AXL token
Overview
AXL is the native utility token of the Axelar network, a decentralized cross-chain communication protocol. It is used for network governance, staking to secure the network, and paying transaction fees for cross-chain transfers.
Within the DeFi Intel graph, AXL connects to 3 tracked entities, most strongly to Axelar Network, Axelar, Axelar.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Axelar Network | 90% |
supports_token | Axelar | 90% |
deployed_on | Axelar | 85% |
Frequently asked questions
What is AXL?
AXL is the native utility token of the Axelar network, a decentralized cross-chain communication protocol.
What is AXL used for?
AXL is used for network governance, staking to secure the network, and paying transaction fees for cross-chain transfers.
What network does AXL support?
AXL supports the Axelar network and the Axelar Network.