HostALETH vs MSETH — price, size and safety, side by side
ALETH (Optimism) vs MSETH (Base) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-17 / 2026-10-16.
ALETH vs MSETH — normalized performance, 2026-09-21 to 2026-10-15T21:43:45
| ALETH | MSETH | |
|---|---|---|
| Price | $2.36K | $2.17K |
| Market cap | $20.45M | $51.09M |
| 24h volume | $38.35K DEX | $1.24M DEX |
| Liquidity | $2.21M | $3.64M |
| FDV | $4.29M | $22.59M |
| Holders | 4,163 | 6,036 |
| Age (days) | 1,199 | 516 |
| Safety grade | B | B |
Where they differ
- MSETH measures ~2.5× the market cap of ALETH
- MSETH measures ~1.6× the liquidity of ALETH
- MSETH measures ~32× the 24h volume of ALETH
What the data says
ALETH
ALETH at 0x3e29d3a9316dab217754d13b28646b76607c5f04 is Alchemix's ETH claim on Optimism — the ether-denominated sibling of the protocol's self-repaying dollar, a receipt whose backing is a yield-bearing ETH position. The October 9, 2026 snapshot prices a $20.5 million asset-wide market cap against a $4.3 million fully-diluted read of the local float — and that float is just 1.7 thousand claims, a small book by any measure.
Inside the small book the depth is real: $2.2 million of tracked pool liquidity reads deep against the local float, on $68.1 thousand of 24-hour volume. The record runs 1,181 days — the same vintage as its dollar sibling, both surviving deployments of a protocol that has long since gone through its hype cycle.
MSETH
msETH is Metronome Synth's synthetic ether — a collateral-minted synthetic that tracks ETH's price through the Synth engine's mint-and-pool mechanics rather than by holding ether itself. The contract 0x7ba6f01772924a82d9626c126347a28299e98c98 is the Base deployment our scan tracks, at $3.6 million of pool liquidity as of October 6, 2026.
The honest note: msETH is not ETH and not a claim on ETH — synthetic assets trade at whatever the pool clears, which can sit far from the underlying's price (our current read has it at a steep discount to spot ether). Exposure through a synth is exposure to the synth's own liquidity and redemption mechanics first. If you want ETH on Base, bridged or wrapped ETH is the honest instrument; this is a different product.
FAQ
Which is bigger, ALETH or MSETH?
By tracked market cap: ALETH (Optimism) measures $20.45M and MSETH (Base) measures $51.09M — dated snapshots, not a live feed.
Which is safer, ALETH or MSETH?
On the contract checks we publish: ALETH (Optimism) grades B and MSETH (Base) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have ALETH and MSETH performed over the shared window?
Between 2026-09-21 and 2026-10-15T21:43:45, the measured snapshots show ALETH at −9.07% and MSETH at −8.86%.
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→2026-10-15T21:43:45; 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 HostDeFi product.