coin image

Axelar PriceAXL

111
Token
$0.70 22.68%
0.0000111 BTC16.12%0.000286 ETH18.08%

Low (24h)

$0.57

$0.70

Axelar Price Today

111
Token
Market Cap
$570,025,051.12
Market Dominance
0.03%
Market Cap
$570,025,051.12
Market Dominance
0.03%
Fully Diluted Market Cap
$825,621,780.03
YTD (%)
-41.13%
Volume (24h)
$23,015,578.95
Volume / Market Cap
0.04038
Circulating Supply
808,798,791 AXL
Max Supply
-
Total Supply
808,798,791
1h24h7d30d60d90d
2.66%22.68%10.57%39.55% 25.44% 0.95%





AXL to USD

coin image AXL

1

AXL

=

USD

Axelar Risk Analysis

1

2

1

Axelar (AXL) Markets


Axelar Quarterly Returns

YearQ1Q2Q3Q4Total
2022---12.85%-23.44%-33.28%
202317.55%-35.41%-13.59%250.79%130.16%
202474.16%-69.20%
Average45.85%-52.30%-6.79%113.67%48.44%

Introduction to Axelar

Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools, and APIs. Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity.

Powered by a decentralized network of validators, anyone can join the network, build on it, or use it. App builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via a proof-of-stake (PoS) consensus mechanism.

AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).

Meanwhile, Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital and others.

Axelar is able to achieve its interoperability through a process known as General Message Passing (GMP). With GMP, instead of needing to wrap/unwrap tokens, call functions are executed on the source chain and sent through an Axelar Gateway (which acts as a translator), which is then approved and then subsequently executed on the destination chain.

 

Who Are the Founders of Axelar?

The blockchain platform was launched in 2020 by Georgios Vlachos and Sergey Gorbunov, both part of the founding team at Algorand. While Georgios designed the Algorand consensus protocol, Sergey led the effort to standardize BLS signatures, a standard that is now adopted as a draft in CFRG and was followed by Ethereum 2.0 implementations and others.

Sergey is an assistant professor at the University of Waterloo in Canada.

 

What Makes Axelar Unique?

One thing that sets Axelar apart is its secure cross-chain communication over a dynamic validator. While a handful of projects are using optimistic setups and federated multi-sig, Axelar claims to be the only network building these capabilities on Proof-of-Stake.

Furthermore, the blockchain project has built protocols, APIs, and developer tools that make it easy for application developers to build cross-chain, without the need to learn a new programming language. “Our value proposition to the developer is that they can build on the chain that best suits their use case and background, while letting their users access anything on the decentralized web, with one click,” said co-founder Georgios Vlachos.

 

What is the Circulating Supply of AXL Tokens?

Axelar has a total token supply of 1,070,075,609 AXL tokens. At the time of writing, the circulating supply is 301,937,372 AXL.

According to the company, the allocations of AXL tokens are as follows: 

  • Backers: 29.5%
  • Team: 17%
  • Company operations: 12.5%
  • Community sales: 5%
  • Community programs (incl. insurance fund): 36%.

 

Where Can You Buy Axelar?

Axelar (AXL) tokens can be purchased on numerous exchanges, including Coinbase, Kraken, Uniswap v3, Huobi, KuCoin, and more.

 

Axelar $60M Startup Ecosystem Program

In December 2022, Axelar launched a $60 million startup funding program. The initiative, which is backed by over 15 blockchain investors, seeks to accelerate the development of decentralized applications and protocols that can replace centralized exchanges (CEXs).

Dubbed the Axelar Ecosystem Startup Funding Program, the initiative is designed to “nurture a pipeline of developers building Web3 products that are better than anything on the centralized web.”

To qualify for funding, a project must be involved in safeguarding digital sovereignty, security, and privacy, working on the mass adoption of blockchain tech, or solving global problems that the centralized internet cannot address.

 

What is the All-time High for Axelar (AXL)?

The highest price paid for Axelar (AXL) is $2.64, which was recorded on Mar 01, 2024 (3 months). Comparatively, the current price is 62.24% lower than the all-time high price.

