# Axelar

Markdown version of https://ethbeat.org/interop/protocols/axelar

## Summary

- Last 24h volume: $107.19 K
- Last 24h transfer count: 139
- Last 24h top path: BNB Smart Chain ↔ Ethereum ($24.00 K)
- Last 24h avg. transfer time: 12m 24s
- Last 24h avg. transfer value: $794.02
- Last 24h tokens by volume: [USDC](https://ethbeat.org/tokens/9HN5PN/circle/usdc) ($106.80 K), [AXL](https://ethbeat.org/tokens/Tgyv1d/axl) ($283.22), [REGEN](https://ethbeat.org/tokens/q1BD2X/regen) ($91.71), [ETH](https://ethbeat.org/tokens/C0Hmkq/ethereum/eth) ($13.65), Unknown
- Last 24h top token: [USDC](https://ethbeat.org/tokens/9HN5PN/circle/usdc) ($106.80 K volume, 127 transfers)
- Last 24h transfer size: Under $100: 78 transfers, $100-$1K: 41 transfers, $1K-$10K: 13 transfers, $10K-$100K: 3 transfers, Over $100K: 0 transfers (min under $0.01, average $794.02, max $15.09 K)
- Last 24h transfer type distribution: Lock & Mint: $60.46 K, Burn & Mint: $46.72 K

### About

Token bridge built on the Axelar messaging protocol, mostly used for the multichain axlUSDC token. It is validated by a full validator set on a Cosmos blockchain.

## Volume and flows

### Top chains by volume (last 24h)

A transfer counts toward the volume of both its source and its destination chain, so the chain volumes add up to more than the total volume.

- Ethereum: $60.75 K (78 transfers)
- BNB Smart Chain: $49.46 K (74 transfers)
- Avalanche: $34.81 K (9 transfers)
- Polygon PoS: $24.66 K (46 transfers)
- Arbitrum One: $24.00 K (29 transfers)
- and 3 more

### Top routes by volume (last 24h)

- Avalanche → Ethereum: $15.32 K
- BNB Smart Chain → Ethereum: $14.47 K
- Ethereum → Base: $11.21 K
- Arbitrum One → Avalanche: $9.99 K
- Ethereum → BNB Smart Chain: $9.53 K
- Avalanche → BNB Smart Chain: $9.49 K
- Arbitrum One → BNB Smart Chain: $7.10 K
- Ethereum → Polygon PoS: $7.07 K
- Base → Polygon PoS: $4.84 K
- Polygon PoS → BNB Smart Chain: $4.36 K

The flows between chains are an interactive graph on [the HTML page](https://ethbeat.org/interop/protocols/axelar#interop-volume).

## Top tokens by volume

The interactive tokens table is shown on [the HTML page](https://ethbeat.org/interop/protocols/axelar#interop-tokens).

## Transfers

The interactive transfers table is shown on [the HTML page](https://ethbeat.org/interop/protocols/axelar#interop-transfers).

## Updates

Each date links the update on the HTML page, which also shows its contract diffs.

### [2026-06-16 09:55 UTC](https://ethbeat.org/interop/protocols/axelar?update=d9ea8b7a) (3 changes)

Add new Governance contract that can verify governance decisions from the Axelar blockchain.

### [2026-06-08 10:27 UTC](https://ethbeat.org/interop/protocols/axelar?update=555d07fe) (3 changes)

Axelar gas service owner changed (the owner address of this contract is the microservice that pays for gas for cross-chain communication on Axelar).

Also rotated owner of the operators contract of Axelar gas service.

### [2026-03-02 09:45 UTC](https://ethbeat.org/interop/protocols/axelar?update=74eea614) (7 changes)

move to baseproj.