What is AXL? Introduction to the core asset of the Axelar network.

Image:https://www.axelar.network/

AXL is the native token of Axelar Network, used to maintain the security and operability of the entire network. Axelar is focused onCross-chain interoperabilityThe blockchain protocol aims to connect different blockchain networks such as Ethereum, Cosmos, Polygon, and Solana, achieving seamless transfer of assets, messages, and functionalities.

The main uses of AXL include:

• Transaction fee (Gas): All cross-chain operations require AXL to settle fees.
• Incentivizing Validators: Network participants earn rewards by staking AXL and performing validation tasks.
• Participate in governance voting: Users holding AXL can vote on on-chain governance proposals and participate in network decisions.
• New link addition: For each new chain connected, AXL must be purchased and locked to incentivize the validation nodes.

With the launch of the “Cobalt” upgrade in 2025, AXL introduces a fee burning mechanism and a reward pool locking mechanism, fundamentally improving the token economic model and enhancing the token’s scarcity and long-term value support.

What does AXL/USDT mean?

AXL/USDT is the exchange relationship between the AXL token and USDT (Tether stablecoin). You can understand it as AXL being the commodity and USDT being the pricing unit.

For example, AXL/USDT = 0.4 indicates that the current value of one AXL token is 0.4 USD (USDT). Such trading pairs typically appear on cryptocurrency exchanges like Gate, allowing users to trade in real-time.

The market significance of trading pairs

USDT is a stablecoin pegged to the US dollar, commonly used for hedging and circulation, making USDT trading pairs one of the most mainstream ways to value crypto assets. The significance of the AXL/USDT trading pair is:

• Convenient pricing: Users can clearly know how much AXL is currently worth.
• Easy to trade: Quickly trade AXL using USDT without the need to exchange for BTC or ETH.
• Can be used for analysis: Most technical analysis tools are based on USDT trading pairs, making it easier to determine market trends.

How to check the AXL/USDT market?

You can check the real-time market for AXL/USDT on the following platforms:

• Gate: One of the first exchanges for AXL, with active trading.
• CoinMarketCap or CoinGecko: View the K-line, trading volume, depth chart, etc. for AXL/USDT.
• TradingView: Provides professional chart analysis tools and allows you to set price alerts.

Current Market Trend Analysis (2025)

Image:https://www.gate.com/trade/WAXL_USDT

As of June 17, 2025, the AXL/USDT price is 0.407 USD. Since the Cobalt upgrade at the beginning of the year, AXL has entered a deflationary model, and the market is optimistic about its long-term value, but there are still significant price fluctuations in the short term.

From a technical perspective:

• Support level: around 0.40 USD, if the price breaks below, it may enter a short-term correction.
• Resistance level: Around 0.50 USD, if broken, it may lead to a new round of increases.

Conclusion: Is it suitable for medium to long-term holding?

AXL/USDT is an important entry point for newbies into the Axelar ecosystem. Behind it supports a cross-chain protocol with real application scenarios, a good token economic model, and technical advantages. In the context of the gradual popularization of cross-chain technology, AXL has long-term value potential.

However, there is uncertainty in the market, and it is advisable for holders to establish a reasonable investment plan, focus on ecological development, and respond flexibly to market changes.