About Acala Token
Acala Token (ACA) is a cryptocurrency . Acala Token has a current supply of 1,600,000,000 with 1,166,666,660 in circulation. The last known price of Acala Token is 0.02884152 USD and is down -1.26 over the last 24 hours. It is currently trading on 68 active market(s) with $11,426,938.38 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
5
Market Stats
Market Cap
€30.16M
FDV
€41.36M
Circ. Supply
1.2B ACA
Max Supply
Not enough data
Total Supply
1.6B ACA
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
€12.57M
186.54%
Volume (7D)
€47.96M
Volume (30D)
€381.02M
All time high
€2.05
Price Change (1Y)
-67.24%
Additional info about Acala Token
Recent trends
The latest ACA price is €0.0258. Compared to Acala Token's value of €0.03 from 24 hours ago, there's been a 0% increase, while the current price is -4% down from €0.03 which was recorded one week ago. Acala Token's all time high is €2.05, which was reached on January 25, 2022. This is a -99% change from its price today.
The market cap is currently €30.16M, which is a result of multiplying the current price of Acala Token(€0.03) by the total supply(1,600,000,000 ACA). The fully diluted valuation of Acala Token is €41.36M. The diluted valuation of Acala Token is €41.36M.
Market details
ACA vs markets
↘ 75.33%
ACA vs BTC
↘ 78.48%
ACA vs ETH
↘ 51.72%
Tags
defi
substrate
polkadot
spartan-group
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | €0.0258 | ↗ 0.44% |
1 Day | €0.0257 | ↗ 0.44% |
1 Week | €0.0269 | ↘ 3.54% |
1 Month | €0.0280 | ↘ 6.32% |
1 Year | €0.0834 | ↘ 67.24% |
FAQ
Acala Token (ACA) is the native token of the Acala Network, a decentralized, cross-chain stablecoin and liquidity blockchain. The network strives to provide infrastructures for HyFi (DeFi+CeFi) solutions with crypto and real-world assets. Acala provides a Universal Asset Hub that hosts multichain liquid staking token (LST) protocols, a decentralized exchange, and an app platform that is EVM-compatible and highly customizable. The Acala Network uses Polkadot for security and aims to serve as a liquidity gateway for Polkadot parachains and L1/L2 blockchains. The ACA token serves multiple purposes within the network, including being a reserve asset to generate the Acala stablecoin (aUSD), a governance token to regulate stablecoin price by adjusting risk parameters, and the transaction fees token of the network.
The Acala Token (ACA) operates within the Acala Network, a blockchain platform that uses a multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The ACA token is one of the reserve assets used to generate the Acala stablecoin (aUSD). The network employs a dynamic system of Collateralized Debt Position (CDPs), on-chain liquidator, Oracle Quality of Service, market arbitrage incentives, and risk management mechanisms to create a stablecoin that robustly tracks the dollar in varied market conditions. The ACA token also serves as a governance token, allowing holders to regulate the stablecoin price by adjusting risk parameters such as interest rate. Additionally, ACA is used to pay transaction fees within the network.
The Acala Token (ACA) has several potential use cases within the Acala Network. As a reserve asset, it is used to generate the Acala stablecoin (aUSD), providing a stable currency for users to spend, trade, and access other services without price volatility. As a governance token, ACA allows holders to regulate the stablecoin price by adjusting risk parameters, giving them a say in the network's operation. ACA is also used to pay transaction fees within the network, facilitating the smooth operation of transactions. Furthermore, the Acala Network strives to provide infrastructures for HyFi (DeFi+CeFi) solutions, potentially expanding the use cases for ACA in the future.
The Acala Network, and by extension the Acala Token (ACA), was developed with the aim of building a liquidity layer for web3 finance. The network strives to provide infrastructures for HyFi (DeFi+CeFi) solutions with crypto and real-world assets. The Acala Network uses Polkadot for security and aims to serve as a liquidity gateway for Polkadot parachains and L1/L2 blockchains. The Acala Network has expanded over time, adding decentralized protocols, applications, and parachains, which aim to enhance the utility of the ACA token. The network has also been building an on-chain Treasury of DOTs (network-controlled-value) to ensure it is self-sustainable, contributing to the fixed supply and non-inflationary nature of the ACA token.
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The current market cap of Acala Token is €30.16M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Acala Token is €2.05. This all-time high is highest price paid for Acala Token since it was launched.
Over the last 24 hours, the trading volume of Acala Token is €12.57M.
Assets that have a similar market cap to Acala Token include GameStop (gamestop-coin.vip), Gains Network, Strike, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Acala Token is 1.2 billion.
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