Axelar Price
AXL
Convert AXL to your currency
Last Updated on Nov 13, 2025 05:05 AM
What is Axelar?
About the coin
Axelar is a blockchain designed to connect other blockchains, providing secure interchain communication. It allows decentralized application (dApp) users to interact with any asset or application on any chain with just one click. This functionality is akin to what Stripe offers in the Web2 world, but for Web3.
Main features
The Axelar network employs proof-of-stake consensus to ensure security. Validators on the network are responsible for producing new blocks, participating in multiparty signing, and voting on the states of external chains. The AXL token plays a crucial role in governance and is used to pay network transaction fees to validators and tokenholders.
How it works
Users of the Axelar network do not need to hold the AXL token directly. Instead, conversions into AXL tokens and destination-chain tokens are managed on the back end. This means users only need to pay gas fees once, in the source-chain token. The network's rewards are inflationary, increasing the total supply of AXL, but there is potential for the supply to become deflationary based on the transaction fee mechanics.
Wallet for Axelar
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Tangem supports networks for Axelar
- Ethereum
- Bnb Smart Chain
- Avalanche
- Polygon Pos
- Moonbeam
- Arbitrum One
- Base
- Fantom
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Axelar FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- The Axelar network (AXL) is aLayer-1network that enables cross-chain interoperability between various crypto ecosystems, i.e., a crypto overlay network.
- About AxelarThe company provides tools and services that enable developers to create applications that operate across multiple blockchains. Axelar's solutions cater to various sectors, including decentralized finance (DeFi), asset tokenization, and gaming.It was founded in 2020 and is based in Waterloo, Canada.
- Axelar is a decentralised interoperability platform designed toenhance the connectivity and scalability of blockchain technology. It operates as an open source network, allowing developers and builders to easily program cross-chain logic and exchange data seamlessly across various blockchain ecosystems.
- Axelar is theWeb3 interoperability platform. An open stack to connect all blockchains. A single click to use and build everywhere. Explore ecosystem. debug.
- Axelar isa cross-chain communication network operating within the Web3 sphere, providing secure operations for decentralized application (dApp) developers. Its distinct feature set includes a decentralized network, protocols, tools, APIs, and gateway smart contracts for smoother cross-chain interactions.
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Private. No registration and KYC required to use the app. We don't track your data.
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