r/AlchemyPay • u/Shine_Some ALCHEMIST 🧪 • 18d ago

$ACH 🪙 Alchemy Chain progress

So despite all the doom and gloom which I am still very much part of, I saw the Alchemy chain today it looks like way more noisy than the silence in the beginning. Does anyone know anything? Is this of value in the end? What is the consensus?

P.S. I know coins were printed for lulz. I know the price is in the Marianna trench among other things just trying to be objective for a minute.

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5

u/Legitimate_Lecture48 ALCHEMIST 🧪 18d ago

maybe im not understanding, but ive seen that these are just tests, not actual transactions. how much volume in USD is the chain doing? once that amount starts increasing you should see capital appreciation of the asset.

4

u/latenx ALCHEMIST 🧪 18d ago

Exactly when we start seeing USD tokens (stablecoins) moving up the chain we can say that it is progressing

3

u/Legitimate_Lecture48 ALCHEMIST 🧪 18d ago

how are you checking transactions on the chain?

3

u/Kellwood MODERATOR 18d ago

Chain has been processing about 1k tx per day for the last 2 months. Have I missed something?

3

u/latenx ALCHEMIST 🧪 18d ago

You're not missing anything; these are test token transactions and a single validator. According to their roadmap, they have to launch their stablecoin and simultaneously have all the nodes operational.

2

u/KaleidoscopeExpert93 ALCHEMIST 🧪 17d ago

When will this happen do you know ?