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ALUSD vs OP — price, size and safety, side by side

ALUSD (Optimism) vs OP (Optimism) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-26 / 2026-09-26.

ALUSDB

$0.9538
Alchemix USD on Optimism
Trade ALUSD
vs

OPB

$0.1455
Optimism on Optimism
Trade OP

ALUSD vs OP — normalized performance, 2026-09-21 to 2026-09-26T18:07:24

100 — shared start
ALUSD −0.24%  ·  OP +11.8% — both series rebased to 100 at the first measured point in the shared window; not a raw-price chart.
ALUSDOP
Price$0.9538$0.1455
Market cap$9.99M$299.40M
24h volume$1.92K$2.83M
Liquidity$1.14M$1.07M
FDV$1.61M$559.19M
Holders5,6301,370,841
Age (days)1,181—
Safety gradeBB

Where they differ

What the data says

ALUSD

ALUSD at 0xcb8fa9a76b8e203d8c3797bf438d8fb81ea3326a is Alchemix's USD on Optimism — the dollar that backs the protocol's self-repaying loan structure, where deposited collateral's yield amortizes the borrow. The September 26, 2026 snapshot prices a $10.0 million asset-wide market cap against a $1.6 million fully-diluted read of the local float of 1.7 million units — a small Optimism slice of a multi-chain stable.

The local book is deeper than it looks and quieter than it should be: $1.1 million of tracked depth reads deep against that float, while $1.9 thousand of 24-hour volume is a nearly dormant tape — the pool exists; the flow mostly does not. For an exit-sized holder that pairing is the real information: depth on paper, and a tape that rarely tests it.

Full ALUSD safety read →

OP

OP at 0x4200000000000000000000000000000000000042 is the Optimism Collective's governance token — the canonical OP Mainnet deployment sitting in the chain's own vanity address space, not a bridged copy. The September 26, 2026 snapshot counts 1,370,841 holders around a $299.4 million market cap, $559.2 million fully diluted against a 4.3 billion total supply — the gap between the two figures is the unissued allocation the Collective still holds.

The contract posture is worth quoting exactly. Minting is still active — new supply can be minted, consistent with OP's ongoing distribution schedule. Freeze is revoked, and the code is not a proxy. Depth is the soft spot: $1.1 million of tracked pool liquidity is thin against a nine-figure cap, and $2.8 million of 24-hour volume means ordinary exits clear but size should be measured against the pool, not the headline.

Full OP safety read →

FAQ

Which is bigger, ALUSD or OP?

By tracked market cap: ALUSD (Optimism) measures $9.99M and OP (Optimism) measures $299.40M — dated snapshots, not a live feed.

Which is safer, ALUSD or OP?

On the contract checks we publish: ALUSD (Optimism) grades B and OP (Optimism) grades B. A grade is a structural check on the contract, not a promise about the asset.

How have ALUSD and OP performed over the shared window?

Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show ALUSD at −0.24% and OP at +11.8%.

More comparisons

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The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.

Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.