# Axelar ITS

Markdown version of https://l2beat.com/interop/protocols/axelar-its

## Summary

- Last 24h volume: $6.53 K
- Last 24h transfer count: 96
- Last 24h top path: Arbitrum One ↔ Ethereum ($4.98 K)
- Last 24h avg. transfer time: 9m 9s
- Last 24h avg. transfer value: $121.08
- Last 24h tokens by volume: [stAethir](https://l2beat.com/interop/tokens/ueVkCm/staethir) ($4.98 K), [ALVA](https://l2beat.com/interop/tokens/NGnSmp/alva) ($590.42), [PUNDIAI](https://l2beat.com/interop/tokens/cCscf7/pundiai) ($393.54), and 8 more
- Last 24h top token: [stAethir](https://l2beat.com/interop/tokens/ueVkCm/staethir) ($4.98 K volume, 9 transfers)
- Last 24h transfer size: Under $100: 42 transfers, $100-$1K: 10 transfers, $1K-$10K: 2 transfers, $10K-$100K: 0 transfers, Over $100K: 0 transfers (min $4.23, average $121.08, max $1.23 K)
- Last 24h transfer type distribution: Lock & Mint: $5.84 K, Burn & Mint: $689.09

### About

Axelar ITS (Interchain Token Service) is a multichain token framework built on the Axelar messaging protocol. 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: $5.90 K (41 transfers)
- Arbitrum One: $5.02 K (11 transfers)
- Base: $1.05 K (18 transfers)
- and 6 more

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

- Arbitrum One → Ethereum: $3.75 K
- Ethereum → Arbitrum One: $1.23 K
- Ethereum → Base: $412.24
- Base → BNB Smart Chain: $393.54
- Ethereum → BNB Smart Chain: $202.65
- Base → Ethereum: $175.84
- Ethereum → Avalanche: $71.72
- BNB Smart Chain → Avalanche: $66.01
- Avalanche → Base: $55.54
- BNB Smart Chain → Ethereum: $48.88

The flows between chains are an interactive graph on [the HTML page](https://l2beat.com/interop/protocols/axelar-its#interop-volume).

## Top tokens by volume

The interactive tokens table is shown on [the HTML page](https://l2beat.com/interop/protocols/axelar-its#interop-tokens).

## Transfers

The interactive transfers table is shown on [the HTML page](https://l2beat.com/interop/protocols/axelar-its#interop-transfers).