What is Axelar Bridged USDC (AXLUSDC)?
What is the project about? axlUSDC is a wrapped, multi-chain representation of USDC, a dollar stablecoin. For each unit of axlUSDC, there is a unit of USDC locked in an Axelar Gateway on Ethereum. axlUSDC 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 axlUSDC 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 What can your token be used for?
How does Axelar Bridged USDC work?
USDC is the ticker for USD Coin. It's a stablecoin, pegged to the US dollar, issued by Circle, a US company. So, what is axlUSDC, why do we need it, and how can you get it? This post will briefly explain. USDC is issued on Ethereum – but dApps and users in other ecosystems also value the stablecoin's properties. Many of them use axlUSDC, a wrapped version of USDC that can travel between chains, as a multi-chain stablecoin. In brief, axlUSDC is generated via cross-chain bridges.
What is Axelar Bridged USDC used for?
These dApps accept a deposit of USDC at an Axelar Gateway on Ethereum, and mint an equivalent amount of axlUSDC on the destination chain (minus fees). Two key points to understand what axlUSDC is and how it can be used: For every unit of axlUSDC, there is a unit of USDC locked in a Gateway on Ethereum. Once minted, axlUSDC can flow from chain to chain, without going back through Ethereum. Gateway addresses on various EVM chains and the token addresses of axlUSDC on various chains are listed in the Axelar docs, here.
Where can you buy Axelar Bridged USDC?
Axelar Bridged USDC (AXLUSDC) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for AXLUSDC sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting AXLUSDC, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Axelar Bridged USDC (AXLUSDC)?
The reported 24-hour trading volume of Axelar Bridged USDC is $1.59M. Volume is a live reading of how much AXLUSDC changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Axelar Bridged USDC (AXLUSDC)?
Axelar Bridged USDC reached an all-time high of $1.23 on August 4, 2022, and an all-time low of $0.8584 on March 11, 2023. It is currently trading -18.86% from its peak and +16.44% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where AXLUSDC sits in its long-run price range.
What is the market cap of Axelar Bridged USDC (AXLUSDC)?
Axelar Bridged USDC's market capitalization is currently $0.00, and it is ranked #9999 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (0 AXLUSDC are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Axelar Bridged USDC (AXLUSDC)?
The fully diluted valuation (FDV) of Axelar Bridged USDC is $59.26M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Axelar Bridged USDC compare against its peers?
Over the past 24 hours, Axelar Bridged USDC has moved -0.08%. Over the past seven days, the change is -0.12%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether AXLUSDC is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Axelar Bridged USDC against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Axelar Bridged USDC?
Like any crypto asset, the right way to store AXLUSDC depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
