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AXL/USD: Convert Axelar (AXL) to United States Dollar (USD)

1 Axelar equals $0.62 United States Dollar

Last update: 1:36 PM, June 20, 2024

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Overview

About Axelar (AXL)

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

Axelar is a decentralized network that aims to facilitate secure cross-chain communication for Web3. It provides a suite of tools and APIs that assist decentralized application (dApp) developers in achieving seamless 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 a crucial 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 unique 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 the need to learn 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 cross-chain transfer capabilities can facilitate the movement of several native tokens across different chains, broadening the potential use cases for these tokens.

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 capital from top-tier investors. In December 2022, Axelar launched a $60 million startup funding program to accelerate the development of decentralized applications and protocols.

How Axelar (AXL) and United States Dollar (USD) differ

Axelar and the US Dollar are fundamentally different in their nature and functionality. Axelar is a decentralized network that aims to facilitate cross-chain communication for Web3, providing tools and APIs for decentralized application developers. Its native token, AXL, plays a crucial role within the network, and the platform supports the cross-chain transfer of several native tokens. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the US government, and used as a medium of exchange for goods and services. Unlike Axelar, the US Dollar operates within a centralized financial system and does not have the capability to facilitate cross-chain transfers or support decentralized applications. Furthermore, Axelar's value proposition to developers is the ability to build on the chain that best suits their use case, while the US Dollar does not offer such flexibility. Axelar operates through a decentralized network of validators, ensuring network security via a proof-of-stake consensus mechanism, whereas the US Dollar's value and security are backed by the US government.

Axelar Markets

Axelar is falling this week.

The current price of Axelar is $0.62 per AXL. With a circulating supply of 695,525,969.299 AXL, it means that Axelar has a total market cap of $429,619,665.23. The amount of Axelar traded has risen by $5,199,472.40 in the last 24 hours, which is a 23.63% increase. Additionally, in the last day, $22,007,106.65 worth of AXL has been traded.

Market cap

$429.6M

Volume (24h)

$22.0M

Circulating supply

695.5M AXL

FAQ

How much is 1 Axelar in USD?

Right now, 1 Axelar is worth about $0.62.

How much AXL could I buy for 1 USD?

Based on the current rate, you could get 1.62 AXL for 1 USD.

How much has the price of Axelar changed?

Axelar price has been declining. Since yesterday, the exchange rate of Axelar has decreased. Since last month, the exchange rate of Axelar has decreased. Since this time last year, the price of Axelar has increased.

How do I calculate or convert AXL to USD?

You can use our AXL to USD calculator at the top of this page to convert any amount of AXL to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 8.11 AXL. Inversely, 5 AXL will cost about 3.08 USD.

How can I buy 1 Axelar on Coinbase?

Axelar is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Axelar.

What are assets similar to Axelar that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Axelar, including WOO Network, Osmosis, and Bonk. For a more robust list of assets to explore, jump to the asset page dedicated to Axelar.

Conversion tables

The exchange rate of Axelar is decreasing.

The current value of 1 AXL is $0.62 USD. In other words, to buy 5 Axelar, it would cost you $3.08 USD. Inversely, $1.00 USD would allow you to trade for 1.62 AXL while $50.00 USD would convert to 81.07 AXL, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 17.53%. Meanwhile, in the last 24 hours, the rate has changed by 3.97%, which means that the the highest exchange rate of 1 AXL to United States Dollar was 0.6536 USD and the lowest 24 hour value was 1 AXL for 0.6093 USD. This time last month, the value of 1 AXL was $1.04 USD, which is a 40.49% increase from where it is now. Looking back a year, Axelar has changed by -$0.21 USD.

AXL to USD

Amount
Today at 1:36 pm
0.5 AXL
$0.31
1 AXL
$0.62
5 AXL
$3.08
10 AXL
$6.17
50 AXL
$30.84
100 AXL
$61.68
500 AXL
$308.38
1,000 AXL
$616.75

USD to AXL

Amount
Today at 1:36 pm
0.5 USD
0.81 AXL
1 USD
1.62 AXL
5 USD
8.11 AXL
10 USD
16.21 AXL
50 USD
81.07 AXL
100 USD
162.14 AXL
500 USD
810.70 AXL
1,000 USD
1,621.40 AXL

Today vs. 24 hours ago

Amount
Today at 1:36 pm
24 hours ago
24H Change
0.5 AXL
$0.31
$0.32
-3.97%
1 AXL
$0.62
$0.64
-3.97%
5 AXL
$3.08
$3.21
-3.97%
10 AXL
$6.17
$6.42
-3.97%
50 AXL
$30.84
$32.11
-3.97%
100 AXL
$61.68
$64.23
-3.97%
500 AXL
$308.38
$321.13
-3.97%
1,000 AXL
$616.75
$642.25
-3.97%

Today vs. 1 month ago

Amount
Today at 1:36 pm
1 months ago
1M Change
0.5 AXL
$0.31
$0.52
-40.49%
1 AXL
$0.62
$1.04
-40.49%
5 AXL
$3.08
$5.18
-40.49%
10 AXL
$6.17
$10.36
-40.49%
50 AXL
$30.84
$51.82
-40.49%
100 AXL
$61.68
$103.65
-40.49%
500 AXL
$308.38
$518.23
-40.49%
1,000 AXL
$616.75
$1,036.45
-40.49%

Today vs. 1 year ago

Amount
Today at 1:36 pm
1 year ago
1Y Change
0.5 AXL
$0.31
$0.20
+52.86%
1 AXL
$0.62
$0.40
+52.86%
5 AXL
$3.08
$2.02
+52.86%
10 AXL
$6.17
$4.03
+52.86%
50 AXL
$30.84
$20.17
+52.86%
100 AXL
$61.68
$40.35
+52.86%
500 AXL
$308.38
$201.74
+52.86%
1,000 AXL
$616.75
$403.48
+52.86%

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