(Date: Saturday 13 July 2024, 06:38 AM GMT):
In the world of cryptocurrencies, Axelar (AXL) is making waves. Today, its price jumped by 13.76%, now trading at $0.7125. With this surge, its market cap has reached $511 million, and the trading volume has skyrocketed by 141.62%.
On July 13, Coingecko data revealed that Axelar (AXL) has surpassed Wormhole7 LayerZero to become the top token in the cross-chain market cap rankings. Here’s a quick look at the current standings:
- Axelar (AXL): Market cap of $511 million and a fully diluted valuation (FDV) of $825 million.
- Wormhole (W): Market cap of $506 million and an FDV of $2.813 billion.
- LayerZero (ZRO): Market cap of $419 million and an FDV of $3.81 billion.
Axelar’s success comes from its high circulation and relatively lower FDV. The token’s price has surged by an impressive 46% over the past week.
This growth highlights Axelar’s strong position and potential in the cross-chain market. As it continues to climb, all eyes are on AXL to see how far it can go.