Acala (ACA) offers a cross-chain DeFi hub with stablecoin, DEX, and liquidity protocol. More
| Fully Diluted Valuation | $45.97M |
|---|---|
| 24H Trading Volume | $3.98M |
| 24H Low / High | $0.03 / $ 0.03 |
| Circulating Supply | 1.17B |
| Total Supply | 1.60B |
| Max Supply | 1.60B |
| Categories | Coinbase Ventures Portfolio 5 more |
|---|---|
| Founder | Ruitao Su 1 more |
| Website | acala.network |
| Socials | 3 more |
| Explorer | Subscan |
| Name | Pair | OG Score |
|---|
Acala (ACA): Building a Decentralized Finance Hub on Polkadot
Acala (ACA) is a decentralized finance (DeFi) platform founded in 2019 by Ruitao Su and Bryan Chen. The platform is built on Substrate, the framework for building blockchain networks on Polkadot, with the aim of creating a cross-chain open financial hub.
Features and Services
Acala offers a range of financial applications, including a stablecoin, decentralized exchange (DEX), and liquidity protocol. The stablecoin, aUSD, is designed to be stable and decentralized, backed by a basket of diversified assets. The DEX allows for decentralized trading of cryptocurrencies, while the liquidity protocol enables users to earn rewards by providing liquidity to the platform.
Interoperability and Ecosystem
Acala is built on Polkadot, which enables cross-chain interoperability with other chains in the Polkadot ecosystem. This interoperability allows Acala to leverage the security and scalability of the Polkadot network while also connecting to other chains to expand its ecosystem.
Partnerships and Backers
Acala has received backing from several prominent investors and partners, including Polychain Capital, Coinbase Ventures, and Pantera Capital. These partnerships provide Acala with the resources and support needed to further develop its platform and expand its reach.
Acala (ACA) is a promising project in the DeFi space, offering a range of financial applications and services on the Polkadot network. With its focus on interoperability, stability, and decentralization, Acala is well-positioned to become a key player in the evolving DeFi ecosystem.
Acala offers a cross-chain DeFi hub on Polkadot with a stablecoin, DEX, and liquidity protocol, providing comprehensive financial services.
Acala was founded by Ruitao Su and Bryan Chen in 2019.
Acala has received backing from prominent investors and partners, including Polychain Capital, Coinbase Ventures, and Pantera Capital.
You can buy Acala (ACA) on Binance, MEXC, Bitget, Gate.ioOKX cryptocurrency exchanges.
Join
OGAudit
