# Axelar (AXL)

Axelar empowers dApp builders and blockchain ecosystems to unlock cross-chain communication.

The Axelar protocol provides a uniform solution to cross-chain communication that’s designed to be interoperable with any chain. Axelar is decentralized by design, and satisfies plug-and-play connectivity with almost no work to integrate a new chain.

The Axelar stack includes both cross-chain routing and application-level transfer protocols.

## Market Cap

$48.6M

## Staking Reward Rate*

7%*

## Price

$0.04

## Auto-Compounding

No

## Reward Frequency

1 Block (<Minute)

## Activation

Immediate

## Withdrawal

7 Days

### Slashing Penalties Enabled

Yes

\*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

## Why Stake Axelar With Figment?

- Axelar protocol provides a uniform solution for cross-chain communication that’s designed to be interoperable with any chain
- Axelar is decentralized by design, and satisfies plug-and-play connectivity with almost no work to integrate a new chain
- The Axelar stack includes both cross-chain routing and application-level transfer protocols
- Platform builders are not required to do any sort of heavy technical lift to use the Axelar stack, making it easy for integrations

## Axelar Staking FAQ

**Do I maintain custody of my AXL tokens? Who or what controls my staked AXL token?**

Figment has partnerships with a number of top-in-class custodians. Please contact sales@figment.io for more inquiries.