ACA (Acala) surges 76.21% in 24 hours

Gate News report: On May 12, according to Gate market data, as of the time of publication, ACA (Acala) is trading at $0.00114. Over the past 24 hours, it has risen 76.21%, hitting a highest of $0.00149 and a low of $0.000628. The 24-hour trading volume is $594.1k. The current market cap is approximately $1.3274 million.

Acala is Polkadot’s decentralized finance network and liquidity hub. It is a layer-1 smart contract platform that is scalable, compatible with Ethereum, and optimized for DeFi, with built-in liquidity and native financial Dapps. With Acala Swap decentralized exchange, Acala Dollar decentralized stablecoin (aUSD), DOT Staking liquidity solution (LDOT), and Acala EVM+, Acala allows developers to use Ethereum’s core capabilities and the full functionality of Substrate. ACA is a utility token powering Polkadot’s DeFi hub.

This news is not investment advice; investors should be aware of market volatility risks.