Axelar offers a decentralized network aimed at enabling secure cross-chain communication for Web3, facilitating seamless interactions between decentralized applications (dApps) across various blockchains. Its infrastructure consists of a decentralized validator network, a software development kit featuring protocols and APIs, and gateway smart contracts for cross-chain transactions. The platform simplifies cross-chain communication for developers through an easy-to-use API, underpinned by a permissionless, proof-of-stake (PoS) network.
Axelar's ecosystem is powered by its native token, AXL, and supports the transfer of multiple native tokens in wrapped ERC-20 format, including AVAX, ETH, FTM, GLMR, and MATIC. The project has attracted investment from leading firms such as Binance, Coinbase Ventures, Dragonfly Capital, and Polychain Capital, highlighting its potential in the Web3 space.
You can buy AXL on Swyftx.