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Updated 05:45 AM UTC

AXL Axelar

$0.0488

$0.0009

(1.98%)

Today

Mkt Cap$61.08M

Vol3.9M

About Axelar

Axelar delivers secure interchain communication. That means dApp users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus. Axelar is a blockchain that connects blockchains. To do this securely, Axelar network uses proof-of-stake consensus. Network validators produce new blocks, participate in multiparty signing and vote on external chain states. Tokenholders stake the AXL token, delegating tokens to a validator’s staking pool and receiving rewards, minus the validator’s commission. The AXL token is used for governance and to pay network transaction fees to validators and tokenholders. However, users of the Axelar network do not need to hold the token. Conversions into AXL tokens and destination-chain tokens are handled on the back end, so that users need only pay gas once, in the source-chain token. Axelar network rewards are “inflationary” — they increase the total supply of AXL — but there is potential for supply to become deflationary based on the transaction fee mechanic described above.

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Another Major XRP Ledger-Based Project Moves to Solana. Here’s why

Anodos Finance CEO Panos has explained why the company is expanding to Solana after spending three years building products for the XRP Ledger (XRPL). He cited delays in delivering key network features, missing integrations, and limited support for developers as major obstacles to...

Crypto News - Latest Cryptocurrency News

Another Major XRP Ledger-Based Project Moves to Solana. Here’s why

Crypto News - Latest Cryptocurrency News

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Three Mistakes When Setting Up Trust Wallet: The Twelve Words Never Belong on the Phone

Trust Wallet is set up in five minutes, yet three mistakes in those minutes regularly cost the entire balance. This guide covers the six steps, the real cost of a swap, and what applies in Germany on the holding period and supervision.

CryptoTicker

XRP Price Is Doing Something It Has Never Done Before, Analyst Maps $5 To $13

XRP price has pulled back from its recent move toward $1.70, but EGRAG CRYPTO believes something far more important is developing on the longer timeframe. His latest XRP chart focuses on the Gaussian Channel on the 2 week timeframe. Previous XRP cycles followed a familiar pattern...

Captain Altcoin

Ripple seeks withdrawal of XRPL bridge amendment

Ripple recommends withdrawing the XRP Ledger’s XLS-38 bridge amendment, citing Axelar adoption, weak developer demand and maintenance costs.

crypto.news

Ripple Seeks XChainBridge Removal to Cut Over 10,000 Code Lines

Ripple has urged the XRP Ledger community to withdraw XChainBridge, the pending amendment also known as XLS-38. An August 27 recommendation also targets the related fixXChainRewardRounding amendment. The company says Axelar already handles the XRPL EVM Sidechain’s main bridging n...

CoinCryptoNews

Ripple recommends withdrawing XLS-38 cross-chain bridge from XRP Ledger

🚨 Ripple urges the XRP Ledger community to withdraw the XLS-38 cross-chain bridge amendment. 📉 Ripple cites lack of developer demand and says Axelar now fully covers the use case. 🔗 Axelar connects over 50 blockchains and operates with more than 75 validators. 💡 The XLS-38 re...

COINTURK NEWS

Ripple Reconsiders XLS 38 Strategy on XRP Ledger

Ripple has recommended withdrawing the XChainBridge, known as XLS 38, from the XRP Ledger network. The company cited that the initially intended major use case for this technology is no longer essential, and the demand from developers has been insufficient. Continue Reading:Rippl...

BH NEWS

Printr to shut down by Aug. 31 with no token airdrop

Printr has started closing its token launch platform and will end all operations by Aug. 31 after failing to secure the capital and distribution support needed to continue. Printr shutdown begins with automatic unstaking Printr said in an official Aug.…

crypto.news

Blockchain Interoperability: A Technical Guide for Engineers

Explore blockchain interoperability with this technical guide, detailing mechanisms, security trade-offs, and practical implementation strategies for...

Blockchain Reporter

Cosmostation Wallet to Shut Down Sept. 1 as Users Urged to Back Up Keys

Summary Cosmostation will discontinue its Wallet service, leaving users with recovery phrase and private key export access for asset migration purposes. Cosmostation’s infrastructure spans Mintscan, validator services, APIs, monitoring systems, and interoperability tools supporti...

36Crypto

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