Axelar
AXL Rank #395Price chart
What is Axelar?
Origins and purpose
Sergey Gorbunov and Georgios Vlachos co-founded Axelar after contributing to Algorand's founding team. AXL became publicly transferable in September 2022. General Message Passing allows a contract on one connected chain to request execution on another. Messages can carry instructions alone or include a supported token transfer. The Interchain Token Service adds infrastructure for deploying and managing tokens across connected networks.
Cross-chain execution
A source application sends its payload through an Axelar gateway. The network verifies the source-chain event and authorizes the destination call. Relayers deliver that authorization to the receiving gateway, and an executor invokes the destination application. A gas service lets users prepay the route using supported source-chain assets. Completion requires the relevant gateway approval and successful execution on the destination chain.
AXL and network economics
AXL is staked to secure Axelar's validator consensus and participates in governance. The gas service converts source-chain payments into the assets needed along the transaction route, including AXL. Under the Cobalt upgrade, 98 percent of Axelar transaction fees go to burning and two percent to the community pool. Staking emissions can add supply, while fee burns remove it. New Amplifier connections use verifier reward pools funded from existing AXL rather than adding a separate inflation allowance for each chain.
Where to trade AXL
48 exchanges · top 10
Live spot quotes from connected exchanges
AXL funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.