Axelar is a decentralized network that aims to connect different blockchain ecosystems, allowing for seamless interoperability and communication between them. It provides a secure and scalable infrastructure for cross-chain communication, enabling the transfer of assets, data, and messages across multiple blockchains.
The native token of the Axelar network is called AXL. It was launched in 2022. AXL has a current supply of 1,132,075,780.619051 tokens, with 557,295,876.106747 tokens in circulation. The token is used within the Axelar network for various purposes, including governance, staking, and transaction fees.
AXL is available on multiple blockchains, including Ethereum, Binance Smart Chain (BEP20), Polygon, Avalanche C-Chain, Arbitrum, Osmosis, Base, Optimism, Mantle, Linea, and Fantom. This multi-chain approach ensures that the Axelar network can connect and interact with various blockchain ecosystems.