AXL token
Overview
AXL functions as the native utility token for the Axelar network, which operates as a decentralized protocol for cross-chain communication. Its uses include network governance, staking to help secure the network, and covering transaction fees for cross-chain transfers.
Within The Counterparty graph, AXL connects to 3 tracked entities, most strongly to Axelar Network, Axelar, Axelar.
Relations
Top connections in The Counterparty 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 a governance-staking tracked in The Counterparty knowledge graph. It is connected to 3 other tracked entities, most strongly to Axelar Network, Axelar, Axelar.
What type of entity is AXL?
AXL is classified as a governance-staking (token) in The Counterparty knowledge graph.
What is AXL connected to?
In The Counterparty knowledge graph, AXL is linked to 3 other tracked entities, most strongly to Axelar Network, Axelar, Axelar.