Introduction to Alchemy Pay (ACH)
Alchemy Pay (ACH) is a prominent cryptocurrency built on the Ethereum blockchain. It functions as a payment solution token designed to bridge the gap between traditional finance and the crypto economy. The token facilitates seamless transactions for merchants and consumers globally.
The total supply of ACH is fixed at nearly 10 billion tokens, with over 8.6 billion currently in circulation. This limited supply model is a key aspect of its economic design. At the time of writing, the token has demonstrated significant market activity.
It is actively traded on numerous exchanges, reflecting its growing adoption. For those looking to engage with dynamic digital assets, ACH presents an interesting opportunity in the crypto payments space.
Understanding the ACH/USDC Trading Pair
The ACH/USDC pair represents the exchange rate between Alchemy Pay and USD Coin, a popular stablecoin pegged to the US dollar. Trading this pair allows investors to speculate on the value of ACH without the volatility associated with Bitcoin or Ethereum.
On the Meteora platform, this pair is hosted within a decentralized liquidity pool. This enables users to swap tokens directly from their wallets in a permissionless manner. The pool's health is crucial for ensuring smooth and efficient trades.
Liquidity pools are fundamental to decentralized finance (DeFi), providing the necessary depth for large transactions. A deep pool like this one helps minimize slippage, offering a better experience for traders.
Current Market Performance and Statistics
The latest data shows ACH trading at approximately $0.04744 against USDC on Meteora. The price has remained stable over the past 24 hours, showing no percentage change. However, it's important to consider broader market trends beyond this short timeframe.
The 24-hour trading volume for this specific pair is currently reported at zero, indicating a temporary pause in activity. Despite this, the overall ecosystem remains active. The Fully Diluted Valuation (FDV) stands at an impressive $474.43 million.
This valuation projects the network's worth if all tokens were in circulation. The liquidity pool backing this pair is substantial, totaling over $402 million. This deep liquidity ensures that trades can be executed efficiently.
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Deep Dive into Liquidity and Pool Data
The ACH/USDC liquidity pool on Meteora is a critical component for traders. It holds a significant amount of both assets, ensuring stability. The pool contains nearly 9.98 billion ACH tokens, valued at over $461 million.
On the other side, it holds USDC to facilitate swaps. The pool's creation dates back five months, and it has seen consistent use since then. The most recent transaction confirms the pool is active and functional.
The contract address for this pool is a unique identifier on the blockchain. It allows users to verify the pool's details and holdings directly on-chain. This transparency is a hallmark of DeFi protocols.
How to Acquire and Trade ACH
Interested users can acquire ACH tokens through various platforms. Major decentralized exchanges (DEXs) like Meteora, Jupiter, and aggregators support swaps. Wallet integrations through Phantom make it accessible for many users.
The process typically involves connecting a compatible wallet, selecting the desired token pair, and confirming the transaction. Slippage tolerance should be set appropriately to ensure transaction success. Always verify contract addresses to avoid scams.
For those new to DeFi, starting with small amounts is advisable. Understanding gas fees and network congestion is also crucial for timing transactions effectively. The goal is to maximize value while minimizing costs.
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Token Distribution and Holder Information
A key metric for any cryptocurrency is its distribution among holders. For ACH, there are currently around 37 holders of this specific liquidity pool token. This indicates a concentrated but significant holding pattern.
The largest holder is the Meteora pool contract itself, which safeguards the majority of tokens for liquidity purposes. This is standard practice for automated market maker (AMM) protocols. The value of these holdings fluctuates with the market price.
Understanding holder distribution can provide insights into market sentiment. A concentrated holding might suggest confidence among large investors, while a broad distribution indicates wider adoption.
Frequently Asked Questions
What is Alchemy Pay (ACH) used for?
ACH is primarily used as a utility token within the Alchemy Pay ecosystem. It facilitates crypto payment services, enabling merchants to accept digital currencies and settle in fiat. It also powers network fees and rewards.
How does the ACH/USDC liquidity pool work?
The pool operates on an automated market maker model. Users supply both ACH and USDC to the pool, earning fees from trades. Traders can then swap between the two tokens directly using the pooled liquidity.
Is trading ACH on Meteora safe?
While Meteora is a recognized platform, all DeFi trading carries inherent risks. These include smart contract vulnerabilities, impermanent loss for liquidity providers, and market volatility. Always conduct your own research.
What is the difference between ACH price on Meteora and other exchanges?
Prices can vary slightly between exchanges due to differences in liquidity and trading volume. Arbitrage opportunities often arise from these discrepancies, helping to align prices across markets.
Can I provide liquidity to the ACH/USDC pool?
Yes, eligible users can become liquidity providers by depositing an equal value of both ACH and USDC into the pool. In return, they receive pool tokens representing their share and earn a portion of the trading fees.
Why is the 24-hour trading volume showing as $0?
This could be a temporary data reporting issue or a period of no transactions for that specific pair. It does not necessarily reflect the overall activity of ACH, which is traded on many other markets.