Wrapped Axelar Price (WAXL)

Coinbase supports ("Wrapped Axelar"), an ERC-20 version of Axelar. This wrapped version allows Axelar's native tokens to be used in the Ethereum ecosystem, including in decentralized finance (DeFi) applications, exchanges, and other smart contract interactions. Holders of WAXL can convert their tokens to native AXL tokens and vice-versa.

Axelar is a decentralized network that strives to facilitate secure cross-chain communication for Web3. It provides a suite of tools and APIs that assist developers in creating decentralized applications (dApps) with 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 an important 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 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 requiring 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 support for the cross-chain transfer of several native tokens increases its potential use cases, enabling seamless interaction between different blockchain ecosystems.

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 resources from various investors. In December 2022, Axelar launched a $60 million development support program aimed at accelerating the development of decentralized applications and protocols.

We update our Wrapped Axelar to GBP currency in real-time. Get the live price of Wrapped Axelar on Coinbase.

The current market cap of Wrapped Axelar is £527.19M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Wrapped Axelar is £2.97. This all-time high is highest price paid for Wrapped Axelar since it was launched.

Over the last 24 hours, the trading volume of Wrapped Axelar is £10.74M.

Assets that have a similar market cap to Wrapped Axelar include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Wrapped Axelar is 881 million.

The median time that Coinbase customers hold Wrapped Axelar before selling it or sending it to another account or address is 4 days.

Wrapped Axelar ranks 295 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Wrapped Axelar is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Wrapped Axelar guide.