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Axelar

Axelar priceAXL

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Axelar price calculator

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AXL
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1 AXL = 1.13 USD
Last updated 2024-04-25 14:39:06(UTC-0)

Axelar price live data summary

The live price of Axelar is $1.13 per (AXL / USD) today with a current market cap of $725.65M USD. The 24-hour trading volume is $16.33M USD. AXL to USD price is updated in real time. Axelar is -7.05% in the last 24 hours. It has a circulating supply of 639,623,940 .

What is the highest price of AXL?

AXL has an all-time high (ATH) of $2.66, recorded on 2024-03-01.

What is the lowest price of AXL?

AXL has an all-time low (ATL) of $0.3136, recorded on 2023-10-26.

Axelar price prediction

Set your prediction

When is a good time to buy AXL? Should I buy or sell now?

When deciding whether to buy or sell AXL, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget AXL technical analysis can provide you with a reference for trading.
According to the AXL 4h technical analysis, the trading signal is Strong sell.
According to the AXL 1d technical analysis, the trading signal is Sell.
According to the AXL 1w technical analysis, the trading signal is Neutral.
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Axelar price performance in USD

24h7d30d90d1yAll-time
-7.05%-5.60%-42.37%+22.25%+130.90%--

Axelar price history in USD

TimeLowHigh
24h$1.13$1.21
7d$1.12$1.29
30d$0.9021$2.19
90d$0.8858$2.66
1y$0.3136$2.66
All-time$0.3136(2023-10-26, 182 days ago )$2.66(2024-03-01, 55 days ago )

Axelar market information

Market cap
$725,652,586.89
-7.05%
Fully diluted market cap
$1,300,423,181.01
-7.05%
Volume (24h)
$16,326,100.9
+2.63%
Market rankings
Circulation rate
+55.00%
24h volume / market cap
0.0224
Circulating supply
639,623,940 AXL
Total supply / Max supply
1.15B AXL
-- AXL
ICO price

Axelar ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Axelar Social Data

In the last 24 hours, the social media sentiment score for Axelar was 4, and the social media sentiment towards Axelar price trend was Bullish. The overall Axelar social media score was 34, which ranks 133 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Axelar being mentioned with a frequency ratio of 0.01%, ranking 359 among all cryptocurrencies.

In the last 24 hours, there were a total of 175 unique users discussing Axelar, with a total of Axelar mentions of 96. However, compared to the previous 24-hour period, the number of unique users decrease by 6%, and the total number of mentions has increase by 12%.

On Twitter, there were a total of 2 tweets mentioning Axelar in the last 24 hours. Among them, 100% are bullish on Axelar, 0% are bearish on Axelar, and 0% are neutral on Axelar.

On Reddit, there were 25 posts mentioning Axelar in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Axelar. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
4
Social score(24h)
34(#133)
Social contributors(24h)
175
-6%
Social mentions(24h)
96(#359)
+12%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
2
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
23
Reddit posts(24h)
25
0%
Reddit comments(24h)
0
0%

About Axelar(AXL)

What Is Axelar?

Axelar is a decentralized blockchain network, designed to facilitate cross-chain communication, thereby acting as the backbone of the Web3 ecosystem. Founded by seasoned technologists Sergey Gorbunov and Georgios Vlachos, Axelar aims to revolutionize the Web3 space, akin to how Akamai and CDN transformed the Web2 domain. The network is designed to be the linchpin of a multi-chain future, offering a secure, efficient, and decentralized transport layer powered by Tendermint and supported by permissionless validators.

Axelar operates on a three-tiered system comprising a network of validators, gateway smart contracts, and a suite of tools for developers, including APIs and SDKs. This intricate structure enables seamless interaction between users, assets, and applications across different blockchains, fostering a universal interoperability that transcends the limitations of individual blockchain ecosystems.

Resources

Whitepaper: https://axelar.network/axelar_whitepaper.pdf

Official Website: https://axelar.network/

How Does Axelar Work?

