This is a summary of the Alchemix Q2 2025 Report, which can be found in full in the Alchemix GitBook . This report provides relevant data for Q2 2025, 1st April 2025 to 1st July 2025. The second quarter of 2025 brought many developments into the crypto space and into the Alchemix world, including the following: Alchemix experienced small increases in the alETH price relative to the ETH price and treasury valuation, a drop in protocol revenue and solid growth of global deposits.