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Axelar

Axelar is a decentralized cross-chain communication network, aiming to level-up interoperability in Web3 by connecting heterogeneous blockchains and enabling asset mobility and program composability in an optimized way for both builders and end-users. The two layers of Axelar are the network and the API above it. At the core of Axelar is a permissionless overlay network that provides Turing-complete cross-chain communication through proof-of-stake and permissionless protocols. On top of the network are APIs and protocols, an application-development layer that developers use to compose across any number of chains. Once integrated, all new interconnected blockchains become interoperable with the application, resulting in limitless network effects.

What is Axelar?

Axelar is a decentralized network designed to facilitate secure cross-chain communication for Web3 applications. It enables decentralized application (dApp) users to interact seamlessly with assets and applications across various blockchain networks through a single click. The network comprises a decentralized validator set, a suite of protocols and APIs, and gateway smart contracts that collectively provide cross-chain connectivity.

How Does Axelar Work?

Axelar operates as an overlay network that delivers Turing-complete message passing via a proof-of-stake (PoS) consensus mechanism. Developers can utilize Axelar's APIs to create dApps that integrate users, functions, and assets across multiple blockchains securely. The network supports cross-chain token transfers by wrapping native tokens into ERC-20 versions, enabling interoperability between different blockchain ecosystems.

What Makes Axelar Unique?

Axelar distinguishes itself through its decentralized nature, allowing open participation in its network. It offers universal connectivity by bridging various blockchain networks, regardless of their consensus models, whether Proof-of-Work (PoW) or Proof-of-Stake (PoS). The network excels in cross-ecosystem message routing and translation capabilities and is developer-friendly, facilitating integration and innovation on its platform.

Who Are the Founders of Axelar?

Axelar was founded by Sergey Gorbunov and Georgios Vlachos in 2020. Both were founding team members at Algorand and are graduates of the Massachusetts Institute of Technology (MIT). Sergey Gorbunov holds a PhD in cryptography and distributed systems, while Georgios Vlachos has a master's degree and is a gold medalist at the International Mathematical Olympiad.

Latest News

What Key Events Have There Been for Axelar?

In March 2025, the Axelar Foundation disclosed strategic AXL token sales worth $30 million, aimed at enhancing its interoperability protocol. Additionally, in April 2025, Axelar announced a partnership with Babylon, a top Bitcoin staking protocol, to launch its L1 mainnet, Genesis, and native crypto asset, BABY.

Project Announcements

In March 2025, Axelar introduced the Mobius Development Stack (MDS), a reimagined Web3 design space aimed at advancing cross-chain programmability. This development was part of Axelar's ongoing efforts to establish cross-chain interoperability standards and expand institutional partnerships.

Upcoming Events

No data

Projects Announcements

Where to Buy Axelar?

Axelar (AXL) tokens can be traded on several exchanges, including Bitget, which offers industry-leading trading fees and depth to ensure profitable investments for traders.

Axelar Price

Daily Trading Volume

$10.69 million, with a 3.87% increase over the last 24 hours.

All-Time High

$2.66 on March 1, 2024, representing an 87.92% decrease from the current price.

All-Time Low

$0.2745 on April 7, 2025, representing a 16.93% increase from the current price.

Market Cap and Valuation

Market Cap

$318.88 million, ranking #145 among cryptocurrencies.

Fully Diluted Valuation

$387.48 million, considering the total supply of 1.2 billion AXL tokens.

Axelar Price Prediction

While specific price predictions are speculative, factors influencing Axelar's price include market sentiment, adoption rates, and developments within the blockchain interoperability space. As of now, there are no available forecasts from reliable experts or publications.

FAQ

What is the Purpose of Axelar?

How Can I Participate in Axelar's Ecosystem?

What Sets Axelar Apart from Competitors?

Is Axelar Secure?

What are the Risks Associated with Axelar?

Community Sentiment

7.75K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.