Alchemix (ALCX)
CryptoScore Pro global score : 55/100 (computed on 2026-10-30)
Alchemix is a decentralized finance protocol deployed on Ethereum that issues alAssets, synthetic tokens pegged to underlying assets such as ETH and USD-denominated stablecoins, allowing holders to borrow against collateral without selling it. Its verified contract address is 0xdbdb4d16eda451d0503b854cf79d55697f90c8df, the contract is verified on the block explorer, and it is not deployed behind a proxy, which means its logic cannot be upgraded silently. The protocol is categorised under Decentralized Finance, Yield Farming and Governance, and is part of the Olympus Pro and Ethereum ecosystems. The project matters to users who want liquidity and leverage on existing holdings while keeping long exposure, and it is one of the earlier self-repaying lending designs to reach the market. The core mechanism combines collateralised borrowing with a yield source that gradually repays the debt. Depositors lock supported collateral in the vault and mint alAssets against it; the yield generated by the deposited collateral is used to repay the outstanding loan over time. The codebase is published on GitHub at github.com/alchemix-finance/alchemix-protocol, which provides 188 stars and 72…
Scores by pillar
| Technology | 37/100 |
|---|---|
| Tokenomics | 70/100 |
| Team | 56/100 |
| Adoption | 65/100 |
| Liquidity | 49/100 |
| Compliance | 73/100 |
Market data
| Price | $2.13 |
|---|---|
| Market cap | $5.39M |
| 24h volume | $62,864.39 |
| Market cap rank | #1706 |
| 24h change | -2.1% |
| 7d change | -20.68% |
| Blockchain | ethereum |
| Sector | Ethereum (ETH) Token (ERC-20) |
Analysis
Alchemix is a decentralized finance protocol on Ethereum. It allows users to borrow synthetic assets, called alAssets, without selling their collateral. The yield from the deposit automatically repays the debt. The token is used for protocol governance. Users seek leverage without liquidating their holdings.