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What Is Axelar (AXL)?
Axelar consists of three main components:
- A decentralized network
- A software development kit (SDK) of protocols and APIs
- A set of gateway smart contracts for cross-chain connectivity
The network is powered by a decentralized group of validators, allowing anyone to participate, build, or use the platform. Developers can interact with a straightforward API built on a permissionless network that facilitates message routing and ensures security through a proof-of-stake (PoS) consensus mechanism.
AXL serves as the native token of the Axelar network. The protocol also enables cross-chain transfers of various native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).
Axelar has secured funding from prominent investors such as Binance, Coinbase Ventures, Dragonfly Capital, and Polychain Capital.
Who Are the Founders of Axelar?
What Makes Axelar Unique?
What Is the Circulating Supply of AXL Tokens?
Where Can You Buy Axelar?
Axelar $60M Startup Ecosystem Program
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Axelar Price Live Data
Axelar (AXL) is an emerging force in the digital asset ecosystem, steadily gaining traction and recognition. The current market valuation places Axelar at $0.30 per token, reflecting a 4.74% slight decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the AXL ecosystem. Investor engagement with Axelar remains neutral, with $11,004,351.334 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights AXL's neutral interest and utility within the broader cryptocurrency landscape For comprehensive details regarding Axelar's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://axelar.network/.
