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AXL
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USD
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
2.66% | 22.68% | 10.57% | 39.55% | 25.44% | 0.95% |
1h | 24h | 7d | 30d | 60d | 90d |
---|---|---|---|---|---|
2.66% | 22.68% | 10.57% | 39.55% | 25.44% | 0.95% |
1
AXL
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USD
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1
Price has decreased by -41.13% in the last 1 year.
The number of green days in the last 30 days is 13 which is 44%.
The circulating supply has yet to be published.
Has high liquidity with 0.04038 volume to market cap ratio. The current market cap is $570.03M while the 24-hour volume is $23.02M
Year | Q1 | Q2 | Q3 | Q4 | Total |
---|---|---|---|---|---|
2022 | - | - | -12.85% | -23.44% | -33.28% |
2023 | 17.55% | -35.41% | -13.59% | 250.79% | 130.16% |
2024 | 74.16% | -69.20% | |||
Average | 45.85% | -52.30% | -6.79% | 113.67% | 48.44% |
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.
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.
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.
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:
Axelar (AXL) tokens can be purchased on numerous exchanges, including Coinbase, Kraken, Uniswap v3, Huobi, KuCoin, and more.
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.
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.
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.
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.
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.
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.
The current price of the Axelar(AXL) is $0.70, with a current market cap $570,025,051.12.
AXL is a ticker symbol of the Axelar.
At the movement,808.8M Axelar tokens are already in the market out of 1.17B AXL.
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).
No, It is not a stablecoin.
Axelar had an all-time low of $0.31.
Axelar had an all-time high of $2.66.
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.
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.
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 .
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 | $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 | - |