Axelar (AXL) is a decentralized interoperability network connecting multiple blockchain ecosystems, enabling seamless cross-chain communication. Its native token, AXL, facilitates network security, governance, and utility across these interconnected chains. This guide provides a detailed analysis of the AXL/USDC trading pair on Uniswap V3.
Current Market Overview
As of the latest data, the AXL/USDC price on Uniswap V3 stands at approximately $0.3301. The trading pair has maintained relative stability over the past 24 hours with minimal price fluctuation.
The 24-hour trading volume for AXL/USDC is reported at $1.67 million, reflecting active market participation. The liquidity pool maintains approximately $639,340 in total value, providing sufficient depth for most trading activities.
The pool composition consists of:
- 1.58 million AXL tokens (valued at approximately $525,230)
- 113,320 USDC stablecoins (valued at approximately $113,371)
Pool Characteristics and Metrics
The AXL/USDC pool operates on Uniswap V3's concentrated liquidity model with a 0.3% trading fee, standard for many established token pairs. This fee structure balances incentive for liquidity providers with reasonable trading costs.
Key pool metrics include:
- Fully Diluted Valuation (FDV): $58.15 million
- GT Score: 76.76 (indicating moderate health metrics)
- Contract verification: Confirmed
- Security assessment: No honeypot indicators detected
- Proxy status: No proxy contract identified
The pool contract address (0x975c822e26a514e7a1b75be587aefc738a73eee7) has been active for approximately one year, with recent transaction activity confirming ongoing usage.
Token Distribution and Holdings
AXL currently has approximately 10,284 token holders, indicating a reasonably distributed community. The largest single wallet address (0xd2ff2d432a0078672cf4f9e2e97858a33cbdeebc) holds 49.97 million AXL tokens, valued at approximately $16.39 million at current prices.
This concentration represents a significant portion of total supply, which traders should consider when evaluating market dynamics and potential price movements.
Trading Considerations
When trading AXL/USDC on Uniswap V3, consider these factors:
Liquidity Depth: The current pool size allows for moderate-sized trades without significant price impact. Larger transactions may require careful execution strategies.
Price Stability: The minimal 24-hour price movement suggests relative stability, though cryptocurrency markets can change rapidly.
Fee Structure: The 0.3% fee is competitive with other decentralized exchanges but should factor into your trading strategy, especially for frequent or high-volume trading.
For those seeking advanced trading tools and deeper market analysis, consider to explore comprehensive DeFi platforms that offer additional functionality beyond basic swapping.
Frequently Asked Questions
What is Axelar (AXL) used for?
AXL tokens power the Axelar network, providing security through staking, enabling governance participation, and facilitating cross-chain transactions. The network connects multiple blockchain ecosystems, allowing assets and data to move seamlessly between different protocols.
How does Uniswap V3 differ from previous versions for trading AXL/USDC?
Uniswap V3 introduced concentrated liquidity, allowing liquidity providers to specify price ranges for their capital. This creates more efficient markets and potentially better prices for traders, though it requires more active management from liquidity providers.
What are the risks of trading AXL/USDC on Uniswap?
Rights include impermanent loss for liquidity providers, smart contract risk (though the contract is verified), price volatility, and the inherent risks of any decentralized finance protocol. Always conduct thorough research before trading.
How can I check the current AXL/USDC pool status?
You can monitor the pool status through various blockchain explorers and DeFi analytics platforms by searching the contract address: 0x975c822e26a514e7a1b75be587aefc738a73eee7.
What alternatives exist for trading AXL?
Besides Uniswap V3, AXL is available on multiple centralized and decentralized exchanges including KyberSwap and through trading bots like Maestro. Each platform offers different features and fee structures.
How does the 0.3% fee impact frequent traders?
The fee represents a cost that compounds with frequent trading. High-frequency traders should calculate how this affects their strategy profitability and consider whether larger, less frequent trades might be more cost-effective.