Axelar's operational framework is built on a decentralized network of validators responsible for maintaining the network's health and facilitating transactions. These validators employ a cross-chain gateway protocol, a form of multi-party cryptography overlay that facilitates communication between Layer 1 blockchains. Through this protocol, validators authenticate events on connected external chains by interacting with gateway smart contracts situated on those chains.

The second layer of Axelar's infrastructure consists of gateway smart contracts that act as bridges between Axelar and the Layer 1 blockchains it connects to. Validators constantly monitor these gateways to identify and confirm incoming transactions through a consensus mechanism, ensuring secure and efficient cross-chain transactions.

At the pinnacle of Axelar's structure is the application development layer, equipped with APIs and SDKs. This layer empowers developers to create cross-chain applications, thereby fostering universal interoperability and enhancing the user experience in the blockchain ecosystem.

What Is AXL Token?

The AXL token is the native of the Axelar network. It plays a crucial role in sustaining and promoting the network's operations, security, and governance. Developed to facilitate a decentralized proof-of-stake consensus mechanism, the AXL token incentivizes validators through rewards, fostering network security and alignment of interests among participants.

At the genesis of the network, 1 billion AXL tokens will be minted, with a release schedule spanning from six months to four years, promoting a sustainable growth trajectory for the network. The token also facilitates network governance, allowing stakeholders to influence proposals such as parameter changes or protocol upgrades, thereby democratizing the decision-making process within the network.

Axelar's Impact on Finance

Axelar stands as a vanguard in the financial sector, promising to redefine the dynamics of cross-chain communication and interoperability. Its innovative approach to bridging gaps between different blockchain networks holds the potential to revolutionize financial transactions, making them more secure, efficient, and inclusive.

By fostering seamless cross-chain transactions, Axelar can potentially unlock new avenues for financial innovation, enabling the development of sophisticated financial products and services that leverage the strengths of multiple blockchain ecosystems. Moreover, by enhancing the interoperability of blockchain networks, Axelar can contribute to the broader adoption of blockchain technology in the financial sector, paving the way for a more integrated and cohesive financial landscape.

What Determines Axelar's Price?

In the dynamic world of cryptocurrency markets, the price of innovative blockchain platforms like Axelar is influenced by a myriad of factors. At the core, the Axelar price is significantly swayed by the laws of supply and demand, a fundamental principle that governs the cryptocurrency market. As Axelar continues to foster seamless cross-chain communication, the demand for its native cryptocurrency, the AXL token, is expected to rise. Investors and blockchain enthusiasts keen on leveraging Axelar's groundbreaking technology are likely to drive up the demand, and consequently, the price of the AXL token. Moreover, the total supply of AXL tokens, which is capped at 1 billion, can also play a pivotal role in determining its price, with a limited supply often creating a scarcity effect that can potentially boost the token's value.

Market sentiment is another potent force that can shape the Axelar price trajectory. In the cryptocurrency sphere, news, developments, and trends can have a pronounced impact on the price of a digital asset. Positive developments, such as strategic partnerships, technological advancements, and positive regulatory news, can foster bullish sentiment, propelling the Axelar price upwards. Conversely, adverse developments can incite bearish sentiment, exerting downward pressure on the price. Furthermore, the broader market trends in the cryptocurrency sector can influence Axelar's price, with the asset often moving in tandem with the general market sentiment.

Lastly, the utility and adoption of the Axelar network in the decentralized finance (DeFi) and Web3 spaces can be a significant determinant of its price. As Axelar facilitates seamless interoperability between various blockchain ecosystems, its adoption by developers and integration into new decentralized applications (dApps) can enhance its utility, potentially driving up its price. Moreover, the governance and staking mechanisms facilitated by the AXL token can create additional demand, further influencing its price dynamics. Investors looking to gauge the potential price movements of Axelar should keep a close eye on its technological advancements, market trends, and adoption rates in the rapidly evolving blockchain landscape.

