BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

BITCOIN

₹59,85,371.41

2.847%

ETHEREUM

₹3,13,149.89

1.334%

TETHER USDT

₹91.10

0.012%

BNB

₹53,056.58

1.728%

SOLANA

₹15,726.81

3.759%

USDC

₹91.09

0.005%

XRP

₹54.29

2.182%

DOGECOIN

₹11.87

5.802%

CARDANO

₹37.16

4.863%

TRON

₹12.22

1.111%

AVALANCHE

₹2,614.37

11.867%

SHIBA INU

₹0.001549

3.807%

POLKADOT

₹539.08

3.823%

CHAINLINK

₹1,259.83

1.904%

BITCOIN CASH

₹33,294.43

6.074%

NEAR PROTOCOL

₹518.23

6.316%

LITECOIN

₹6,620.64

0.533%

POLYGON

₹48.52

0.954%

PEPE

₹0.001109

0.902%

UNISWAP

₹696.61

3.918%

Home

/

Coins

/

Axelar

AXL

Axelar

AXL

₹61.13

LIVE

24H Low ₹59.85

24H High ₹66.48

Price of AXL today

The current live price of AXL today is ₹61.13, with a 24-hour trading volume of ₹1,70,78,71,924.20. Our AXL to INR price is updated in real-time. AXL has seen a decrease of -6.67% in the last 24 hours. With a live market cap of ₹44,45,36,23,486.94 , the circulating supply is at 729,454,468 AXL coins, with a maximum supply of 1,159,414,800AXL coins.

Axelar Price History

Date ComparisonAmount Change% Change
Today-₹5.08

7.68%

7 Days-₹9.13

12.99%

30 Days₹10.10

19.8%

1 Year₹0.00

0%

Axelar Price Information

Price Change (1hr)

8.75%

Price Change (24hr)

7.68%

Price Change (7d)

12.99%

Axelar Market Stats

Market Cap

₹44,45,36,23,486.94

Fully Diluted Market Cap

₹70,65,57,99,982.68

24hr Volume

₹1,70,78,71,924.20

35.6%

Circulating Supply

729454467.98 AXL

Total Supply

1159414800.05 AXL

Things to know about Axelar

What is the Axelar (AXL) Token?

Axelar (AXL) is the native utility token of the Axelar network, which is designed as a decentralized cross-chain communication platform. The Axelar network aims to provide secure and seamless interoperability between various blockchain ecosystems, enabling developers and users to interact with multiple chains through a single protocol. The AXL token plays a crucial role in maintaining the network’s security, governance, and economic incentives. It is used for staking by validators who secure the network, participate in governance decisions, and pay transaction fees within the Axelar ecosystem.

Tokenomics

  • Total Supply:

  • 1,144,341,811 AXL.

  • Initial Distribution:

  • 36% to Community Programs, 29.5% to Backers, 17% to Team, 12.5% to Company Operations, and 5% to Community Sales.

  • Validator Rewards:

  • Part of the token distribution to incentivize network security and participation.

  • Inflation Over Time:

  • Designed to encourage long-term network maintenance and ecosystem growth.

Market Data

As of today #{today’s date}, the price of Axelar is ₹61.13 INR or 0.671 USD, with a 24-hour trading volume of 18747222 USD. The market capitalization for Axelar is 487965131.58USD. The circulating supply is 729454467.98 Axelar, with the total supply also being 1159414800.05 Axelar.

Token Pros and Cons

Pros:

  • Interoperability:

  • AXL underpins a network that connects over 50 blockchains, facilitating cross-chain communication and transactions.

  • Decentralization:

  • The token distribution and staking mechanisms promote a comprehensive and decentralized validator set, enhancing network security.

  • Ecosystem Incentives:

  • Developers are incentivized to build cross-chain capabilities into their applications using Axelar’s SDKs and APIs.

  • Governance Participation:

  • AXL holders can participate in governance decisions that influence the network’s future direction.

  • Custody and Security:

  • Institutional-grade custody solutions like Anchorage Digital support AXL, providing a secure storage option for token holders.

Cons:

  • Market Volatility:

  • As with all cryptocurrencies, AXL’s price is subject to high market volatility, which can lead to significant price fluctuations.

  • Regulatory Risks:

  • Changes in cryptocurrency regulations could impact the utility and value of AXL tokens.

  • Technical Risks:

  • The Axelar network’s reliance on complex cross-chain communication introduces technical risks that could affect the token’s utility.

  • Competition:

  • AXL faces competition from other interoperability solutions, which could affect its adoption and value.

  • Early Stage:

  • As a relatively new project, there are uncertainties regarding its long-term adoption and success.

Why Should You Invest in the Coin?

  • Growing Need for Interoperability:

  • The increasing number of blockchain ecosystems creates a demand for interoperable solutions, which Axelar aims to provide.

  • Strong Backing:

  • Axelar has raised capital from top-tier investors, including Binance and Coinbase Ventures, indicating confidence in the project.

  • Active Development:

  • The network’s continuous development and partnerships with leading protocols suggest a commitment to growth and innovation.

