About Wrapped Axelar
WAXL is an ERC-20 token on the Ethereum blockchain that represents AXL, the native token of the Axelar network. Axelar is an interoperability solution, and provides the infrastructure needed for seamless and secure cross-chain communication among decentralized applications. WAXL tokens can be bridged to Axelar, where they can be staked to secure the network.
Buy Wrapped Axelar
Trading Insights
Buyer Ratio
Traders
13
30%
Buyers
6
100%
Sellers
7
-12.5%
Searched
3
Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
Not enough data
Performance
Popularity
#9,999,999
Dominance
Not enough data
Volume (24H)
£63.59K
-24.8%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.24
Price Change (1Y)
-39.1%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Wrapped tokens: Wrapped crypto-assets (e.g. cbETH, WBTC) (often referred to as 'wrapped tokens') are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.
Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.
Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.
Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.
Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.
Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.
Additional details
Recent trends
The price of Wrapped Axelar has decreased by 0.14% in the last hour and decreased by 1.52% in the past 24 hours. Wrapped Axelar’s price has also risen by 1.80% in the past week. The current price is £0.24 per WAXL with a 24-hour trading volume of £63.59K. Currently, Wrapped Axelar is valued at 0.52% below its all time high of £0.24. This all-time high was the highest price paid for Wrapped Axelar since its launch.
The current circulating supply of Wrapped Axelar is 0 WAXL which means that Wrapped Axelar has as total market cap of £0.00.
Market details
WAXL vs markets
↘ 67.19%
WAXL vs BTC
↘ 66.49%
WAXL vs ETH
↘ 64.96%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x467719aD09025FcC6cF6F8311755809d45a5E5f3 | |
Cosmos | ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.24 | ↘ 1.45% |
1 Day | £0.25 | ↘ 1.52% |
1 Week | £0.24 | ↗ 1.80% |
1 Month | £0.23 | ↗ 7.82% |
1 Year | £0.40 | ↘ 39.10% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Coinbase supports ("Wrapped Axelar"), an ERC-20 version of Axelar. This wrapped version allows Axelar's native tokens to be used in the Ethereum ecosystem, including in decentralized finance (DeFi) applications, exchanges, and other smart contract interactions. Holders of WAXL can convert their tokens to native AXL tokens and vice-versa.
Axelar is a decentralized network that strives to facilitate secure cross-chain communication for Web3. It provides a suite of tools and APIs that assist developers in creating decentralized applications (dApps) with seamless cross-chain communication. The network is composed of 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. Axelar's native token, AXL, plays an important role within the network. The platform also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions.
Axelar operates through a decentralized network of validators, enabling anyone to join, build on, or use the network. Application builders can interact with a simple API atop this permissionless network, which routes messages and ensures network security via a proof-of-stake consensus mechanism. Axelar's approach to secure cross-chain communication involves a dynamic validator, setting it apart from projects using optimistic setups and federated multi-sig. The platform has also developed protocols, APIs, and developer tools that simplify the process of building cross-chain applications.
Axelar aims to provide a platform for developers to build cross-chain applications without requiring a new programming language. The network's value proposition to developers is the ability to build on the chain that best suits their use case and background, while allowing their users to access anything on the decentralized web with a single click. Furthermore, Axelar's support for the cross-chain transfer of several native tokens increases its potential use cases, enabling seamless interaction between different blockchain ecosystems.
Axelar was launched in 2020 by Georgios Vlachos and Sergey Gorbunov, both of whom were part of the founding team at Algorand. Georgios designed the Algorand consensus protocol, while Sergey led the effort to standardize BLS signatures, a standard now adopted as a draft in CFRG and followed by Ethereum 2.0 implementations among others. Axelar has since attracted resources from various investors. In December 2022, Axelar launched a $60 million development support program aimed at accelerating the development of decentralized applications and protocols.
We update our Wrapped Axelar to GBP currency in real-time. Get the live price of Wrapped Axelar on Coinbase.
The current market cap of Wrapped Axelar is £0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Wrapped Axelar is £0.24. This all-time high is highest price paid for Wrapped Axelar since it was launched.
Over the last 24 hours, the trading volume of Wrapped Axelar is £63.59K.
Assets that have a similar market cap to Wrapped Axelar include To The Moon, RON, Panvala pan, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Wrapped Axelar is 0.
Wrapped Axelar ranks 338 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Yes, Wrapped Axelar is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Wrapped Axelar guide.
Wrapped Axelar calculator
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.