What's AXL token?

AXL is the native currency of a growing blockchain economy that is chain-agnostic. It is used to pay fees and provide security on the Axelar network, a programmable interchain layer supporting permissionless infrastructure, tools and services.

TOP EXCHANGES LISTING AXL

How AXL works

Security

Axelar is a proof-of-stake network, like most of the chains it connects: AXL incentivizes the largest, most dynamic validator set of any cross-chain provider, for decentralized security and governance.

Programmability

AXL makes Axelar a blockchain that connects blockchains, handling any payload via Axelar General Message Passing (GMP) and automating complex tasks via the Axelar Virtual Machine (AVM).

Fees + metrics

AXL is the fee-market token for a network of cross-chain services, including security, routing and developer tools. Growth in this economy is measured using a new set of cross-chain metrics.

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All things AXL

Staking AXL

Anyone can provide security on the network by staking AXL via a dynamic set of blockchain validators.

Liquidity pools

Leading decentralized exchanges (DEXs) provide liquidity pools to support wide availability of AXL.

Exchange listings

Leading centralized exchanges (CEXs) and DEXs support pairs with native AXL and wAXL.

AXL + wAXL

AXL is issued using Cosmos SDK, but the token is available on any EVM chain in a wrapped version, wAXL.

Token economics

The token economics for AXL are geared towards the creation of a token economy that supports Axelar network.

Community initiatives

The Axelar community is engaged, earning AXL through activities that support the network.

AXL powers decentralized governance

In addition to keeping transactions permissionless and secure, AXL powers governance of the Axelar protocol, allowing a community of stakeholders to set parameters and approve updates.

AXL token FAQ

At a high level, AXL is designed to help Axelar network achieve four outcomes as a universal connector of blockchain ecosystems; Security, decentralization, longevity and ecosystem growth.