  • Community Governance:

  • The decentralized governance model empowers AXL holders to shape the network’s future, potentially increasing its value.

  • Utility and Rewards:

  • Staking AXL tokens can secure passive rewards, and the token’s utility within the network may drive demand.

USP of the Coin

  • Universal Overlay Network:

  • Axelar connects a wide range of blockchains, including EVM and non-EVM chains, with a universal approach.

  • Simplified Developer Experience:

  • The network provides developers with tools and APIs for easy integration of cross-chain functionality.

  • Security Focus:

  • Axelar emphasizes security in cross-chain communication, using proof-of-stake consensus and other security features.

Problem the Coin is Solving

Axelar addresses the fragmentation in the blockchain space by enabling different blockchains to communicate and share value seamlessly. It solves the interoperability problem, allowing users and developers to interact with any asset or application across multiple chains without needing multiple wallets or complex integrations.

Founder and Team Background

The Axelar network was co-founded by Sergey Gorbunov and Georgios Vlachos, who have extensive cryptography and blockchain technology backgrounds. The team comprises experts with experience in building secure and scalable distributed systems.

ICO Price

  • ICO Price:

  • $1.00.

  • Listing Date:

  • 27th September 2022.

Risks Associated in Investing in the Coin

  • Interoperability Complexity:

  • The technical complexity of interoperability solutions may lead to challenges in adoption and potential vulnerabilities.

  • Dependence on Network Growth:

  • The value of AXL is closely tied to the growth and adoption of the Axelar network.

  • Competition Risk:

  • The space for cross-chain interoperability solutions is competitive, with multiple projects vying for market share.

  • Liquidity Risk:

  • As a newer token, AXL may face liquidity risks that can impact price stability and trading.

  • Token Dilution:

  • The release of new tokens according to the distribution schedule may dilute the value of existing tokens.

Summary of the Whitepaper

The Axelar whitepaper outlines a comprehensive framework for a decentralized network that enables secure and seamless cross-chain communication. The network is designed to address the interoperability challenges in the blockchain ecosystem, allowing for the transfer of value and information across different chains.

At the core of Axelar’s design is a decentralized network of validators that operate using a proof-of-stake consensus mechanism. This network is responsible for routing messages between chains and ensuring the integrity and security of cross-chain transactions. Validators are incentivized through the AXL token, which is used for staking, governance, and payment of transaction fees.

The whitepaper details the technical architecture of the Axelar network, including its use of gateway intelligent contracts, a software development kit (SDK), and application programming interfaces (APIs) that facilitate the development of decentralized applications (dApps) with cross-chain capabilities. The network’s infrastructure is built to be scalable, supporting a growing number of blockchains and transactions over time.

One of the critical features of Axelar is its ability to provide a uniform interface for developers, allowing them to build applications that can interact with any blockchain in the network without the need for specialized knowledge of each chain’s protocol. This is achieved through Axelar’s gateway contracts, which serve as entry and exit points for cross-chain messages and assets.

The whitepaper also discusses the security measures implemented by Axelar to protect against attacks and ensure the fidelity of cross-chain communication. These measures include the use of threshold cryptography, rate-limiting functionality to minimize the impact of potential attacks, and a robust validator set to decentralize control and enhance network resilience.

Regarding governance, Axelar employs a community-driven approach, where AXL token holders can propose and vote on changes to the network. This includes decisions on fee structures, protocol upgrades, and the addition of new blockchains to the network.

Overall, the Axelar whitepaper presents a vision for a more interconnected blockchain ecosystem, where the barriers between chains are broken down, and developers and users can freely interact with assets and applications across multiple platforms. The network’s emphasis on security, scalability, and developer accessibility positions it as a potential key player in the advancement of Web3 interoperability.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9110

0%

AXL to Converter

Quantity

AXL

AXL

Price

fiat

Price as per 03:03 AM • 24 Jul 2024

Recently Added Cryptocurrencies

Introducing the newly added cryptocurrencies on Mudrex.

Popular Conversion Pairs

A list of popular conversion pairs, including both fiat and cryptocurrencies.

Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Axelar (AXL)?

The current price of Axelar (AXL) in INR is ₹61.13 INR.

What is the current AXL market cap?

The current market capitalization of Axelar (AXL) is ₹44,45,36,23,486.94 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of AXL by the number of coins in circulation.

What is the current supply of Axelar (AXL)?

The current supply of Axelar (AXL) is 729454467.98 AXL. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Axelar (AXL)?

The 24-hour trading volume of Axelar (AXL) in INR is ₹1,70,78,71,924.20. This figure represents the total value of all AXL transactions across various exchanges within the last 24 hours.

How to Buy Axelar (AXL) in India?

To buy Axelar (AXL) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in AXL.

Can I buy Axelar (AXL) with UPI?

Yes, you can buy Axelar (AXL) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Axelar (AXL) to Indian Rupee (INR)?

To convert Axelar (AXL) to Indian Rupee (INR), you can use our AXL/INR conversion rates in real time.

2024 Mudrex Inc.

Address:

4th floor, 315 Work Avenue Building, 257, 16th Cross, 5th Main Rd, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102