About Axelar Wrapped Ether
What is the project about? axlETH is a wrapped, multi-chain representation of Ethereum. For each unit of axlETH, there is a unit of ETH locked in an Axelar Gateway on Ethereum. axlETH is secured by a dynamic validator set running delegated Proof-of-Stake, which holds key shares in the Axelar Gateways via multi-party cryptography. Acquire axlETH in three ways: Swap via liquid pairs on any of the DEXs listed here. Swap via Squid, a cross-chain liquidity router built on Axelar. Mint via Satellite, a cross-chain bridge built by Axelar How is axlETH secured? Like all Axelar-wrapped assets, axlETH's security depends on a dynamic validator set (numbering 75 at this writing), running delegated proof-of-stake. In other words, Axelar secures cross-chain communication using the same approach as many of the chains it connects. Units of axlETH are minted when a user deposits USDC into a Gateway contract on the Ethereum chain. Axelar's decentralized validator set secures these Gateways via key shares in a multiparty cryptography scheme. Here's a brief explanation of Gateways and how they are secured, from the "Learn More" section of the Axelar documentation: Once a cross-chain message is initiated by a dApp user, its first stop is to interact with an Axelar Gateway. On each chain connected to Axelar network, a Gateway is deployed. On EVM chains, it is a smart contract address. On Cosmos and other non-EVM chains, it is an application with logic and the ability to communicate with Axelar network. This Gateway is used to receive messages from a connected dApp and send them into the Axelar network for routing to any connected chain. The Gateway is controlled by a key, which is held jointly by all Axelar validators. This is accomplished through a multiparty cryptography scheme, where the key is divided into many pieces, called key shares. Each validator holds many key shares, and the amount of shares is dictated by the amount AXL tokens staked with the validator.
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Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circulating Supply
Not enough data
Max Supply
Not enough data
Total Supply
Not enough data
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$84,412.00
0.05%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1,663.58
Overall Price Change (1Y)
-0.38%
Additional info about Axelar Wrapped Ether
Recent trends
The price of Axelar Wrapped Ether has decreased by 0.61% in the last hour and increased by 5.36% in the past 24 hours. Axelar Wrapped Ether’s price has also fallen by 7.55% in the past week. The current price is $1,653.32 per AXLETH with a 24-hour trading volume of $84.41K. Currently, Axelar Wrapped Ether is valued at 0.62% below its all time high of $1,663.58. This all-time high was the highest price paid for Axelar Wrapped Ether since its launch. The current circulating supply of Axelar Wrapped Ether is 0 AXLETH which means that Axelar Wrapped Ether has as total market cap of $0.00.
Market details
AXLETH vs markets
↘ 42%
AXLETH vs BTC
↘ 53.36%
AXLETH vs ETH
↗ 13.58%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Arbitrum | 0xb829b68f57CC546dA7E5806A929e53bE32a4625D | |
Kava | 0xb829b68f57cc546da7e5806a929e53be32a4625d | |
Secret | secret139qfh3nmuzfgwsx2npnmnjl4hrvj3xq5rmq8a0 | |
Evmos | 0x50de24b3f0b3136c50fa8a3b8ebc8bd80a269ce5 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1,653.32 | ↗ 5.36% |
1 Day | $1,568.93 | ↗ 5.36% |
1 Week | $1,784.50 | ↘ 7.55% |
1 Month | $1,881.85 | ↘ 12.33% |
1 Year | $2,655.97 | ↘ 37.88% |
FAQ
We update our Axelar Wrapped Ether to USD currency in real-time. Get the live price of Axelar Wrapped Ether on Coinbase.
The current market cap of Axelar Wrapped Ether is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Axelar Wrapped Ether is $1,663.58. This all-time high is highest price paid for Axelar Wrapped Ether since it was launched.
Over the last 24 hours, the trading volume of Axelar Wrapped Ether is $84.41K.
Assets that have a similar market cap to Axelar Wrapped Ether include CatFrogDogShark, Aave Polygon WBTC, Aave Polygon WMATIC, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Axelar Wrapped Ether is 0.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.