Rank #234

WebSite :
Whitepaper : No data
Domain Age : Registered over 3 years ago

  • 24 hours


  • 30 days


  • ATH


Axelar Ratings Score

Last score update : 12 hours ago

Axelar Price live today

Axelar (AXL) is currently trading at 0.445191 USD and with a circulating supply of 279,644,373 AXL.
Its market capitalization is 124,464,182 USD.
AXL price has moved -0.05% in the last 24 hours, with 3,656,946 USD worth of AXL traded on various exchanges.
Axelar currently ranks #234 in cryptocurrency rankings based on market capitalization.

About Axelar (AXL)

Axelar delivers secure interchain communication. That means dApp 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.

Axelar is a blockchain that connects blockchains. To do this securely, Axelar network uses proof-of-stake consensus. Network validators produce new blocks, participate in multiparty signing and vote on external chain states. Tokenholders stake the AXL token, delegating tokens to a validator’s staking pool and receiving rewards, minus the validator’s commission.

The AXL token is used for governance and to pay network transaction fees to validators and tokenholders. However, 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, so that users need only pay gas once, in the source-chain token.

Axelar network rewards are “inflationary” — they increase the total supply of AXL — but there is potential for supply to become deflationary based on the transaction fee mechanic described above.