Axelar
AXL #431Project Safety Score: 70%
Updated 12 minutes ago& Market
Credibility
Behavioral
Mechanics
Distribution
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.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Price Chart - Axelar
Contract Security
0x467719ad09025fcc6cf6f8311755809d45a5e5f3On-Chain Facts
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0xd2ff2d432a0078672…35.72% -
0x54d1774631980b22c…12.86% -
0x28c6c06298d514db0…5.02% -
0xf42aac93ab142090d…4.49% -
0xa9d1e08c7793af67e…2.54% -
0x1a9d699aee3a56ca4…2.44% -
0xfcac185644e5c6cd7…2.30% -
0xf977814e90da44bfa…1.81% -
0x2d2908c5873554f27…1.32% -
0xcae35e657fe52adba…1.31%
Axelar Exchanges
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Recent News
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Is This the End for AXL Token Holders? Axelar Without Its Creators -
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AXL Price Crashes 18% as Circle Abandons Token after Acquiring Axelar Network Developer
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