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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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Axelar

AXL

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

•

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

•

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Axelar

Axelar is an interoperability solution, and provides the infrastructure needed for seamless and secure cross-chain communication among decentralized applications.

Resources

Whitepaper
Official website

Axelar is a decentralized network that strives to facilitate cross-chain communication for Web3. It provides a suite of tools and APIs that assist developers in creating decentralized applications (dApps) with cross-chain communication. The network is composed of three core components: a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity. Axelar's native token, AXL, plays an important role within the network. The platform also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions.

Axelar operates through a decentralized network of validators, enabling anyone to join, build on, or use the network. Application builders can interact with a simple API atop this permissionless network, which routes messages and ensures network security via a proof-of-stake consensus mechanism. Axelar's approach to secure cross-chain communication involves a dynamic validator, setting it apart from projects using optimistic setups and federated multi-sig. The platform has also developed protocols, APIs, and developer tools that simplify the process of building cross-chain applications.

Axelar aims to provide a platform for developers to build cross-chain applications without requiring a new programming language. The network's value proposition to developers is the ability to build on the chain that best suits their use case and background, while allowing their users to access anything on the decentralized web with a single click. Furthermore, Axelar's support for the cross-chain transfer of several native tokens increases its potential use cases, enabling interaction between different blockchain ecosystems.

Axelar was launched in 2020 by Georgios Vlachos and Sergey Gorbunov, both of whom were part of the founding team at Algorand. Georgios designed the Algorand consensus protocol, while Sergey led the effort to standardize BLS signatures, a standard now adopted as a draft in CFRG and followed by Ethereum 2.0 implementations among others. Axelar has since attracted resources from various investors. In December 2022, Axelar launched a $60 million development support program aimed at accelerating the development of decentralized applications and protocols.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£476.4M

Volume (24h)

£19.9M

Circulating supply

683.5M AXL

Typical hold time

42 days

Popularity

#120

All time high

£2.93

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.86%

Price change (1d)

-10.13%

Price change (1w)

-14.8%

Price change (2w)

+0.46%

Price change (1m)

-23.46%

Price change (1y)

+104.81%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Axelar on social media

223 unique individuals are talking about Axelar and it is ranked #461 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Axelar has an average sentiment score of 3.2 out of 5. Finally, Axelar is becoming more newsworthy, with 0 news articles published about Axelar. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Axelar. There were 27.27% of tweets with bullish sentiment compared to 0.83% of tweets with a bearish sentiment about Axelar. 71.9% of tweets were neutral about Axelar. These sentiments are based on 121 tweets.

On Reddit, Axelar was mentioned in 37 Reddit posts and there were 76 comments about Axelar. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

223 people

Posts

104 posts

Dominance

0.01%

Volume rank

#461

Average Sentiment

3.2 out of 5

Twitter

Reddit

Posts

37

Comments

76

Coinbase Bytes

Axelar is on the decline this week.

The price of Axelar has decreased by 0.86% in the last hour and decreased by 10.13% in the past 24 hours. Axelar’s price has also fallen by 14.80% in the past week. The current price is £0.70 per AXL with a 24-hour trading volume of £19.92M. Currently, Axelar is valued at 76.25% below its all time high of £2.93. This all-time high was the highest price paid for Axelar since its launch.

The current circulating supply of Axelar is 683,504,817.18 AXL which means that Axelar has as total market cap of 683,504,817.18.

FAQ

What is the current price of Axelar?

We update our Axelar to GBP currency in real-time. Get the live price of Axelar on Coinbase.

What is the market cap of Axelar?

The current market cap of Axelar is £476.42M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Axelar?

The all-time high of Axelar is £2.93. This all-time high is highest price paid for Axelar since it was launched.

What is the 24 hour trading volume of Axelar?

Over the last 24 hours, the trading volume of Axelar is £19.92M.

How many Axelar are there?

The current circulating supply of Axelar is 684 million.

What is the typical holding time of Axelar?

The median time that Coinbase customers hold Axelar before selling it or sending it to another account or address is 42 days.

What is the relative popularity of Axelar?

Axelar ranks 175 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Axelar?

Currently, 100% of Coinbase users are buying Axelar. In other words, 100% of Coinbase customers have increased their net position in Axelar over the past 24 hours through trading.

Can I buy Axelar on Coinbase?

Yes, Axelar is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Axelar guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024