Introduction
Staking Axelar can be a great option for those who want to hold AXL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Axelar (AXL) tokens
In order to stake Axelar, you need to have it. To obtain Axelar, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Axelar wallet
Once you have AXL, you’ll need to choose a Axelar wallet to store your tokens. Here are some good options.
- 3
Delegate your AXL
We recommend using a staking pool when staking AXL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AXL, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Axelar network. You’ll be rewarded with AXL for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Axelar (AXL) is currently priced at $0.6714, with a 24-hour trading volume of $40.40M. In the last 24 hours, Axelar has experienced a decrease to -1.17. The market cap of Axelar stands at $472.95M, with 673.61M in circulation. For those looking to buy or trade Axelar, reputable platforms like Uphold, Binance, Coinbase, Bake, Crypto.com and Bybit offer avenues to do so securely and efficiently.
- Market cap
- $472.95M
- Volume
- $40.40M
- Circulating supply
- $673.61M
AXL
BTC
USDT
USDC