ACA Coin: The Ecological Governance Token of Acala
ACA is the native token of the Acala network, which is a parachain in the Polkadot ecosystem focused on DeFi and is often referred to as the DeFi hub of Polkadot.
The project launched at the end of 2021 through Polkadot slot auctions, primarily featuring the stablecoin aUSD (later renamed Acala Dollar), cross-chain assets, lending, and DEX one-stop services.
In simple terms, ACA is mainly used for governance voting, paying network transaction fees, staking as collateral for the parachain, and can also participate in liquid staking to earn extra returns. Users can stake DOT to Acala to mint LDOT, allowing them to continue participating in Polkadot's security while engaging in lending, farming, and other activities in Acala DeFi, achieving multiple benefits. The ecosystem also includes sub-projects like Taiga (an institutional-grade stablecoin protocol) and Tapio.
In 2022, aUSD once severely de-pegged, leading the project to urgently pause and roll back, causing the ACA price to plummet from over $2 to around $0.1, significantly shaking community confidence. The team later implemented corrections, compensation, and enhanced risk control, gradually stabilizing the situation.
By the end of 2025, the ACA price is expected to be around $0.15-0.2, with a market cap of over $100 million and a TVL of several tens of millions, ranking in the mid-tier of the Polkadot ecosystem. It is mainly traded on Acala's own Swap, StellaSwap, or on Kraken and Binance. The advantages include smooth cross-chain transactions within Polkadot, low fees, and innovative liquid staking; the drawbacks include the lingering black history of de-pegging and fierce competition (like Moonbeam and HydraDX), with general liquidity in bear markets.
If you are optimistic about Polkadot's long-term prospects, ACA is considered a core ecological token, with decent staking returns, suitable for medium to long-term holding. However, avoid heavy positions, keep an eye on the renewal of Polkadot slots and the recovery of DeFi, check acala.network for the latest TVL and roadmap before deciding whether to invest.
$ACA
{spot}(ACAUSDT)