Axelar (AXL)

Developers have made Web3 a multichain world – choosing different blockchains, optimizing for unique technical properties, use cases, and markets. Demand for cross-chain services has grown rapidly, and Axelar meets this demand with minimum risk and maximum composability.

Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets, and users to deliver Web3 interoperability.

Network Axelar Raises $35M

Whitepaper

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Interest lvl

Highest

Updated: Mar 04, 2022

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User Rating

Medium

3/5 • 5 votes

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Ticker

AXL

Type

Utility-token

Token standard

ERC20

Launchpads

Coinlist

What is Axelar

Axelar has three components:

• A decentralized network.
• A set of gateway smart contracts that provide the connectivity between the Axelar Network and its interconnected external chains.
• A software development kit (SDK) of protocols and APIs.

In short, Axelar is blockchain infrastructure that enables users who own assets on one blockchain to use these assets in any application on any other blockchains, securely. It allows developers to build on the best platform for their use case, providing connections to users, assets and data on every other ecosystem, without excessive gas fees, additional development costs or rolling out their own cross-chain infrastructure.