alETH/USD price feed
alETH is a synthetic ether: it is minted against deposits in a lending system rather than issued for staked coins. That origin shapes its market, because supply appears when people borrow rather than when people stake.
Aggregate on-chain rate: hourly view of the last 3 days. The API itself updates block by block. Request API access
Book composition · auto-observed
The lead pool carries the biggest single share at the moment, with the balance spread across pools on more than one chain.
A borrowed ether, priced on its own
A synthetic like this is a claim that can always be repaid at par inside its own system, while trading wherever it likes outside of it. The open market has historically kept it below one ether for long stretches, which is what a redemption route without urgency looks like.
That distance is the number worth watching. It prices how much the market discounts a claim that is honest but slow, which no listing that rounds to par can show.
The rate here is read from the venues that trade it, at the resolution where that distance is visible.
Who runs on this rate
Desks holding synthetic collateral
A claim redeemable at par can still trade away from it; positions mark at the traded level.
Protocol teams monitoring their own token
A continuous external reading of the discount is evidence no internal figure can provide.
Where the alETH market lives
Active alETH/USD pools per chain, as observed by the feed on 2026-10-27.
alETH in the catalog
3 pairs, each computed from its own pools with the same methodology:
Category overview: liquid staking token prices → · Full catalog: coverage →