Axelar pioneers secure cross-chain communication, utilizing proof-of-stake, enabling easy dApp development and seamless interaction across blockchains. More
| Fully Diluted Valuation | $418.92M |
|---|---|
| 24H Trading Volume | $15.40M |
| 24H Low / High | $0.35 / $ 0.37 |
| Circulating Supply | 1.01 B |
| Total Supply | 1.21 B |
| Max Supply | 0.00 |
| Categories | Interoperability 17 more |
|---|---|
| Founder | Georgios Vlachos 1 more |
| Website | github.com Whitepaper 1 more |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 10 more |
| Explorer | Arbiscan 9 more |
| Contracts |
0x467....5e5f3
10 more
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| Name | Pair | OG Score |
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In the dynamic landscape of blockchain technology, Axelar (AXL) has emerged as a trailblazer, offering secure cross-chain communication for Web3. Founded in 2020 by Georgios Vlachos and Sergey Gorbunov, both Algorand veterans, Axelar provides a decentralized network, an SDK of protocols and APIs, and gateway smart contracts to facilitate seamless communication between decentralized applications (dApps) across various blockchains. The project operates on a proof-of-stake (PoS) consensus mechanism, a robust approach employed by industry giants like Ethereum and Polygon. What sets Axelar apart is its commitment to secure cross-chain communication over a dynamic validator, utilizing PoS for enhanced reliability.
Axelar's native token, AXL, is the linchpin of its ecosystem, supporting cross-chain transfers and serving as a utility token for decentralized security and governance. The project boasts key integrations with major blockchain networks, including Ethereum, Cosmos, Terra, Avalanche, and more. A testament to its success, Axelar's Satellite demo app garnered over $30 million in total value locked shortly after release. The Axelar network, launched in February 2022, aims to foster web3 interoperability, allowing developers to build cross-chain applications effortlessly. Mastercard's selection of Axelar for its Start Path program in April 2023 further underscores its potential, as the project collaborates with the fintech giant to explore innovative solutions in the payments space.
In the ever-evolving blockchain ecosystem, Axelar continues to make strides, not only providing a robust infrastructure for secure cross-chain communication but also gaining recognition from industry leaders and investors. As Axelar advances, it reinforces its commitment to simplifying the development process for dApps, offering a gateway to a decentralized web where users can interact with any asset or application seamlessly across various blockchains.
Axelar stands out for its secure cross-chain communication using a dynamic validator on a proof-of-stake consensus mechanism, streamlining decentralized application (dApp) development without the need to learn new programming languages.
Axelar was founded in 2020 by Georgios Vlachos and Sergey Gorbunov, both pivotal members of Algorand's founding team, with Georgios designing the Algorand consensus protocol and Sergey contributing to the standardization of BLS signatures.
Axelar has secured support from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, and Polychain Capital, highlighting its credibility and potential in the blockchain space.
You can buy Axelar (AXL) on Binance, Gate.io, BybitBitgetMEXC cryptocurrency exchanges.
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Axelar does not follow a mineable model.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Axelar (AXL) is ($1,009,713,114), max supply of Axelar AXL is ($0) and the market cap of Axelar AXL is ($349,465,371).
What is the Axelar (AXL) price prediction?
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The current market price of Axelar (AXL) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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Does the team have a realistic roadmap and can catch up with it?
Does Axelar (AXL) have reasonable and sustainable revenue income models?
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