Axelar (AXL)
Rank #351
Market snapshot
- Price
- $0.041861
- Market cap
- $51.3M
- 24h volume
- $5.5M
- Circulating supply
- 1,226,576,626.359
- Total supply
- 1,251,959,925.4692
- Max supply
- N/A
What is Axelar?
Axelar aims to enable seamless communication and value transfer between various blockchain networks. It provides infrastructure that allows different blockchains to interact, enhancing the overall functionality and usability of decentralized applications (dApps) across ecosystems.
How Axelar works
Axelar operates by utilizing a shared public ledger that facilitates peer-to-peer transactions across different blockchain platforms. This enables the rebalancing of large portfolios of tokenized assets on any chain, as demonstrated by J.P. Morgan's Onyx platform. The system is designed to support institutional-grade portfolio management across the blockchain ecosystem, allowing for the seamless exchange of digital assets and information.
Key information
- Symbol
- AXL
- CMC rank
- #351
- Network / platforms
Arbitrum, Avalanche C-Chain, Base, BNB Chain
- Categories
- N/A
- Date added
- Feb 2, 2022
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Arbitrum
0x23ee2343B892b1BB63503a4FAbc840E0e2C6810fAvalanche C-Chain
0x44c784266cf024a60e8acf2427b9857ace194c5dBase
0x23ee2343B892b1BB63503a4FAbc840E0e2C6810f
Key characteristics
Axelar is categorized under several tags, including DeFi and interoperability. It is an open-source platform, allowing developers to participate in its ecosystem and contribute to its growth. Axelar's architecture supports various blockchain networks.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Axelar (AXL)?
- Axelar is a cryptocurrency that facilitates interoperability between various blockchain networks, enabling seamless communication and value transfer.
- How does Axelar operate?
- Axelar operates by using a shared public ledger that allows peer-to-peer transactions across different blockchain platforms, enhancing the usability of decentralized applications.
- What are the key features of Axelar?
- Axelar is an open-source platform categorized under DeFi and interoperability, allowing developers to participate and contribute to its ecosystem.
- What risks should users be aware of when using Axelar?
- Users should be cautious of digital asset volatility, verify contract addresses, and understand the risks associated with self-custody and centralized platforms.
- How can I verify the Axelar asset before transferring?
- Verify the asset name, network, and contract details before transferring to ensure security and accuracy.
- Where can I find official resources for Axelar?
- Official resources for Axelar can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
