ALCX vs INV
Alchemix and Inverse Finance scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
ALCX scores 108 of 250 and ranks 100th of 251. INV scores 95 and ranks 167th. ALCX leads by 13 points, which is a real gap, though small enough that one variable moving would close much of it. ALCX takes 13 of the 25 variables, INV takes 0, and 12 are level.
The framework rates ALCX WATCH and INV PASS. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
No single variable separates ALCX and INV by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Buyback and Burn, Active Users, Market Share, Institutional Adoption, Exchange Depth. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
ALCX still has 21.1% of its eventual supply to enter circulation against 2% for INV. On the same market capitalisation, a buyer of ALCX is taking the 1.27x dilution path and a buyer of INV the 1.02x one.
INV is valued at $6.9M against $6.6M for ALCX, a 1.0x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 4 | 3 | ALCX +1 | |
| Revenue Trend | 4 | 3 | ALCX +1 | |
| P/S Multiple | 5 | 5 | level | |
| Real Staking Yield | 4 | 4 | level |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 6 | 5 | ALCX +1 | |
| Circulating / FDV Ratio | 6 | 6 | level | |
| Buyback and Burn | 3 | 3 | level |
Ownership
| Smart Money Flows | 5 | 4 | ALCX +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 4 | 3 | ALCX +1 | |
| Active Users | 3 | 3 | level | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 4 | 3 | ALCX +1 |
Position
| Market Share | 3 | 3 | level | |
| Competitive Moat | 5 | 4 | ALCX +1 | |
| Institutional Adoption | 3 | 2 | ALCX +1 | |
| Exchange Depth | 3 | 3 | level | |
| Social Mindshare | 4 | 3 | ALCX +1 |
Risk
| Regulatory Safety | 5 | 4 | ALCX +1 | |
| Catalyst Calendar | 4 | 3 | ALCX +1 | |
| BTC Alpha Potential | 4 | 3 | ALCX +1 | |
| Team Execution | 5 | 5 | level | |
| Treasury Runway | 5 | 4 | ALCX +1 |
Bars read outward from the centre: ALCX to the left, INV to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| ALCX | INV | |
|---|---|---|
| Price | $2.62 | $9.69 |
| Market cap | $6.6M | $6.9M |
| Circulating | 78.9% | 98% |
| Dilution to full supply | 1.27x | 1.02x |
| Off all-time high | -99.87% | -99.53% |
| To recover the high | 769.2x | 212.8x |
| Total value locked | not published | not published |
| Network | Ethereum | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
ALCX · WATCH
Self-repaying loans via Alchemix V3; yield optimization on multiple chains.
Smart contract risk from complex DeFi strategies; low TVL and user adoption.
INV · PASS
DeFi lending protocol with DOLA stablecoin and fixed-rate loans
Historical exploit history and low liquidity relative to competitors
Common questions
- Is ALCX or INV the better investment?
- On this framework ALCX scores higher: 108 against 95 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and ALCX still wins 13 of the 25 individual variables against INV.
- What is the biggest difference between ALCX and INV?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, ALCX or INV?
- ALCX is valued at $6.6M and INV at $6.9M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.