🌐 Axelar
Known as infrastructure, it connects different networks such as
Ethereum, Cosmos, BNB Chain, Solana, and others.
It allows developers to create multi-chain decentralized applications (multi-chain dApps) without needing to understand each blockchain individually.
A secure messaging protocol is used to exchange information and commands between networks.
💰 Information about currency $AXL
Uses:
- Paying transaction fees across chains
- Incentivizing validators on the network
- Governance and voting on development proposals
⚙️ Project Strengths:
- Supports dozens of networks and over 50 digital assets.
- Backed by former founders from Algorand and MIT.
- Considered a technical solution to blockchain interoperability challenges.
✅ A strong and in-demand technical project in the multi-chain crypto environment
🚀 Expanding rapidly and supports DeFi, NFT, and Gaming applications
⚠️ Still relatively new and faces competition from projects like
$ZRO and Wormhole