Alchemix FinanceALCX

The Alchemix outstanding supply metric measures the circulating supply of alUSD (Alchemix USD) stablecoin by tracking the total tokens minted minus those burned and excluding tokens held by the protocol itself. This metric answers the business question of how many alUSD tokens are actively in circulation and available to users, providing insight into the protocol's stablecoin utilization and market presence. The calculation uses a supply-adjustment approach where total outstanding supply (from mint/burn events) is reduced by protocol-held balances to derive the true circulating supply.Learn more