Rank #154
axl Axelar
$ 0.4956
0.00%
0.058365 BTC
836 satoshies0.00%
Market Cap
383,86 MLN. $
24 Hour Trading Vol
10,19 MLN. $
Circulating Supply
774,55 MLN.
Total Supply
1,16 BN.
Max Supply
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Fully Diluted Valuation
555,77 MLN. $
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About Coin
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.
Where is Axelar available for purchase?
You can exchange AXL tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Axelar is Binance, notably the AXL/USDT pair, which saw a trading volume of $ 1,61 MLN. in the past day. Additionally, HTX and BloFin are popular alternatives for trading tokens.
What is the highest value Axelar (AXL) has ever reached?
Axelar (AXL) reached its peak price at 2.64 $ on 01 March 2024, approximately 6 months ago ago. Presently, the current price is -81.22% lower than this all-time high.
What is the historical minimum price for Axelar (AXL)?
The minimum price reached for Axelar (AXL) was 0.3129 $, documented on 26 October 2023, more than 10 months ago. In comparison, the current price is 58.38%, it above this historical low.
What is the fully diluted valuation of Axelar (AXL)?
The fully diluted valuation (FDV) of Axelar (AXL) stands at $ 555,77 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of AXL tokens. The realization of this FDV might take several years depending on the emission schedule of AXL tokens.
How to add Axelar (AXL) to MetaMask?
By integrating Axelar (AXL) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import AXL as a token. You can either manually import AXL by copying its contract address (0x8b1f4432f943c465a973fedc6d7aa50fc96f1f65) or use MetaMask's Chrome extension to add AXL with a single click through Pirate.Place.
How to add Axelar (AXL) to TrustWallet?
Incorporating Axelar (AXL) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include AXL, you can either manually import it using the contract address (0x8b1f4432f943c465a973fedc6d7aa50fc96f1f65) or conveniently add it to Trust Wallet with just one click via Pirate.Place if you've installed Trust Wallet's Chrome extension.
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