 

What is the All-time Low for Axelar (AXL)?

The lowest price paid for Axelar (AXL) is $0.3129, which was recorded on Oct 26, 2023 (7 months). Comparatively, the current price is 219.08% higher than the all-time low price.

 

How Does the Price Performance of Axelar Compare Against Its Peers?

With a price decline of -3.70% in the last 7 days, Axelar (AXL) is underperforming the global cryptocurrency market which is up 4.30%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies.

 

How to Add Axelar (AXL) to Metamask?

Adding Axelar (AXL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you will need to import AXL as a token. You can copy AXL’s contract address (0x467719ad09025fcc6cf6f8311755809d45a5e5f3) and import it manually, or if you've installed MetaMask's Chrome extension, add AXL to MetaMask with one click on CoinGecko.

 

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. 

 

Conclusion

Given that $AXL has been spreading to more than 50 different blockchains. Axelar is one of those protocols where if blockchain tech is bullish in general, Axelar should be as well too. However, It's important for anyone interested in participating in Alexar or similar platforms to conduct thorough research and consider the inherent risks associated with investing in cryptocurrencies. Before making an investment in Alexar, be sure you are completely aware of the risks involved in the process. This material needs to be independently verified and is for your reference. It is not intended as financial advice. A financial advisor should always be consulted before making any investing decisions.

 

How Much is a One Axelar Worth Now?

The current price of the Axelar(AXL) is $0.70, with a current market cap $570,025,051.12.

What is the Axelar Stock Symbol or Ticker?

AXL is a ticker symbol of the Axelar.

How Many AXL Coins Are There in Circulation?

At the movement,808.8M Axelar tokens are already in the market out of 1.17B AXL.

How Can I Invest in Axelar?

There are many options for buying crypto, and Axelar can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Axelar. It's a quick, easy, and secure way to buy Axelar(AXL).

Is Axelar a Stablecoin?

No, It is not a stablecoin.

What Was the Lowest Price for Axelar?

Axelar had an all-time low of $0.31.

What Was the Highest Price for Axelar?

Axelar had an all-time high of $2.66.

Axelar Price Prediction

The current Axelar price is $0.70. In the last 24 hours, Axelar price has gone up by 22.68%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Axelar price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Axelar at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

Coin Converter

By exchanging AXL against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Axelar can be earned or received in various ways. AXL considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the AXL, including AXL to PHP, AXL to INR, AXL to NGN, AXL to THB, AXL to CAD, AXL to PKR, AXL to IDR , AXL to EUR , AXL to AUD , AXL to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

Would you like to know how many cryptocurrencies 1 AXL is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like AXL to BTC, AXL to SUI, AXL to NEIRO, AXL to SOL, AXL to HMSTR, AXL to PEPE, AXL to UNI, AXL to ETH, AXL to DOGS, AXL to TAO .

AXL Price Current Data

Axelar price today is $0.70 USD, which is Up by 22.68% over the last 24 hours. There has been an hourly Rise by 2.66%. Axelar's market cap currently sits at $570,025,051.12 USD, holding up for a market cap rank at #111. The volume were at $23,015,578.95 USD Axelar ranks no 111 in the market capitalization of Axelar is at $570,025,051.12 and its volume for 24 hours is $23,015,578.95. Axelar are under circulation, with total supply of 1.17B and the Maximum supply of 0.

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AXL Price Statistics

Axelar Price Live

AXL Price

$0.70

Percentage Change ( 24h )

22.68%

$0.13
24h High / Low

$0.70 /

$0.57

Trading Volume 24h

$23,015,578.95

Volume / Market Cap

0.04038

Market Dominance

0.03%

Market Rank

111

Market Cap

$570,025,051.12

Fully Diluted Market Cap

$825,621,780.03

All Time High

$2.66

73.66%
All Time Low

$0.31

123.25%
Circulating Supply

808,798,791 AXL

Total Supply

1,171,460,616 AXL

Max Supply

-