WHAT IS (ACX)?
Across Protocol (ACX) is a cross-chain bridge designed to facilitate efficient and secure transfers of assets between different blockchain networks. It leverages UMA's optimistic oracle to verify transfers, ensuring a balance between speed and security. The protocol is designed to optimize capital efficiency through a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model.
Key Features of Across Protocol (ACX):
- Cross-Chain Transfers: Enables users to move assets seamlessly between various blockchain networks, enhancing interoperability within the crypto ecosystem.
- Optimistic Oracle Integration: Utilizes UMA's optimistic oracle to confirm transactions, providing a secure and efficient verification process.
- Capital Efficiency: Employs a single liquidity pool and a competitive relayer system to optimize capital utilization and reduce costs for users.
- Governance Token (ACX): ACX serves as the governance token for Across Protocol, allowing holders to participate in decision-making processes. Additionally, ACX incentivizes liquidity providers and participants in the Across Referral Link program.
Market Data:
- Price: As of January 4, 2025, ACX is trading at approximately $0.6416 per token.
- Market Capitalization: The market cap is around $213 million, reflecting the total value of ACX tokens in circulation.
- Trading Volume: The 24-hour trading volume is approximately $38 million, indicating active market participation.
- Circulating Supply: There are about 332 million ACX tokens in circulation, with a maximum supply of 1 billion tokens.
Considerations:
- Market Volatility: As with many cryptocurrencies, ACX's price can be volatile, and investors should exercise caution.
- Ecosystem Development: The value and utility of ACX are closely tied to the growth and adoption of the Across Protocol and its cross-chain services.
- Competition: Across Protocol operates in a competitive landscape, facing challenges from other cross-chain solutions offering similar services.
Conclusion:
Across Protocol (ACX) is a cross-chain bridge aiming to provide efficient and secure asset transfers between blockchain networks. With its integration of UMA's optimistic oracle and focus on capital efficiency, it presents a compelling solution for cross-chain interoperability. Potential investors should conduct thorough research and consider the associated risks before engaging with ACX tokens.
For more information, you can visit the official Across Protocol website: [https://across.to/](https://across.to/)
Additionally, ACX tokens can be traded on various centralized crypto exchanges, with Binance being one of the most popular platforms for ACX/USDT trading.
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