YALA (Yala) has pumped 95.45% in the last 24 hours.

Gate News Bot message, August 8, according to CoinMarketCap data, as of the time of writing, YALA (Yala) is currently priced at 0.39 USD, having risen 95.45% in the last 24 hours, with a high of 0.40 USD and a low of 0.17 USD. The current market capitalization is approximately 95.55 million USD, an increase of 46.7 million USD compared to yesterday. Currently, YALA ranks 389th in global Crypto Assets market capitalization.

Yala is a platform that mints $YU stablecoins by over-collateralizing Bitcoin, aimed at unlocking the liquidity of Bitcoin in the DeFi, real asset, and global payment sectors. Yala offers true autonomy: self-custody, low liquidation risk, and full Bitcoin exposure. The project is committed to providing new earning opportunities for Bitcoin holders through a flywheel effect driven by long-term Bitcoin demand, liquidity, adoption, and growth.

Important news about YALA recently:

1️⃣ Gate launches YALA perpetual contract, enhancing trading flexibility Gate will launch YALA/USDT perpetual contract spot trading on August 7, 2025. The newly launched contract supports 1-20x leverage for long and short trading, with a funding rate settlement period of 4 hours. This initiative provides YALA traders with more trading strategy options, helping to improve market liquidity and price discovery efficiency.

2️⃣ YALA perpetual contract launch drives price pump The announcement of the launch of Gate perpetual contracts has led to a significant rise in the price of YALA. In 24 hours, the price increased by 95.45%, rising from a low of $0.17 to $0.39, with a peak of $0.40. This indicates an increase in market demand for trading YALA, and investors are optimistic about its future development prospects.

3️⃣ Market capitalization significantly rises, ranking improves Affected by the price pump, the market capitalization of YALA increased by 46.7 million USD within 24 hours, reaching 95.55 million USD. The global Crypto Assets market capitalization ranking rose to 389th place, indicating that the project's market recognition is improving.

YALA, as a platform that mints stablecoins through over-collateralized Bitcoin, may have its price trends influenced by the performance of the Bitcoin market. Investors should closely monitor the overall Crypto Assets market dynamics when paying attention to YALA, especially the price fluctuations of Bitcoin.

This message does not constitute investment advice, and investment should be made with caution regarding market volatility risks.