Alchemix Price

Alchemix (ALCX) is a cryptocurrency token built on the Ethereum blockchain, launched in February 2021. It is currently ranked #970 by market capitalization. The token's current price is $10.28, with a 24-hour change of -3.52%. Alchemix has a circulating supply of 2.45M ALCX and a total supply of 3.05M ALCX. Its market cap stands at $25.27M, with a 24-hour trading volume of $7.03K. The token reached its all-time high of $2,066.2 on May 08, 2021, and its all-time low of $6.57 on June 18, 2022. Alchemix is designed for use in the Alchemix protocol, which offers innovative DeFi services including self-repaying loans and yield farming. The token serves governance functions within the ecosystem, allowing holders to vote on protocol upgrades and parameter changes. As of 2025-08-16, Alchemix continues to be an active player in the DeFi space, with ongoing development and community engagement.

Alchemix cryptocurrency was created on February 27, 2021. It was launched on the Ethereum blockchain as an ERC-20 token. Alchemix aims to provide innovative decentralized finance (DeFi) solutions, focusing on yield farming, lending, and borrowing. Since its inception, Alchemix has gained attention in the DeFi space for its unique approach to self-repaying loans and yield automation. As of 2025-08-16, Alchemix has a circulating supply of 2.45M ALCX and is ranked #970 by market capitalization. The current price of Alchemix is $10.28, with a 24-hour trading volume of $7.03K. Despite market fluctuations, Alchemix continues to evolve its protocol and expand its ecosystem, attracting users interested in advanced DeFi strategies.

The founder of Alchemix is Tommy Paul, a prominent figure in both the entertainment industry and blockchain technology sector. As the creator of this innovative DeFi protocol, Paul brought his expertise from multiple fields to develop Alchemix's unique financial ecosystem. The ALCX token serves as the governance token for the platform, allowing holders to participate in decision-making through a decentralized autonomous organization (DAO) structure. This governance model empowers the Alchemix community to shape the protocol's future direction and policies. While Tommy Paul is the primary founder, the project has since grown to include a team of developers and advisors who continue to expand and improve the Alchemix ecosystem.

Alchemix operates on the Ethereum blockchain as a decentralized finance (DeFi) protocol that allows users to obtain advances based on future cryptocurrency yields. The ALCX token is the native asset of the platform, granting holders governance rights to participate in key protocol decisions. Users can deposit supported assets into Alchemix vaults to mint alUSD, a stablecoin that represents a portion of their future yield. This innovative system enables users to access liquidity without selling their assets. The protocol automatically repays loans over time using the yield generated from deposited collateral. ALCX token holders can vote on important matters such as new product launches, project implementations, and adjustments to liquidation parameters. With its unique approach to leveraging future yields, Alchemix aims to provide users with flexible DeFi solutions while maintaining a decentralized governance structure through the ALCX token.

Alchemix operates on a multi-chain architecture, primarily built on Ethereum as an ERC-20 token. The protocol has expanded to support other EVM-compatible chains, enhancing its interoperability and reach. At its core, Alchemix's technical structure enables decentralized lending and borrowing functionalities. The architecture is designed to support third-party financial tools, allowing developers to build various applications on top of the Alchemix protocol. This extensibility is a key feature, fostering ecosystem growth and innovation. Alchemix's smart contract system is integral to its operations, facilitating automated lending processes and yield generation. The protocol utilizes advanced yield farming strategies to maximize returns for users while maintaining security. Governance is a crucial aspect of Alchemix's architecture, with the ALCX token serving as the primary mechanism for community-driven decision-making. This decentralized governance model allows token holders to propose and vote on protocol upgrades and parameter changes. The technical framework also incorporates risk management features and liquidity pools to ensure protocol stability and user fund security. As of 2025-08-16, Alchemix continues to evolve its architecture to meet the growing demands of the DeFi sector.

The future of Alchemix looks promising. Based on market trends and predictive modeling, ALCX is expected to see significant growth in the coming years. By 2026, the price could reach $10.28, with potential further increases to $10.83 by 2027. The project's roadmap focuses on enhancing its DeFi capabilities, including improvements to yield farming, lending, and borrowing features. Alchemix aims to expand its ecosystem partnerships and integrate with more platforms to increase utility. The team is also working on governance upgrades to give token holders more say in the project's direction. Long-term forecasts suggest ALCX could achieve a market cap of $25.27M by 2030, driven by increased adoption and technological advancements in the DeFi space. As always with cryptocurrencies, while the potential for growth is high, the market remains volatile and subject to rapid changes.