Acala Price Data
Acala (ACA)
currently has a price of
£0.00028
and is
up
5.00%
over the last 24 hours. The cryptocurrency is ranked
3865
with a market cap of
£327.8k.
Over the last 24 hours, it saw
£19.3k
of trading volume. The token has a circulating supply of
1.2B
tokens out of a total supply of
1.6B
tokens.
Acala is a decentralized financial platform built on Polkadot that provides a stablecoin platform and decentralized exchange for the multi-chain ecosystem. It offers various DeFi services, including lending, borrowing, and earning interest on crypto assets. A notable feature of Acala is its interoperability, allowing seamless asset transfer across different blockchains, reducing transaction fees and processing times. Acala's stablecoin, aUSD, is pegged to the US dollar and backed by major cryptocurrencies, providing stability in the volatile cryptocurrency market.
