Although cryptocurrencies are in a downtrend, cryptocurrencies in the Polkadot ecosystem have started to recover slightly with the news and experienced increases between 10% and 60%.
The rise of Polkadot parachains indicates that certain altcoins will start to rise, according to some commentators.
Polkadot parachains 32.5 million DOTs Acala, the crypto currency selected as the 1st, by collecting 250 million dollars launched the stablecoin project (aUSD). This project is one of the launches of the Polkadot ecosystem. It was the first stablecoin.
Also Acala NetworkLCDOT/DOT, LCDOT/aUSD, ACA/aUSD and aUSD/LDOT to liquidity providers in will distribute 1 million ACA explained.
Acala’s native cryptocurrency ACA on May 24to 31% had risen.
Second winner of Polkadot’s auctions for parachains Moonbeam (GLMR), It is an Ethereum compatible smart contract parachain on Polkadot.
Interoperability with the Ethereum network is a sought-after feature in most decentralized applications (dApps). GLMR benefited from this workability with the adoption of version 3 of Uniswap on May 24. Uniswap, one of the most used decentralized exchanges, will be accessible to Moonbeam users. Price of GLMR with announcement 1.48, up 29% dollars and 24-hour trading volume 106% artIhe lived.
Astar Network, the 3rd winner of Polkadot parachains with nearly 11 million DOT collected, announced on May 24 that it has partnered with Microsoft for its stablecoin AstridDAO. Price of ASTR after partnership announcement up 61% to $0.0888 rose.
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