Alchemix (ALCX) is a decentralized finance (DeFi) protocol launched in 2021, built on the Ethereum blockchain. Designed to offer self-repaying loans through innovative yield-generating mechanisms, ALCX has emerged as a unique player in the evolving DeFi landscape. This article provides a comprehensive overview of ALCX’s current price, market performance, liquidity metrics, historical developments, and future outlook — all optimized for clarity, accuracy, and search engine visibility.
Current ALCX Market Overview (Updated July 2025)
As of the latest data in July 2025, Alchemix (ALCX) is trading across multiple global exchanges with fluctuating prices and liquidity levels. Below is a snapshot of key trading venues and their current market data:
Top Exchanges by Price and Liquidity
- BlueBit: $9.55 | $30,000 24H volume | Liquidity Score: 1.00
- 芝麻开门 (Zhi Ma Kai Men): $10.07 | $20,000 24H volume | Liquidity Score: 379.00
- OKX Exchange: $7.69 | $60,000 24H volume | Liquidity Score: 201.00
- Binance: $7.31 | $280,000 24H volume | Liquidity Score: 500.00 (highest recorded)
- MEXC Global: $7.33 | $690,000 24H volume | Liquidity Score: 0.00
Note: The liquidity score reflects market depth and slippage resistance — higher scores (closer to 1,000) indicate stronger market stability and trader confidence.
Despite price disparities across platforms — such as the unusually high $78,647.69 listed on ChangeNOW — these outliers typically represent low-volume or non-standard trading pairs and should be approached with caution.
👉 Discover how real-time price tracking can improve your trading decisions
Understanding ALCX Price Volatility
The ALCX token has experienced notable volatility since its inception. In early 2022, it traded above $17, but has since seen a gradual decline amid broader DeFi market adjustments. As of mid-2025, the average trading range sits between **$7.20 and $10.10**, influenced by:
- Exchange-specific supply and demand
- Liquidity fragmentation
- Broader Ethereum ecosystem performance
- Protocol development activity
Binance remains a dominant force in ALCX trading volume, with over $7 million in 24-hour volume reported on certain pairs, indicating strong user trust and deep market integration.
Key Historical Developments
Alchemix Grants Program Launch (February 2024)
In February 2024, Alchemix officially launched its Grants Program, allocating an initial $100,000 worth of ALCX tokens to support community-driven innovation. Hosted via Questbook, the first round lasted approximately one month. The initiative aimed to fund developers, educators, and builders expanding the Alchemix ecosystem.
Community governance played a central role: after the initial funding cycle concludes, stakeholders evaluate outcomes and collaboratively shape the next phase of funding.
DAO-Approved Token Buyback Plan (February 2023)
A pivotal moment came in February 2023 when the Alchemix DAO approved a token buyback proposal. Under this model:
- One-third of yield farming revenues are redirected to purchase ALCX from the open market
- Buybacks aim to reduce circulating supply and support token value
- Treasury sustainability is improved by converting operational costs into revenue-generating activities
This shift marked a strategic evolution — transforming expenses into income streams while reinforcing long-term protocol health.
Binance Adds ALCX to Flexible Lending (May 2023)
In May 2023, Binance expanded its flexible lending platform to include ALCX as a borrowable asset. Users could now:
- Deposit collateral to borrow ALCX
- Earn interest by lending ALCX
- Participate in leveraged yield strategies
This integration significantly boosted ALCX’s visibility and utility within one of the world’s largest crypto ecosystems.
Delisting from Binance BUSD Pairs (August 2023)
Later that year, Binance announced the removal of several low-liquidity pairs, including ALCX/BUSD, effective August 25, 2023. While this reduced convenience for some traders, it did not impact ALCX’s availability against USDT or ETH pairs.
ALCX Tokenomics at a Glance
| Metric | Value |
|---|---|
| Launch Year | 2021 |
| Blockchain | Ethereum |
| Total Supply | ~2.1 million ALCX |
| Circulating Supply | ~1.81 million ALCX |
| Max Supply | Not applicable (inflationary model possible via emissions) |
| Primary Use Case | Governance, staking, protocol incentives |
The token powers governance within the Alchemix DAO, allowing holders to vote on proposals related to treasury management, grants, upgrades, and economic policy.
Wallet Options for Storing ALCX
Since ALCX is an ERC-20 token, it’s compatible with any Ethereum-supported wallet. Users can choose based on security and accessibility needs:
✅ Hot Wallets (Convenience-Focused)
- MetaMask
- Trust Wallet
- Coinbase Wallet
Ideal for active traders who frequently interact with DeFi protocols.
✅ Cold Wallets (Security-Focused)
- Ledger Nano X
- Trezor Model T
Recommended for long-term holders seeking maximum protection from online threats.
👉 Learn how secure wallet integration enhances trading safety
Frequently Asked Questions (FAQ)
Q: What is Alchemix (ALCX)?
A: Alchemix is a DeFi protocol enabling self-repaying loans using yield from deposited assets. When users deposit collateral like DAI or ETH, they can mint alAssets (e.g., alUSD), which are then automatically repaid over time using yield generated from Yearn Finance vaults.
Q: Where can I buy ALCX safely?
A: Reputable exchanges like Binance, OKX, MEXC, and Coinbase Pro offer secure trading pairs for ALCX/USDT, ALCX/ETH, and others. Always verify URLs and enable two-factor authentication.
Q: Why does ALCX price vary so much between exchanges?
A: Price differences stem from varying liquidity levels, trading volumes, and market depth. Low-volume platforms may show extreme prices due to minimal order book activity.
Q: Is ALCX a good investment?
A: Investment suitability depends on risk tolerance and market outlook. With active development, a strong DAO structure, and real-world utility in DeFi lending, ALCX appeals to those bullish on sustainable yield models — though past performance doesn’t guarantee future results.
Q: How does the Alchemix Grants Program work?
A: Funded by the DAO treasury, the program distributes ALCX tokens to contributors who build tools, create educational content, or improve protocol infrastructure. Proposals are submitted and voted on by the community.
Q: Can I stake ALCX?
A: Yes. ALCX can be staked to participate in governance and earn rewards from protocol fees or incentive programs. Staking platforms include Alchemix’s native dApp and select third-party DeFi protocols.
Future Outlook for Alchemix
Looking ahead into 2025 and beyond, Alchemix continues refining its vision of autonomous finance. Potential growth drivers include:
- Expansion to Layer 2 solutions for lower fees and faster transactions
- Integration with cross-chain lending platforms
- Increased adoption of alAsset-based credit products
- Ongoing community-led innovation via grants
With a transparent treasury, active governance participation, and a niche yet powerful product offering, Alchemix remains a compelling case study in sustainable DeFi design.
Final Thoughts
While ALCX may not dominate headlines like larger cryptocurrencies, its role in pioneering self-repaying loan mechanics gives it enduring relevance in the DeFi space. Traders and investors should monitor liquidity trends, governance activity, and macroeconomic factors affecting Ethereum-based tokens.
Whether you're evaluating short-term trades or long-term holdings, staying informed through reliable price tracking tools is essential.
👉 Stay ahead with live ALCX price alerts and advanced charting tools