24h Vol | $1.44K |
---|---|
Liquidity | $656.3K |
Holders | 10.11K |
Age | 1 year |
FDV | $60.72M |
Market Cap | $340M |
About Axelar (AXL)
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.
AXL/USDC Price Stats
The current price of AXL (AXL/USDC) on Uniswap V3 is $0.378, the price is up 2.08% in the last 24 hours. Its 24-hour trading volume is reported to be at $1,435.44 with a total of 6 transactions. AXL/USDC contract address is 0x975c822e26a514e7a1b75be587aefc738a73eee7, with a Fully Diluted Valuation (FDV) of $66.79M and a liquidity pool of $656.3K.