Trade AXL perpetual futures

After having successfully signed up on Bitget and purchased USDT or AXL tokens, you can start trading derivatives, including AXL futures and margin trading to increase your income.

The current price of AXL is $1.13, with a 24h price change of -7.05%. Traders can profit by either going long or short onAXL futures.

Join AXL copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or AXL tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Axelar.

What is the current price of Axelar?

We update our Axelar to USD price in real time. Get the live Price of Axelar on Bitget.

What is the 24 hour trading volume of Axelar?

Over the last 24 hours, the trading volume of Axelar is $16.33M.

What is the all-time high of Axelar?

The all-time high of Axelar is $2.66. This all-time high is highest price for Axelar since it was launched.

Can I buy Axelar on Bitget?

Yes, Axelar is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Axelar?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Axelar with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Axelar?

Axelar (wAXL) enables secure cross-chain communication and interoperability between various blockchain ecosystems and assets. It uses the AXL token for decentralized security and governance, and rewards token holders for network participation. Axelar aims to achieve web3 interoperability, allowing seamless interaction between different blockchains and assets.

Is Axelar a good investment?

Consider adding Axelar (WAXL) to your crypto portfolio, especially if you're interested in web3 and blockchain interoperability. Axelar's potential to enhance dApp scalability for commercial use could benefit from the rising adoption of web3, potentially driving up WAXL's value. The growing blockchain and dApp industry may also boost demand for AXL tokens, positively affecting WAXL's price. Look out for Axelar's new features and use cases for AXL tokens, as they could further drive demand. Additionally, a positive sentiment in the overall crypto market could strengthen Axelar's price performance.

What is Axelar price prediction?

Predicting WAXL's price is challenging, but you can monitor key factors for insights: - Adoption: WAXL's value can rise with increased adoption of Axelar's cross-chain solutions, as it boosts AXL token demand. - Developments & Partnerships: Updates, partnerships, and investments in Axelar's ecosystem can affect investor sentiment and WAXL's price. - Market Conditions: WAXL's price is influenced by the broader crypto market, including Bitcoin's performance and overall market trends. Stay informed for a clearer understanding.

What blockchains does Axelar support?

As of May 2023, Axelar has expanded its support to encompass 38 different blockchain networks and facilitates 204 cross-chain contracts. Some of the notable supported blockchains include Ethereum, Avalanche, Polygon, Filecoin, Osmosis, Terra Classic, Aurora, BNB Chain, Terra, Arbitrum, Cosmos, Fantom, and Kava, demonstrating its commitment to enhancing blockchain interoperability and connectivity.

What is the history of Axelar?

Axelar's significant milestones include its February 2022 public mainnet rollout, accompanied by a $35 million Series B funding round, pushing its market value over $1 billion with support from notable investors like Dragonfly Capital and Polychain. In December 2022, Axelar initiated the Axelar Grant Program, assisting over 50 projects, with around one-third successfully securing seed or pre-seed funding. Notably, in February 2023, Axelar introduced the Axelar Virtual Machine (AVM), simplifying cross-chain application development. Moreover, in April 2023, Axelar joined Mastercard's Start Path program, collaborating to explore fintech-related applications of its technology.

What makes Axelar unique?

Axelar distinguishes itself in the cross-chain solutions landscape by: - Decentralization: Axelar operates as a decentralized system, welcoming participation from anyone. - Universal Connectivity: Axelar offers universal connectivity, bridging various blockchain networks regardless of their consensus models, be it Proof-of-Work (PoW) or Proof-of-Stake (PoS). - Message Routing and Translation: The network excels in cross-ecosystem message routing and translation capabilities. - Developer-Friendly: Axelar is open to developers, facilitating integration and innovation on top of its platform.
Cryptocurrency investments, including buying Axelar online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Axelar, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Axelar purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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AXL is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support AXL trades.
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