Axelar Information

Axelar is a decentralized network designed to facilitate secure cross-chain communication between blockchain networks. It provides a robust infrastructure that enables developers to seamlessly integrate and interact with multiple blockchain ecosystems. By utilizing Axelar’s technology, projects can enhance their interoperability capabilities, paving the way for a more connected and efficient blockchain landscape.

Axelar

$0.61

Title : Axelar
Symbol : axl
Current Price $ : 0.614574 $
High 24h : 0.632056 $
Low 24h : 0.576268 $
Price Change 24h : 0.01288718 $
Price Change % 24h : 2.14184 %
Market Cap : 553609639
Whitepaper : https://axelar.network/axelar_whitepaper.pdf
Website : https://axelar.network/
Total Volume : 14717784
Market Cap Change 24h : 9934739
Market Cap Change % 24h : 1.82733 %
Circulating Supply : 900989642.00587
Total Supply : 1186849057.6219
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 2.64
ATH Change % : -76.76174 %
ATH Date : 2024-03-01 09:20
All Time Low (ATL) : 0.312911
ATL Change % : 96.34931 %
ATL Date : 2023-10-26 16:35

more information

Introduction to Axelar

Axelar is a prominent player in the world of cryptocurrency, recognized for its pioneering approach to solving interoperability issues among blockchain networks. Acting as a bridge, Axelar supports cross-chain applications and facilitates seamless communication between various blockchain ecosystems, significantly boosting the usability and integration of decentralized technologies.

Features and Innovations

Axelar’s primary innovation lies in its decentralized network that ensures secure communication across diverse blockchains. By providing both a protocol and a suite of developer tools, Axelar empowers developers to build cross-chain applications with minimal friction. This capability is essential for cementing the interoperability that the blockchain community has long sought.

Advantages of Axelar

One of Axelar's key advantages is its ability to securely link multiple blockchain ecosystems, enabling data and value transfers across chains without the need for centralized exchanges. This decentralization enhances security and resilience, reducing points of failure that centralized systems may present. Additionally, Axelar's adaptable architecture allows it to support numerous blockchain networks, ensuring widespread applicability and future-proofing its growth.

Challenges and Drawbacks

Despite its advantages, Axelar faces several challenges. The complexity of maintaining interoperability across ever-evolving blockchain protocols can be daunting. Potential security vulnerabilities, though minimized by decentralization, remain a concern, especially given the increasing sophistication of cyber threats. Furthermore, Axelar must contend with competition from existing and emerging interoperability solutions, necessitating continual innovation and improvement.

Historical Performance

The price history of Axelar has been marked by volatility common to the cryptocurrency market. After reaching its all-time high of $2.64 on March 1, 2024, the token has consistently traded below this level, with a notable dip to its all-time low of $0.312911 on October 26, 2023. Since then, Axelar has shown resilience and growth, with current trading prices reflecting a significant recovery at 156.80% above its ATL.

Market Position and Future Outlook

Currently, Axelar holds a market capitalization of approximately $658,870,259, with active trading volumes indicating robust interest and liquidity. Despite recent fluctuations, the technology underlying Axelar suggests promising prospects. Its critical role in enabling blockchain interoperability positions it as a crucial component in the expanding decentralized finance (DeFi) landscape.

Conclusion

Axelar stands out as a noteworthy contributor to the blockchain ecosystem, particularly with its focus on interoperability. While it faces certain challenges, its innovations and strategic position in a key market niche provide a solid foundation for future growth. As blockchain technologies continue to mature, Axelar's role in ensuring seamless cross-chain communication is likely to become even more vital, presenting exciting opportunities for investors and developers alike.

General Information
from price $1
Title Axelar
Symbol axl
Whitepaper https://axelar.network/axelar_whitepaper.pdf
Website https://axelar.network/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.614574 $
High 24h 0.632056 $
Low 24h 0.576268 $
Price Change 24h 0.01288718 $
Price Change % 24h 2.14184 %

Market Data
Market Cap 553609639
Total Volume 14717784
Market Cap Change 24h 9934739
Market Cap Change % 24h 1.82733 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 900989642.00587
Total Supply 1186849057.6219
Max Supply -

Historical Data
All Time High (ATH) 2.64
ATH Change % -76.76174 %
ATH Date 2024-03-01 09:20
All Time Low (ATL) 0.312911
ATL Change % 96.34931 %
ATL Date 2023-10-26 16:35