return on Investment (ROI) metrics paint a picture of the recent market performance:
- ROI (3 Month): -13.91%
- ROI (6 Month): -63.61%
- ROI (12 Month): -57.46%
Volatility has been high, with a 12-month volatility reading of 84.65%.
Technical Analysis Outlook
A review of common technical indicators provides a mixed to bearish short-term outlook. Key moving averages (SMA and EMA) across multiple timeframes (from 10 to 200 days) are all indicating "Sell" signals, meaning the current price is trading below these averages.
Other momentum indicators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) are in "Natural" territory, suggesting the token is neither overbought nor oversold at the moment. For a deeper dive into future price projections, many traders seek out specialized analysis. 👉 Explore more advanced technical strategies
Frequently Asked Questions
What is Alchemix and how does it work?
Alchemix is a DeFi protocol offering self-repaying loans. Users deposit DAI as collateral to borrow alUSD. The loan is automatically repaid over time using the yield generated from the deposited collateral, eliminating liquidation risk and allowing users to access future yield immediately.
What is the current price of ALCX?
The current price of one ALCX token is $7.33. Its price has increased by 1.41% in the last 24 hours but remains relatively unchanged over the past week.
What was the lowest price for Alchemix?
The lowest price recorded for ALCX was $6.94 in June 2025, just over a week ago from the time of writing.
What was the highest price for Alchemix?
The all-time high price for ALCX was $1,753.09, achieved on May 8, 2021.
What is Alchemix's market cap?
Alchemix has a market capitalization of $18 million, ranking it #678 in the crypto market. This is based on a circulating supply of 2 million tokens.
When was Alchemix launched?
The ALCX token was launched on the Ethereum blockchain on February 27, 2021.