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: 57.85%(-0.19%/24h)
ETH Dominance: 13.63%(-0.03%/24h)
Defi Market Cap: $150.86B(-52.37%/24h)
Total Market Cap: $3820.49B(+0.06%/24h)
Total Trading Volume 24h: $158.19B(+9.28%/24h)
ETH Market Cap: $520.88B
Defi to ETH Ratio: 28.96%
Defi Dominance: 3.85%
Altcoin Market Cap: $1610.25B
Altcoin Volume 24h: $99.7B
Total Cryptocurrencies: 35957
Active Cryptocurrencies: 9537
Active Market Pairs: 108927
Active Exchanges: 848
Total Exchanges: 10951
BTC: 110958.5$(-0.17%/1H)
ETH: 4314.35$(-0.14%/1H)
AVAX: 24.38$(-0.21%/1H)
BNB: 859$(0.45%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.83$(-0.12%/1H)
DOT: 3.88$(0.3%/1H)
UNI: 9.36$(-0.27%/1H)
CAKE: 2.39$(-0.02%/1H)
SUSHI: 0.75$(-0.38%/1H)
ONE: 0.01$(-0.11%/1H)