Alchemy Pay

Alchemy Pay (ACH) emerges as a robust infrastructure play bridging the gap between fiat and cryptocurrency, characterized by strong fundamentals in tokenomics and market positioning. With an overall score of 7.6, the project's standout feature is its Tokenomics (8/10), boasting a 98% circulating supply that effectively eliminates future inflation risk for investors—a rarity in the sector. Its Market and Use Case (8.5/10) is equally strong, supported by a defensive moat of regulatory licenses (MTLs) and high-profile integrations (Samsung Pay, Visa), positioning it well against competitors in emerging markets. Security (8.5/10) is solid, underpinned by no history of exploits and rigorous off-chain compliance partnerships suitable for a payment gateway. However, the analysis highlights a dichotomy between its business success and crypto-native ideals: Active Development scores lowest (6/10) due to a lack of open-source transparency, and Community Support (7.5/10) relies heavily on incentivized engagement. Ultimately, ACH is a mature, compliant product with a 'sleeping giant' narrative, transitioning from a pure gateway to a broader ecosystem with the upcoming Alchemy Chain.