Axelar Bridged USDCPrice(AXLUSDC)
Details Axelar Bridged USDC (AXLUSDC) Price information (USD)
The current real-time price of AXLUSDC is $0.9998. In the past 24 hours, AXLUSDC has traded between $0.9968 and $1.001, showing strong market activity. The all-time high of AXLUSDC is $1.23, and the all-time low is $0.8583.
From a short-term perspective, the price change of AXLUSDC over the past 1 hour is
Axelar Bridged USDC (AXLUSDC) Market Information
Axelar Bridged USDC (AXLUSDC) Today's Price
The live price of AXLUSDC today is $0.9998, with a current market cap of $0. The 24-hour trading volume is 1M. The price of AXLUSDC to USD is updated in real time.
Axelar Bridged USDC (AXLUSDC) Price History (USD)
What is AXELAR BRIDGED USDC (AXLUSDC)?
When is the right time to buy AXLUSDC? Should I buy or sell AXLUSDC now?
Before deciding whether to buy or sell AXLUSDC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s AXLUSDC technical analysis can provide you with trading references.
Future price trend of AXLUSDC
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for AXLUSDC.
How much will AXLUSDC be worth tomorrow, next week, or next month in ? What about your AXLUSDC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! AXLUSDC Price Prediction
How to buy AXELAR BRIDGED USDC (AXLUSDC)
Convert AXLUSDC to local currency
AXLUSDC Resources
To learn more about AXLUSDC, consider exploring other resources such as the whitepaper, official website, and other published information:
Official AXLUSDC website
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
arbitrum-one | 0x5897...093bb7  | 239.590K | 12.08% |
base | 0xe659...a4ac02 | 219.847K | 11.08% |
base | 0x43b9...6d13f3 | 195.294K | 9.84% |
polygon-pos | 0x647f...cec502 | 151.282K | 7.62% |
optimistic-ethereum | 0x5897...093bb7 | 138.015K | 6.96% |
Other | 1.040M | 52.42% |
Hot Events
AXELAR BRIDGED USDC (AXLUSDC) FAQ
What is axlUSDC?
axlUSDC is a wrapped, multi-chain representation of USDC, a stablecoin pegged to the US dollar. For every unit of axlUSDC, an equivalent unit of native USDC is locked in an Axelar Gateway on the Ethereum blockchain. It allows USDC to be used across various blockchain networks that are connected via Axelar, extending its utility beyond native chains.
How is axlUSDC Secured?
The security of axlUSDC relies on Axelar's decentralized network. This network employs a dynamic validator set operating on a delegated Proof-of-Stake (DPoS) consensus mechanism. These validators collectively hold key shares in the Axelar Gateways through multi-party cryptography, ensuring the integrity of the locked native USDC and the corresponding minted axlUSDC across chains.
How Does axlUSDC Differ from Native USDC?
Native USDC is issued by Circle on specific blockchains (e.g., Ethereum). In contrast, axlUSDC is a bridged version designed to enable native USDC to flow seamlessly between diverse chains. This eliminates the necessity for multiple 'wrapped' versions or distinct liquidity pools for transfers, aiming to reduce fragmentation and slippage. Axelar, in partnership with Circle, leverages the Cross-Chain Transfer Protocol (CCTP) and General Message Passing (GMP) for this unified, seamless cross-chain movement.
How Can One Acquire axlUSDC?
Users can acquire axlUSDC through several methods: Swapping on decentralized exchanges (DEXs) where liquid pairs for axlUSDC are available. Utilizing cross-chain liquidity routers built on Axelar, such as Squid. Alternatively, users can mint it directly via Satellite, a cross-chain bridge developed by Axelar. This direct minting process involves depositing native USDC into an Axelar Gateway on Ethereum, which then generates axlUSDC on the desired destination chain.
What are the Real-World Applications of axlUSDC?
axlUSDC facilitates seamless transactions across diverse blockchain networks, significantly enhancing interoperability within the decentralized finance (DeFi) ecosystem. It proves particularly useful for rebalancing large portfolios of tokenized assets across different chains, enabling users to move value efficiently and participate in various DeFi protocols regardless of their native chain, fostering a more interconnected Web3.
What are the Risks Associated with Bridged Assets like axlUSDC?
While Axelar strives to mitigate risks, cross-chain bridges have historically been targets for security exploits. However, Axelar's collaboration with Circle and the implementation of CCTP and GMP are designed to enhance security by moving away from traditional wrapped asset models that rely heavily on liquidity pools. This new approach aims to remove the need for users to directly hold bridged assets, thereby reducing some inherent risks associated with previous bridging methodologies.
