Axelar Price (AXL)

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What is Axelar Axelar powers the interchain future. Axelar is a programmable blockchain interoperability layer that spans all of Web3. That means application users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus.

What Makes Axelar Unique?

Most cross-chain solutions are bridges, which carry risk in the form of wrapped tokens and weak security. Axelar is a blockchain that connects blockchains, providing a programmable interchain layer that is Turing-complete: it can support any logic. As such, Axelar delivers features other cross-chain providers cannot duplicate. For example, Axelar supports: - General Message Passing (GMP), allowing applications to compose functions across ecosystems, including Cosmos-EVM. - A full-featured block explorer, Axelarscan, with metrics to track interchain growth and activity. - One-time cross-chain deposit addresses that allow decentralized applications to onboard any token, with UX to rival that of centralized exchanges. - Axelar is built on proof-of-stake, the decentralized approach used by many of the chains it connects.Most other solutions are permissioned multisigs. History of Axelar Axelar was founded in 2020 by Algorand veterans Sergey Gorbunov and Georgios Vlachos. The white paper, released in 2021, pioneered ideas like arbitrary message passing cross-chain. Axelar's backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. In February, 2022, the network launched to mainnet. Since then, Axelar has integrated 36+ blockchains, including Cosmos and EVM. About 100 projects are building on top of the network from multiple ecosystems.

What’s Next for Axelar In February, 2023, at the Axelar-hosted Interop Summit at ETHDenver, Axelar announced the upcoming release of the Axelar Virtual Machine. Powered by Cosmwasm, the Axelar Virtual Machine turns interoperability into a programmable layer. It enables developers to write smart contracts on Axelar, while scaling their interchain deployments and “programming” the cross-chain networking layer.

What Can Axelar's Native Token ($AXL) be Used For?

To provide secure interoperability, Axelar network uses battle-tested proof-of-stake consensus. Network validators produce new blocks, participate in multiparty signing and vote on external chain states. As such, the native token $AXL has three important roles: 1) Tokenholders stake $AXL, delegating tokens to a validator’s staking pool and receiving rewards, minus the validator’s commission. 2) $AXL is used for governance, allowing stakers to exercise governance over proposals, such as a parameter change or protocol upgrade. 3) $AXL is used to pay network transaction fees to validators and tokenholders, but users of the Axelar network do not need to hold the token. Conversions into $AXL tokens and destination-chain tokens are handled on the back end via smart-contract logic, so that users need only pay gas once, in the source-chain token. To learn more about Axelar, please check out the following articles: The AXL Token & the Interchain Future

What Is General Message Passing and How Can It Change Web3?

These Growth Metrics are Replacing TVL on Axelar & Across the Interchain

What is the current price of Axelar?

The live price of Axelar (AXL) is $0.113497 USD. This real-time valuation is updated continuously and aggregates pricing from major global exchanges to ensure you see an accurate market rate.

How is Axelar positioned in the market?

Axelar currently sits at market rank #367, supported by a market capitalization of $122980704. This ranking is influenced by liquidity depth, overall investor demand, and the circulating token supply.

What is the circulating supply of AXL?

The circulating supply of AXL is 1082733430.246405 tokens, representing the amount available in the open market. This number plays an important role in determining market valuation, scarcity, and long-term inflation dynamics.

What is the 24-hour price range of Axelar?

During the last 24 hours, Axelar traded within a range of $0.109775 (24-hour low) and $0.116592 (24-hour high). This volatility range helps traders understand short-term momentum and market unpredictability.

How far is Axelar from its All-Time High and All-Time Low?

Axelar reached an all-time high of $2.64, while the lowest recorded price (ATL) is $0.106074. These historical benchmarks allow traders to evaluate long-term price potential and cycles.

How active is AXL trading today?

Trading volume over the past 24 hours is $--, reflecting current market participation. Higher volume often indicates stronger investor interest and deeper market liquidity.

What influences the recent trend direction for Axelar?

The current price movement of -2.47% over the last 24 hours is shaped by market sentiment, trading activity, macroeconomic factors, and ecosystem-specific updates related to Infrastructure,BNB Chain Ecosystem,Avalanche Ecosystem,Polygon Ecosystem,Fantom Ecosystem,Arbitrum Ecosystem,Moonbeam Ecosystem,Ethereum Ecosystem,Optimism Ecosystem,Interoperability,Bridge Governance Tokens,Base Ecosystem,Osmosis Ecosystem,Cross-chain Communication,Secret Ecosystem,Galaxy Digital Portfolio,Polychain Capital Portfolio,Made in USA. Sudden increases in volume can also act as catalysts for sharp price movements.