Buy Axelar (AXL)
What is Axelar?
Axelar is a decentralised blockchain network designed to enhance interoperability and scalability across different blockchain ecosystems. It operates as an open-source network, allowing developers and builders to easily program cross-chain logic and exchange data seamlessly across various blockchain ecosystems.
How does Axelar work?
Axelar operates as a decentralised network built using the Cosmos SDK, CometBFT, and CosmWasm Virtual Machine (VM). It uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, involving validators who stake AXL tokens to participate in consensus and vote on the legitimacy of cross-chain events. Axelar supports smart contracts at the cross-chain layer, enabling the deployment of interoperable smart contracts across different blockchains.
What are the potential use cases for Axelar?
Axelar enables cross-chain liquidity and asset transfers, NFT minting and trading across different blockchains, decentralised finance (DeFi) applications, and the tokenization of real-world assets for transactions across multiple blockchains. It supports sectors like DeFi, NFTs, and real-world asset tokenization.
What is the history of Axelar?
Axelar was founded in June 2020 by Sergey Gorbunov and Georgios Vlachos. The network launched its main network in 2022 and has since integrated with over 50 chains. It has collaborated with major companies like Mastercard and Circle, and its technology has evolved to enhance cross-chain interoperability and scalability.
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Frequently Asked Questions (FAQs)
What is the current price of Axelar (AXL)?
The Axelar price is $1.1976 AUD, representing a -6.48% from the day prior.
Where is the best place to buy Axelar (AXL) in Australia?
The best place to buy Axelar (AXL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Axelar (AXL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Axelar (AXL)?
The trading volume of Axelar (AXL) is $27.9M AUD in the last 24hrs, representing a -6.48% from the day prior.
How can I buy Axelar (AXL)?
Axelar (AXL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Axelar (AXL)?
The current market cap of Axelar (AXL) is $1.0B AUD.
Can I convert Axelar (AXL) to cash?
Yes - With Coinstash you can convert your Axelar (AXL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Axelar (AXL) are there?
The current circulating supply of Axelar (AXL) is 880.9M.
Is Coinstash a safe place to buy Axelar (AXL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Axelar (AXL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.