# Axelar

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

## Summary

- Last 24h volume: $293.95 K
- Last 24h transfer count: 157
- Last 24h top path: Ethereum ↔ BNB Smart Chain ($209.33 K)
- Last 24h avg. transfer time: 13m 27s
- Last 24h avg. transfer value: $1.89 K
- Last 24h tokens by volume: [USDC](https://l2beat.com/interop/tokens/9HN5PN/circle/usdc) ($290.75 K), [ORBS](https://l2beat.com/interop/tokens/VOFanh/orbs) ($3.06 K), [REGEN](https://l2beat.com/interop/tokens/q1BD2X/regen) ($130.02), and 1 more
- Last 24h top token: [USDC](https://l2beat.com/interop/tokens/9HN5PN/circle/usdc) ($290.75 K volume, 144 transfers)
- Last 24h transfer size: Under $100: 87 transfers, $100-$1K: 48 transfers, $1K-$10K: 18 transfers, $10K-$100K: 1 transfer, Over $100K: 1 transfer (min under $0.01, average $1.89 K, max $100.03 K)
- Last 24h transfer type distribution: Lock & Mint: $277.76 K, Burn & Mint: $16.18 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: $277.76 K (91 transfers)
- BNB Smart Chain: $217.77 K (71 transfers)
- Celo: $49.76 K (22 transfers)
- and 5 more

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

- Ethereum → BNB Smart Chain: $104.96 K
- BNB Smart Chain → Ethereum: $104.37 K
- Ethereum → Celo: $41.78 K
- Polygon PoS → Ethereum: $12.96 K
- Celo → Ethereum: $6.24 K
- Arbitrum One → Ethereum: $3.80 K
- BNB Smart Chain → Avalanche: $3.32 K
- Polygon PoS → Arbitrum One: $3.32 K
- BNB Smart Chain → Base: $2.16 K
- BNB Smart Chain → Polygon PoS: $2.16 K

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

## Top tokens by volume

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

## Transfers

The interactive transfers table is shown on [the HTML page](https://l2beat.com/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://l2beat.com/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://l2beat.com/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://l2beat.com/interop/protocols/axelar?update=74eea614) (7 changes)

move to baseproj.