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Axelar Price

Axelar Price(AXL)

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1 AXL ≈ USD $0.637066
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AXL
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0.1%
Kraken
0.26%
Coinbase
1.99%
$ 0.637066
-2.53%
1D
Page last updated: 2024-10-04 19:54 (UTC+0)
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Price of AXL today

The live price of Axelar is $ 0.637066 per (AXL / USD) with a current market cap of $ 510.78M USD. 24-hour trading volume is $ 27.50M USD. AXL to USD price is updated in real-time. Axelar is -2.53% in the last 24 hours with a circulating supply of 801.77M.
AXL Price History USD
Date ComparisonAmount Change% Change
Today$ -0.016537-2.53%
30 Days$ 0.105791+19.91%
60 Days$ 0.204779+47.37%
90 Days$ 0.000871+0.14%

AXL Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.618771
High: $ 0.658756
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 2.657052
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.01%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-2.53%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-11.53%
The percent change in trading volume for this asset compared to 7 days ago.

AXL Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#114
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 510.78M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 27.50M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
801.77M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 745.62M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

What Can You Do With Axelar (AXL)?

Explore how to use your cryptocurrencies with Binance.

About Axelar (AXL)

Axelar is a cross-chain communication network operating within the Web3 sphere, providing secure operations for decentralized application (dApp) developers. Its distinct feature set includes a decentralized network, protocols, tools, APIs, and gateway smart contracts for smoother cross-chain interactions. Axelar’s backbone, the proof-of-stake (PoS) consensus mechanism, ensures network security and fosters seamless bridging of disparate blockchain systems.

Devised in 2020 by Georgios Vlachos and Sergey Gorbunov, part of the original Algorand team, Axelar incorporates their experience in blockchain technology. Key investors of Axelar include Binance and Coinbase Ventures. The technology that bolsters Axelar incorporates a dynamic validator network, a far-reaching set of developer-friendly protocols and APIs, and smart contracts that initiate cross-chain transactions. This structure not only smoothens the transfer of several cryptocurrencies through their ERC-20 counterparts but also gives space for varied applications, including dApp development and decentralized finance (DeFi) solutions.

As per the project, its supposed core proposition lies in its ability to secure cross-chain communication through a PoS-based dynamic validator network, unlike projects reliant on conventional federated or optimistic security models. Combined with developer-focused tools, Axelar enables app creators to work on their preferred chains and gives users simple access to the decentralized web. Axelar aim to enhance interoperability and remove chain barriers in the evolving landscape of blockchain technology.

As Axelar aims to cement its role in facilitating effortless cross-chain functionality, it is set to widen its ecosystem through ongoing technological improvements and strategic partnerships. With its stabilities in security, interoperability, and ease of use for developers, Axelar wants to nurture the growth of the decentralized web, enabling an accessible and interconnected blockchain ecosystem.

The native token of Axelar, AXL, is utilized for network security through staking, governance participation, and facilitating cross-chain transactions and fees. The current price of AXL is available and updated in real time on Binance.

People Also Ask: Other Questions About Axelar (AXL)

  1. What is AXL Used For?

    AXL serves as the cornerstone of the Axelar network, facilitating several critical functions to maintain its robust ecosystem. Primarily, it is employed for staking, a mechanism that not only secures the network through the proof-of-stake (PoS) consensus but also incentivizes participation and good behavior among validators. Additionally, AXL is integral for governance, allowing token holders to vote on proposals and influence the future direction of the network. It also plays a pivotal role in enabling cross-chain transactions, with fees paid in AXL to support the seamless transfer of assets and information across blockchain boundaries.

  2. How Does Network Consensus and Validation Work On Axelar?

    Axelar utilizes a proof-of-stake (PoS) consensus mechanism to ensure network security and integrity. In this system, validators are chosen to confirm transactions and create new blocks based on the amount of AXL they hold and have staked. This method not only democratizes the validation process but also minimizes the potential for centralization. Validators play a crucial role in the cross-chain communication process, verifying the authenticity of transactions and messages before they are executed on the destination chain. This layered validation approach underpins Axelar's commitment to secure and efficient cross-chain interoperability.

  3. Who Is The Founder of Axelar?

    Axelar was co-founded by Georgios Vlachos and Sergey Gorbunov in 2020. Both founders have deep roots in blockchain innovation; Vlachos is noted for his work in designing the Algorand consensus protocol, while Gorbunov contributed significantly to the standardization of BLS signatures, a foundational element adopted by Ethereum 2.0 and other blockchain projects. Their combined expertise and vision for a more interconnected blockchain ecosystem have propelled Axelar to the forefront of cross-chain communication solutions.

  4. What is the Maximum and Circulating Token Supply of AXL?

    Axelar has set a maximum token supply limit of 1,136,695,635 AXL tokens. As of the latest figures, the circulating supply is 583,212,726 AXL tokens.

  5. What Makes Axelar Different From Others?

    Axelar is known for its proficient cross-chain communication functionalities, rendered by a network of dynamic validators that function under a proof-of-stake (PoS) system. The platform's architecture is oriented towards a decentralized solution for integrating different blockchain ecosystems, which is a contrast to other interoperability solutions that may utilize less secure or more centralized strategies. Axelar provides a range of tools and APIs designed for developers, aiming to ease the process of creating cross-chain applications and allowing developers to focus on novel methodologies instead of complexities tied to interoperability. Axelar attempts to merge security, convenience, and wide-ranging ecosystem support, underlining its intentions to facilitate seamless cross-chain transactions.

  6. How To Buy Axelar (AXL)?

    Axelar (AXL) can be purchased directly from Binance by using a debit or credit card. Axelar (AXL) can also be traded for other cryptocurrencies on Binance. Live Axelar price is updated in real-time on Binance. AXL price and purchase information is available for users to read on our How to Buy Axelar (AXL) Guide.

  7. How Much Will Axelar (AXL) Be Worth in Future?

    Check out our AXL Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

AXL to Local Currency

FiatPriceOperation
1 AXL to TRY$ 0.637066
1 AXL to RUB$ 0.637066
1 AXL to EUR$ 0.637066
1 AXL to AED$ 0.637066
1 AXL to AUD$ 0.637066
1 AXL to BRL$ 0.637066
1 AXL to VND$ 0.637066
1 AXL to IDR$ 0.637066
Last updated 2024/10/04 07:54 (UTC)

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