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alpha finance  (ALPHA)

Alpha Finance (ALPHA)

$0.555109 -0.5%
0.00001536 BTC 0.4%
0.00024722 ETH -1.4%
23,865 people like this
Market Cap
$158,346,567
24 Hour Trading Vol
$13,446,729
24h Low / 24h High
$0.543106 / $0.568242
Circulating Supply
285,579,035 / 1,000,000,000
Fully Diluted Valuation
$554,475,461
Max Supply
1,000,000,000
Total Value Locked (TVL)
$624,675,294
Market Cap / TVL Ratio
0.25
Fully Diluted Valuation / TVL Ratio
0.89

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64% 36%
1h
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Alpha Finance Price and Market Stats

Alpha Finance Price
ALPHA Price $0.555379
Market Cap $158,346,567
Market Cap Dominance 0.01%
Trading Volume $13,453,630
Volume / Market Cap 0.0848
24h Low / 24h High $0.543106 / $0.568242
7d Low / 7d High $0.556563 / $0.641407
Market Cap Rank #220
All-Time High $2.93 -81.0%
Feb 05, 2021 (4 months)
All-Time Low $0.026357564790 2011.7%
Nov 03, 2020 (8 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 ALPHA/WBNB Info 0xa1faa113cbe53436df28ff0aee54275c13b40975
$0.56
0.0016255216336456 WBNB
0.6% $368,538 $367,431
$456,280
820977.686 0XA1F
3.40% Recently
2 ALPHA/USDT
$0.56
0.5544 USDT
0.07% $97,806 $176,562
$3,198,356
5752905.997 ALPHA
23.75% Recently
3 ALPHA/USDT
$0.55
0.5536 USDT
0.11% $75,024 $164,118
$558,201
1006719.670 ALPHA
4.15% Recently
4 ALPHA/BNT
$0.56
0.155972062057997 BNT
0.6% $114,705 $131,513
$215,278
386137.834 ALPHA
1.60% Recently
5 ALPHA/USDT
$0.55
0.553 USDT
0.11% $53,158 $79,358
$368,725
666791.528 ALPHA
2.75% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Alpha Finance Coin Price & Market Data

Alpha Finance price today is $0.555109 with a 24-hour trading volume of $13,446,729. ALPHA price is down -0.5% in the last 24 hours. It has a circulating supply of 290 Million ALPHA coins and a max supply of 1 Billion. If you are looking to buy or sell Alpha Finance, PancakeSwap (v2) is currently the most active exchange.

What is Alpha Finance (ALPHA) token?

ALPHA is a multi-purpose token that is utilized in Alpha Finance Lab’s decentralized protocol which supports their range of different products.

What is Alpha Finance Lab (Alpha Finance)?

Alpha Finance is a cross-chain DeFi platform which aims to address the underserved markets within the crypto community. In particular, there are two key challenges that Alpha Finance aims to address. 

The first challenge is the limited availability of products outside the Ethereum blockchain. Most decentralized applications are developed on the Ethereum blockchain. However, as it becomes more saturated, gas fees increase which drives users to other blockchain platforms. This ties in with the growing popularity of alternatives like Polkadot and Binance Smart Chain.

The second challenge is the lack of liquidity on decentralized exchanges which leads to common issues such as price volatility. At the same time, significant price changes between different assets in a liquidity pool would also lead to impermanent loss for stakers.

By addressing these issues, Alpha Finance hopes to expand the use-cases of DeFi and eventually improve DeFi’s adoption rate amongst the general populace.

How does Alpha Finance Lab (Alpha Finance) work?

Through the development of a variety of Alpha products, Alpha Finance aims to create an ecosystem of products that leverages traditional finance principles whilst operating in a decentralised manner. The central theme for each Alpha product is to maximize returns while minimising downside exposure/risk. Importantly, each product must be able to offer synergies within Alpha Finance’s ecosystem and address DeFi’s main issues.

At the time of writing, the only product available is the Alpha Homora product which enables leveraged yield farming. Users can primarily participate as yield farmers, ETH lenders, or liquidators.

ETH lenders are afforded high interest rates for lending their ETH to yield farmers and liquidity providers. Whenever ETH is borrowed, a fee is paid into the ibETH pool (where ETH lenders stake their ETH) and ibETH is earned as interest. ibETH are tradable assets that continually earn interest and represent a lender's share of ETH in the deposit pool.

With borrowed liquidity, yield farmers are able to take leveraged positions and earn higher farming APY and trading fees APY. The same principle applies to liquidity providers who can leverage their position and earn higher trading fees APY.

Moving forward, Alpha Finance will be introducing more products which includes upgrades to their existing product (Alpha Homora v2) and a new product (Alpha X) that facilitates perpetual swap trading.

What can Alpha Finance (ALPHA) tokens do?

The Alpha Finance ecosystem can be categorized into two (2) different levels. The first level is the Alpha Finance level whereas the second level is the product-level. At the time of writing, ALPHA tokens only act as governance tokens for both levels of the Alpha Finance ecosystem. However, as Alpha Finance develops more products and grows as a community, new use-cases will be introduced for ALPHA which includes:-

  1. Utility (e.g. provide liquidity or staking ALPHA to receive protocol fees), 
  2. Work (e.g. access to more functionalities on Alpha products); and 
  3. Interoperability (e.g. staking ALPHA in order to unlock interoperability features among Alpha products).

How to obtain Alpha Finance (ALPHA) tokens?

ALPHA tokens can be obtained through two (2) methods. 

The first method is buying them from an exchange such as Uniswap and Binance. You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page here. Alternatively, you can check out Alpha Finance’s (ALPHA) markets for an overview of the different exchanges ALPHA is traded on.

The second method is to deposit assets on Alpha Finance's website and earn ALPHA tokens in return for staking. Liquidity providers will earn ALPHA tokens at different rates, depending on the size of their liquidity provided, and the type of pool they are participating in. 

 

 

 

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