About Axelar
Axelar is an interoperability solution, and provides the infrastructure needed for seamless and secure cross-chain communication among decentralized applications.
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Trading Insights
Buyer Ratio
Traders
392
122.73%
Buyers
320
185.71%
Sellers
80
19.4%
Searched
589
Market Stats
Market Cap
£226.21M
FDV
£264.59M
Circ. Supply
1B AXL
Max Supply
Not enough data
Total Supply
1.2B AXL
Total Value Locked
£250.80M
Performance
Popularity
#164
Dominance
0.01%
Volume (24H)
£14.10M
136.37%
Volume (7D)
£109.02M
Volume (30D)
£163.32M
All time high
£0.46
Price Change (1Y)
-45.36%
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.
Additional details
Recent trends
The price of Axelar has increased by 0.29% in the last hour and decreased by 10.28% in the past 24 hours. Axelar’s price has also fallen by 6.95% in the past week. The current price is £0.22 per AXL with a 24-hour trading volume of £14.10M. Currently, Axelar is valued at 52.67% below its all time high of £0.46. This all-time high was the highest price paid for Axelar since its launch.
The current circulating supply of Axelar is 1,040,205,733.77 AXL which means that Axelar has as total market cap of £226,212,556.35.
Market details
AXL vs markets
↘ 69.36%
AXL vs BTC
↘ 69.32%
AXL vs ETH
↘ 66.47%
Tags
defi
interoperability
real-world-assets-protocols
made-in-america
+1
Network & Addresses
Network | Address | |
|---|---|---|
Axelar | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.22 | ↘ 10.56% |
1 Day | £0.24 | ↘ 10.28% |
1 Week | £0.23 | ↘ 6.95% |
1 Month | £0.23 | ↘ 2.99% |
1 Year | £0.40 | ↘ 45.36% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Axelar is a decentralized network that strives to facilitate cross-chain communication for Web3. It provides a suite of tools and APIs that assist developers in creating decentralized applications (dApps) with 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 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 Axelar to GBP currency in real-time. Get the live price of Axelar on Coinbase.
The current market cap of Axelar is £226.21M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Axelar is £0.46. This all-time high is highest price paid for Axelar since it was launched.
Over the last 24 hours, the trading volume of Axelar is £14.10M.
Assets that have a similar market cap to Axelar include Terra, Mog Coin, Toshi, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Axelar is 1 billion.
Axelar ranks 156 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 100% of Coinbase users are buying Axelar. In other words, 100% of Coinbase customers have increased their net position in Axelar over the past 24 hours through trading.
Yes, Axelar is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Axelar guide.
Axelar news
Trending articles
Social stats
Popularity in posts
#2140
Contributors
54
Posts
117
% About Axelar
0.009%
Hold times
0 days
X (Twitter)
33.2% bullish
Sentiment
4.7 ★
Highlights
54 unique individuals are talking about Axelar and it is ranked #2,140 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Axelar has an average sentiment score of 94 out of 5. Finally, Axelar is becoming less newsworthy, with 0 news articles published about Axelar.
On Twitter, people are mostly neutral about Axelar. There were 34.31% of tweets with bullish sentiment compared to 3.34% of tweets with a bearish sentiment about Axelar. 65.69% of tweets were neutral about Axelar. These sentiments are based on 113 tweets.
On Reddit, Axelar was mentioned in 1 Reddit posts and there were 1 comments about Axelar. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.