Binance is a leading international chain block digital asset trading platform, it provides a wide range of digital currency for global trading, incubation chain of education, the block chain, chain assets distribution platform, the block chain institute and block chain services of charity, the user covers more than 190 countries and regions in the world, with 1.4 million single/s core memory set technology, is one of the fastest encryption global currency trading platform, is also one of encryption currency trading volume of the world's biggest platform.
Binance always insists on putting users' interests in the first place and is committed to providing a secure, fair, open and efficient trading environment for digital assets of the blockchain. Meanwhile, it takes the blockchain as the core to establish an all-round blockchain ecosystem.

Acala Network

Acala is the first decentralized financial alliance based on Polkadot, aiming to join Polkadot ecosystem to create an open financial framework that brings financial stability, liquidity and accessibility to crypto assets. At present, core infrastructure modules such as staboin protocol for cross-chain multi-asset mortgage, liquidity release protocol for pledged assets and decentralized exchange have been launched, as well as a self-developed Ethereum-compatible smart contract module, aiming to improve the ecological interoperability of Acala. In addition, Acala has received official financial support from Web3 Foundation and received investment from several well-known global organizations including Polychain, Pantera, ParaFi, etc. 
 The Acala main network launching process is consistent with Polkadot launching process. In order to better test the main network functions, Acala also launched the experimental pilot network Karura with economic value. Its underlying code is consistent with the Acala main network, and all functions of the main network will be launched in Karura first. Compared to Acala, the tempo is faster and the style of play is more flexible. 
AcalaNetwork(ACA coin) is the financial center of Polkadot, whose research focuses on decentralized financial protocol and mechanism design, sub-chain economic modeling and governance. By providing key financial primitives, including decentralized Stablecoin, du note derivatives, and DeX, AcalaNetwork powers open finance across blockchain (DeFi) applications on Polkadt and other platforms. 
 The project aims to issue AcalaDollar(aUSD), a decentralized decentralized stablecoin that allows users to send and receive US dollars via any blockchain connected to the Polkadt network. The project is also designed to release the underlying assets (DOTs) as fungable and liquid assets (L-DOTS), extract the derivative value of the underlying assets, and fuel DeFi without sacrificing overall network security. The Acala network is protected under Polkadot's shared security model, ensuring high resiliency and fork-free upgrade capabilities. The distributed network is entirely managed by ACA token holders to achieve a bright future: a future based on more truth and less trust.

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Network and token freeze after Acala exploit raises questions

Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvYzkwYWJkMzAtNzI1Ni00MjNlLWI2YzktYWFmZThkOGMxMzkxLmpwZw==.jpg

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	ACA/USDT	0.05120000	-1.54%	$586,128.46	14.7432%	2024-11-05 04:08:51
2	Binance	2	Binance	ACA/TRY	1.7570	-2.71%	$71,287.29	1.7931%	2024-11-05 04:05:53
3	MEXC	3	MEXC	ACA/USDT	0.05102000	-1.7%	$64,046.82	1.6110%	2024-11-05 04:09:05
4	Bitget	4	Bitget	ACA/USDT	0.05113000	-1.48%	$43,189.56	1.0864%	2024-11-05 04:09:03
5	CoinW	5	CoinW	ACA/USDT	0.05116000	-1.65%	$38,660.84	0.9725%	2024-11-05 04:07:59
6	BingX	6	BingX	ACA/USDT	0.05100000	-1.73%	$31,392.81	0.7896%	2024-11-05 04:08:17
7	OKX	7	OKX	ACA/USDT	0.05089000	-2%	$25,483.12	0.6410%	2024-11-05 04:09:06
8	Gate.io	8	Gate.io	ACA/USDT	0.05108000	-2.13%	$6,439.18	0.1620%	2024-11-05 04:08:00
9	Binance	9	Binance	ACA/BTC	0.00000074	-2.63%	$4,719.3	0.1187%	2024-11-05 04:08:38
10	Crypto.com	10	Crypto.com	ACA/USD	$0.0517	-0.98%	$1,960.75	0.0493%	2024-11-05 04:07:34
11	Kraken	11	Kraken	ACA/USD	$0.049	-5.77%	$807.62	0.0203%	2024-11-05 04:02:38
12	OKX	12	OKX	ACA/USDC	0.05000000	-3.85%	$103.16	0.0026%	2024-11-05 04:09:06

	Volume(24H)	Trading Percent
OKX	OKX	$25,586.28	1.2902%	Visit
Binance	Binance	$662,135.04	33.3891%	Visit
Kraken	Kraken	$807.62	0.0407%	Visit
Gate.io	Gate.io	$6,439.18	0.3247%	Visit
Crypto.com	Crypto.com	$1,960.75	0.0989%	Visit
Bitget	Bitget	$43,189.56	2.1779%	Visit
MEXC	MEXC	$64,046.82	3.2296%	Visit
BingX	BingX	$31,392.81	1.5830%	Visit
CoinW	CoinW	$38,660.84	1.9495%	Visit
BitMart	BitMart	$86,292.39	4.3514%	Visit
HTX	HTX	$195,233.11	9.8449%	Visit

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