Axial Price (AXIAL)

Axial is a DeFi protocol built on the Avalanche platform. The platform is a fully decentralized and self-collected application, a primary feature for the liquidity of value-pegged assets in the ecosystem. Pegged assets are linked to a specific value of a bank-issued currency or other commodities. AXIAL is the native governance token of the Axial platform. 

The primary features of the protocol seek to include swapping stablecoins alongside other bridged or synthetic assets on Axial at reduced fees compared to other decentralized exchanges. Synthetic assets are tokenized derivatives that mimic the value of another asset. Another feature is seeking to give liquidity to the protocol and gain risk-averse returns through others utilizing a user’s liquidity to perform trades and AXIAL incentives.

Axial provides liquidity for value-pegged assets. The platform aims to drastically lower swap fees for these value-pegged assets and seeks to offer lower slippage on trades of high volumes. Also, there aims to be little to negligible temporary loss while providing liquidity. 

Swapping between value pegged assets with Axial seeks to provide users with better rates than other exchanges. This happens because of the low fees users have to pay and the different underlying models used to figure out token values and swaps. Users can seek to gain much lower slippage on trades irrespective of the size of the trade-in volume with the help of the two tokens per pool model. Slippage is the difference between the price a user expects to get on the crypto order and the price the user actually gets when the order is executed.

All users need to do is select a token to trade and a token to trade for, and then Axial’s smart contracts seek to find the best way to implement the user’s trade based on the available liquidity and get the best results possible. Smart contracts are just like regular contracts, but instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. 

Additionally, providing liquidity on Axial aims to result in users gaining transaction fees from other users in any existing pool and any AXIAL token incentives allotted to that pool. Users can trade any combination of tokens. They can put four tokens in equal amounts in a four-token pool or one at a time. 

Users can also trade tokens that seek to help balance the pool and earn a discount. When users put some tokens into the AS4D vault, they aim to receive AS4D tokens (receipt tokens) in return. 

Axial was launched by Snowball DAO in November 2021 and has a maximum total supply of 365,000,000 tokens. 

We update our Axial to USD currency in real-time. Get the live price of Axial on Coinbase.

The current market cap of Axial is $5.71K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Axial is $0.000074. This all-time high is highest price paid for Axial since it was launched.

Over the last 24 hours, the trading volume of Axial is $156.92.

Assets that have a similar market cap to Axial include Etherparty, Napoleon X, WePower, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Axial is 107 million.