Acala Is The All-In-One DeFi Hub Of Polkadot

Published on: 22.06.2021

Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.

-Stable Currency
Multiple-asset-backed decentralized digital currency without volatility. Stable by design, aUSD enables borderless and low-cost value transfer globally across all connected blockchains.

-Staking Liquidity
Release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network.

-Powered by Polkadot
Acala Network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability.

-Influence by Ownership
A decentralized network governed entirely by Acala Network Token (ACA) holders to achieve a transparent future: a future based on more truth and less trust.

Market Stats:
BTC Dominance: 60.14%(-0.09%/24h)
ETH Dominance: 10.18%(-0.06%/24h)
Defi Market Cap: $0B(-2.64%/24h)
Total Market Cap: $2634.11B(-2.66%/24h)
Total Trading Volume 24h: $98.02B(-6.52%/24h)
ETH Market Cap: $0B
Defi to ETH Ratio: 0%
Defi Dominance: 0%
Altcoin Market Cap: $1049.9B
Altcoin Volume 24h: $59.95B
Total Cryptocurrencies: 37518
Active Cryptocurrencies: 8441
Active Market Pairs: 114236
Active Exchanges: 941
Total Exchanges: 12144
BTC: 79089$(-0.03%/1H)
ETH: 2220.76$(-0.06%/1H)
AVAX: 9.52$(0.07%/1H)
BNB: 673.41$(0.08%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.26$(0.1%/1H)
DOT: 1.31$(-0.23%/1H)
UNI: 3.6$(-0.09%/1H)
CAKE: 1.49$(-0.04%/1H)
SUSHI: 0.22$(0.15%/1H)
ONE: 0$(0%/1H)