Latest Movements
Axelar (AXL) is currently priced at $8.4 with a 24-hour trading volume of $13.66M. The market cap of Axelar stands at $546.8M, with 894.28M AXL in circulation. For those looking to buy or trade Axelar, Uphold offers avenues to do so securely and efficiently
- Market cap
- $546.8M
- 24h volume
- $13.66M
- Circulating supply
- 894.28M AXL
Frequently Asked Questions About Axelar (AXL) Staking
- What is Axelar (AXL) and what problem does it solve?
- Axelar is a cross-chain interoperability protocol designed to enable seamless, secure communication and value transfer between different blockchain networks. By providing a decentralized network and standardized cross-chain messages, Axelar aims to simplify building cross-chain dapps, wallets, and services. Developers can use Axelar to send tokens, execute smart contracts, or query data across chains without worrying about the underlying bridge complexities. This helps projects reach users on multiple ecosystems and reduces the friction traditionally associated with cross-chain operations.
- How does Axelar ensure security in cross-chain transfers?
- Axelar emphasizes security through a decentralized network of validators responsible for validating and relaying cross-chain messages. The protocol uses a consensus mechanism and cryptographic proofs to confirm that a transaction or message originated on the source chain and is authorized for execution on the destination chain. By avoiding centralized bridges and using a permissionless validator set, Axelar reduces single points of failure and mitigates common bridge risks. It’s important to review the latest security audits and incident histories from Axelar’s official sources for up-to-date information.
- What are practical use cases for Axelar in a multi-chain app?
- Practical use cases include: 1) Cross-chain token transfers (sending axl or other assets between networks with minimal user steps), 2) Cross-chain smart contract calls (invoking functions on a contract on one chain and receiving results on another), 3) Unified cross-chain wallets (holding and managing assets from multiple chains in a single interface), and 4) DeFi collaborations (liquidity bridging, cross-chain yield farming, and unified price feeds). For developers, Axelar’s SDKs and APIs simplify integrating cross-chain messaging into wallets, dApps, and middleware services, enabling smoother user experiences and broader ecosystem reach.
- What is the current supply and price context for Axelar (AXL)?
- As of the latest data, Axelar (AXL) has a circulating supply of approximately 1.118 billion tokens. The current price sits around $0.059 per token, with modest daily changes. Market metrics like market cap (~$66 million) and circulating supply influence price dynamics, but liquidity, trading volume, and demand across supported chains also play significant roles. Always verify current metrics on reliable trackers and be mindful that small price movements can be amplified by low liquidity in smaller cap assets.
- How can I buy or store Axelar (AXL) securely?
- To buy Axelar, use a reputable cryptocurrency exchange that lists AXL and supports your region. After purchasing, transfer the tokens to a secure wallet. For long-term holding, a hardware wallet (e.g., Ledger) offers offline key storage and reduces exposure to online threats. If you prefer software wallets, choose ones with strong security practices and direct support for Axelar. When transacting, enable best security practices: use strong, unique passwords, enable two-factor authentication, keep recovery phrases offline, and double-check recipient addresses before sending. Always store your private keys in a secure, offline environment and consider using a dedicated wallet for cross-chain operations to minimize risk.
