๐ #Acala Buzz Episode 10 Recap: Exciting Updates & Bullish Trends!
Travis is back with the 10th episode of Acala Buzz! ๐ Here's everything you need to know:
๐ Bridge Updates
- Portal Bridge: Back online for bridging out! Around 26โ28 stuck transactions are being resolved, and updates will follow soon.
๐ Meme Coin Proposal (Nemo):
- Inspired by "Finding Nemo," it embraces meme culture in the crypto world.
- 99% of its 1 billion supply will be added to an ACA/Nemo LP pool.
- 1% set for community incentives like airdropsโdetails coming soon!
- Join the discussion on the Acala Forum and share your thoughts!
๐ Ecosystem & Market Insights
- TVL & Market Cap Correlation: ACA market cap aligns closely with TVL, which currently stands at $105M.
- Polkadot Synergy: Bullish ecosystem growth with $DOT up 37% and $ACA up 48% in the last month.
- DOT Inflation Update: Reduced from 15% to 8%, potentially boosting market dynamics.
๐ค Partnerships
- Alluvial: Raised $22.5M to advance institutional adoption of Liquid Staking Tokens, including Acala's LDOT. This could bring significant liquidity and attention to the Acala ecosystem.
๐ Ambassador Program
- The first month of the revamped program is wrapping up with tremendous participation! Ambassadors are creating content, supporting users, and contributing to the community.
- Rewards include direct ACA for top performers and a lottery pool of $3,300+ in ACA for others.
๐ Donโt Miss It!
Stay tuned as Acala gears up for a bright future with bullish trends, exciting governance proposals, and new opportunities for growth.
๐ก Catch all the details in Episode 10 of Acala Buzz and join the conversation!
