Axelar price
Current price
$0.0323
−3.58% 24h
Live Updated just now
Today Axelar falls 3.6%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.31%
- 24 hours −3.58%
- 7 days −9.52%
- 30 days −40.22%
- 1 year −77.20%
Axelar's move in context
Lagging the market today
−3.58% in 24 hours against −1.58% for the market as a whole, a gap of 2.0 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$615.77K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. A last price isn't an offer: what you'd pay also depends on fees, the gap between buying and selling prices, and how much is for sale.
Axelar's last prices on 5 exchanges we read run from $0.0323 on Binance to $0.0326 on Gate.io, 1.0% apart. Compare before you buy: fees and how much is for sale at each price differ too.
Part of a slide
−9.5% over 7 days and −40.2% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Axelar
Prices differ by up to 1.0% across these 5 exchanges, so compare before you buy.
- Binance Most traded AXL/USDT $424.65K 24h volume Last price $0.0323 0.00% vs our price
- Bybit AXL/USDT $105.75K 24h volume Last price $0.0323 +0.06% vs our price
- MEXC AXL/USDT $54.56K 24h volume Last price $0.0324 +0.15% vs our price
- Bitget AXL/USDT $27.21K 24h volume Last price $0.0324 +0.19% vs our price
- Gate.io AXL/USDT $4.09K 24h volume Last price $0.0326 +1.02% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Axelar
Overview
Axelar is an innovative cryptocurrency platform that aims to bring seamless interoperability to the blockchain ecosystem. Its core mission is to connect various blockchains, enabling them to communicate and transact with one another efficiently. Unlike many other cryptocurrencies that focus on single-chain applications, Axelar is designed to provide a universal infrastructure by acting as a hub that interlinks different blockchain networks. This level of interoperability is crucial for the growth of decentralized applications, as it allows developers and users to leverage services, assets, and protocols from multiple chains in a single unified ecosystem. Axelar's distinguishing features include its permissionless protocol, robust cross-chain communication, and a scalable architecture designed to support a wide range of blockchain interactions.
Technical Features
At the heart of Axelar's technology lies its unique consensus mechanism and network architecture. Axelar employs a Proof-of-Stake (PoS) consensus model, which is both energy-efficient and secure. This mechanism requires participants, known as validators, to lock up a specified amount of cryptocurrency as collateral to validate transactions and add them to the blockchain. In return, they earn rewards while ensuring the network's security through staking. Axelar's architecture includes a decentralized gateway by which multiple blockchains can interconnect, allowing for interoperability across different protocols. The Axelar Gateway Protocol enables blockchain interoperability through a series of relayer nodes that securely and accurately route messages and transactions between networks.
Use Cases
Axelar's primary use cases center around enhancing operability across blockchain systems. In the realm of decentralized finance (DeFi), Axelar enables applications to interact with liquidity pools, lending platforms, and financial protocols from multiple blockchains in a single transaction. This opens up new avenues for initiating cross-chain borrowing, lending, and trading without the need for centralized intermediaries. Beyond DeFi, Axelar plays a significant role in cross-border payments, enabling seamless and cost-effective transfers between different blockchain-based financial systems. Axelar also supports decentralized governance models by facilitating communication between governance protocols across disparate blockchain networks.
Development Background
Axelar was co-founded by Sergey Gorbunov and Georgios Vlachos, who have significant backgrounds in blockchain technology and have been closely involved with projects such as Algorand. The team behind Axelar is composed of experts from leading blockchain platforms and academia, pooling their collective experience to create a platform capable of solving the interoperability challenges faced by the current blockchain ecosystem. Since its launch, Axelar has achieved several milestones, including the development of its mainnet and strategic partnerships which have expanded its reach and capabilities.
Community and Ecosystem
Axelar boasts a vibrant community of developers, validators, and users who contribute to its ongoing development and adoption. The platform has formed partnerships with several prominent blockchain projects and organizations aiming to enhance cross-chain functionalities. Additionally, various applications and projects centered around DeFi, cross-chain swaps, and decentralized identity solutions have been built on the Axelar network, highlighting its versatility and growing ecosystem.
Future Potential
The future potential of Axelar hinges on its technological advancements and continuous growth in support across the blockchain ecosystem. As blockchain adoption rises, the need for interoperability solutions like Axelar becomes even more pronounced. With upcoming features such as enhanced privacy tools, scalability upgrades, and further integration with emerging blockchain technologies, Axelar is well-positioned to be a linchpin for the interconnected blockchain of tomorrow. Keeping a close eye on Axelar's roadmap will provide insights into how its developers plan to maintain its competitive edge and meet evolving industry needs.
Axelar market
- Position by market cap among the coins we track whose circulating supply is checked.
- #208
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $40.55M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $615.77K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0311 High $0.0339
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $2.64
- Now 1% of it Reached 1 Mar 2024 · Needs +8,073% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 1.26B AXL
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Axelar converter
1 Axelar = $0.0323