Total Value Locked$72,692
TVL by Chain
Ethereum$35,836
OP Mainnet$35,227
Arbitrum$1,629
Fantom$0
Key Metrics
Fees 30d$0
Fees 30d by chain
Arbitrum$0
Ethereum$0
OP Mainnet$0
Fees 7d$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Fees 24h$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Cumulative Fees$5.24m
Ethereum$4.97m
OP Mainnet$226,939
Arbitrum$47,420
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Ethereum$0
OP Mainnet$0
Revenue 7d$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Revenue 24h$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Cumulative Revenue$524,411
Ethereum$496,992
OP Mainnet$22,690
Arbitrum$4,729
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Ethereum$0
OP Mainnet$0
Holders Revenue 7d$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Holders Revenue 24h$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Cumulative Holders Revenue$0
Arbitrum$0
Ethereum$0
OP Mainnet$0
Staked$1m
Protocol Information
Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary* deposits of stablecoins.
Part of Alchemix
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Alchemix generates revenue from various lending and yield optimization activities across its protocol.View code on GitHubRevenue: Protocol fee share from gross yield harvested.View code on GitHubHolders Revenue: No revenue share to ALCX token holders.View code on GitHubHacks
Date: Jun 16, 2021
Amount: $6.5m
Classification: Protocol Logic
Technique: Borrow Logic Flaw
Alchemix alETH vault exploited via incorrect vault indexing in the deployment script. Wrong index in debt calculations allowed collateral withdrawal without loan repayment.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Alchemix V2 history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Nov 18, 2021 to Nov 14, 2026.
All-time high TVL: $889.51m on Dec 2, 2021. All-time low TVL: $52,836 on Aug 13, 2026.
Daily TVL, Oct 16, 2026 to Nov 14, 2026
| Date | TVL |
|---|---|
| Oct 16, 2026 | $82,743 |
| Oct 17, 2026 | $82,584 |
| Oct 18, 2026 | $82,184 |
| Oct 19, 2026 | $82,534 |
| Oct 20, 2026 | $81,813 |
| Oct 21, 2026 | $82,978 |
| Oct 22, 2026 | $83,153 |
| Oct 23, 2026 | $81,819 |
| Oct 24, 2026 | $81,817 |
| Oct 25, 2026 | $81,315 |
| Oct 26, 2026 | $80,779 |
| Oct 27, 2026 | $80,648 |
| Oct 28, 2026 | $81,135 |
| Oct 29, 2026 | $81,243 |
| Oct 30, 2026 | $79,008 |
| Oct 31, 2026 | $79,160 |
| Nov 1, 2026 | $79,628 |
| Nov 2, 2026 | $79,650 |
| Nov 3, 2026 | $79,330 |
| Nov 4, 2026 | $79,592 |
| Nov 5, 2026 | $82,672 |
| Nov 6, 2026 | $78,984 |
| Nov 7, 2026 | $79,191 |
| Nov 8, 2026 | $78,992 |
| Nov 9, 2026 | $77,265 |
| Nov 10, 2026 | $76,839 |
| Nov 11, 2026 | $75,598 |
| Nov 12, 2026 | $75,559 |
| Nov 13, 2026 | $74,769 |
| Nov 14, 2026 | $72,466 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $62.93m |
| Jan 31, 2025 | $60.71m |
| Feb 28, 2025 | $42.76m |
| Mar 31, 2025 | $38.88m |
| Apr 30, 2025 | $36.8m |
| May 31, 2025 | $43.69m |
| Jun 30, 2025 | $42.61m |
| Jul 31, 2025 | $59.82m |
| Aug 31, 2025 | $58.42m |
| Sep 30, 2025 | $58.09m |
| Oct 31, 2025 | $51.1m |
| Nov 30, 2025 | $41.19m |
| Dec 31, 2025 | $41m |
| Jan 31, 2026 | $37.71m |
| Feb 28, 2026 | $28.66m |
| Mar 31, 2026 | $28.85m |
| Apr 30, 2026 | $81,118 |
| May 31, 2026 | $76,787 |
| Jun 30, 2026 | $68,666 |
| Jul 31, 2026 | $74,500 |
| Aug 31, 2026 | $83,610 |
| Sep 30, 2026 | $87,264 |
| Oct 31, 2026 | $79,160 |
| Nov 14, 2026 (latest) | $72,466 |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $781.47m |
| Dec 31, 2022 | $57.47m |
| Dec 31, 2023 | $60.5m |
| Dec 31, 2024 | $62.93m |
| Dec 31, 2025 | $41m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $205,373 | $20,534 | $0 |
| Jan 2025 | $129,295 | $12,929 | $0 |
| Feb 2025 | $229,856 | $22,989 | $0 |
| Mar 2025 | $121,539 | $12,150 | $0 |
| Apr 2025 | $91,775 | $9,179 | $0 |
| May 2025 | $90,900 | $9,092 | $0 |
| Jun 2025 | $128,917 | $12,891 | $0 |
| Jul 2025 | $102,219 | $10,222 | $0 |
| Aug 2025 | $195,371 | $19,538 | $0 |
| Sep 2025 | $170,937 | $17,090 | $0 |
| Oct 2025 | $158,358 | $15,831 | $0 |
| Nov 2025 | $78,722 | $7,872 | $0 |
| Dec 2025 | $140,590 | $14,059 | $0 |
| Jan 2026 | $102,538 | $10,257 | $0 |
| Feb 2026 | $7,521 | $753 | $0 |
| Mar 2026 | $115,953 | $11,595 | $0 |
| Apr 2026 | $2,116 | $212 | $0 |
| May 2026 | $0 | $0 | $0 |
| Jun 2026 | $0 | $0 | $0 |
| Jul 2026 | $0 | $0 | $0 |
| Aug 2026 | $0 | $0 | $0 |
| Sep 2026 | $0 | $0 | $0 |
| Oct 2026 | $0 | $0 | $0 |
| Nov 2026 (to date) | $0 | $0 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/alchemix-v2
Frequently asked questions
What is Alchemix V2's TVL?
As of Nov 14, 2026, Alchemix V2 has $72,692 in total value locked. TVL has decreased 11.8% over the past 30 days.
What chains does Alchemix V2 operate on?
Alchemix V2 operates on 4 chains: Ethereum, OP Mainnet, Arbitrum, and Fantom. Ethereum holds the largest share at 49.3%.
How much has Alchemix V2 generated in fees and revenue?
Over the past 30 days, Alchemix V2 generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $447,440 in fees and $44,748 in revenue.
How does Alchemix V2's TVL compare to similar protocols?
Among Synthetics protocols tracked by DefiLlama, Alchemix V2 ranks #11 by TVL. The category holds $62.81m across 37 protocols, and Alchemix V2 accounts for 0.1% of that total. Similar protocols include Alchemix V3, Metronome Synth, CVI Finance, Usual ETH0, Outcome Finance, Wrap Protocol, Yam Finance, Rumpel Labs, Duet Protocol, and Forge SX Ovens.
Has Alchemix V2 ever been exploited?
Alchemix V2 has 1 recorded security incident. The most recent incident occurred on Jun 16, 2021 and involved $6.5m. It was classified as Protocol Logic.