Question 1

What Is Axelar (AXL)?

Accepted Answer

Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) network and tools to help builders of [decentralized applications](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (dApps) with seamless [cross-chain communication](https://coinmarketcap.com/alexandria/glossary/cross-chain-communication) through its protocol suite, tools and APIs.

Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) for [cross-chain](https://coinmarketcap.com/alexandria/glossary/cross-chain) connectivity.

Powered by a decentralized network of [validators](https://coinmarketcap.com/alexandria/glossary/validator), anyone can join the network, build on it, or use it. Apps builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism).

AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) versions, including [AVAX](https://coinmarketcap.com/currencies/avalanche/) (Avalanche), [ETH](https://coinmarketcap.com/currencies/ethereum/) (Ethereum), [FTM](https://coinmarketcap.com/currencies/fantom/) (Fantom), [GLMR](https://coinmarketcap.com/currencies/moonbeam/) (Moonbeam), and [MATIC](https://coinmarketcap.com/currencies/polygon/) (Polygon).

Meanwhile, Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital and others.

Question 2

Who Are the Founders of Axelar?

Accepted Answer

The blockchain platform was launched in 2020 by Georgios Vlachos and Sergey Gorbunov, both part of the founding team at Algorand. While Georgios designed the Algorand consensus protocol, Sergey led the effort to standardize BLS signatures, a standard that is now adopted as a draft in CFRG and was followed by Ethereum 2.0 implementations and others.

Sergey is an assistant professor at the University of Waterloo in Canada.

Question 3

What Makes Axelar Unique?

Accepted Answer

One thing that sets Axelar apart is its secure cross-chain communication over a dynamic validator. While a handful of projects are using optimistic setups and federated multi-sig, Axelar claims to be the only network building these capabilities on Proof-of-Stake.

Furthermore, the blockchain project has built protocols, APIs, and developer tools that make it easy for application developers to build cross-chain, without the need to learn a new programming language. “Our value proposition to the developer is that they can build on the chain that best suits their use case and background, while letting their users access anything on the decentralized web, with one click,” said co-founder Georgios Vlachos.

Question 4

What Is the Circulating Supply of AXL Tokens?

Accepted Answer

Axelar has a total token supply of 1,042,619,974 AXL tokens at the time of writing, and a circulating supply of 175,645,286 AXL.

Question 5

Where Can You Buy Axelar?

Accepted Answer

Axelar (AXL) tokens can be purchased on numerous exchanges, including: [Coinbase](https://coinmarketcap.com/exchanges/coinbase-exchange/), [Kraken](https://coinmarketcap.com/exchanges/kraken/), [Uniswap v3](https://coinmarketcap.com/exchanges/uniswap-v3/), [Huobi](https://coinmarketcap.com/currencies/axelar/markets/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) and more.

New to crypto? Learn [how to buy Bitcoin](https://coinmarketcap.com/how-to-buy-bitcoin/) and other crypto with our guide.

Axelar árAXL $0.3755

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Értékelés · 3 intézményi értékelés alapján

What Is Axelar (AXL)?

Who Are the Founders of Axelar?

What Makes Axelar Unique?

What Is the Circulating Supply of AXL Tokens?

Where Can You Buy Axelar?

Axelar $60M Startup Ecosystem Program

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