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Understand the new cross-chain star Axelar (AXL) in 5 minutes
Cross-chain demand has grown rapidly over the past year. Currently, the total value locked (TVL) processed by cross-chain bridges between Ethereum and other public chains has exceeded $16 billion. In addition, other types of cross-chain facilities are emerging, such as LayerZero, a general-purpose cross-chain protocol, and Thorchain, which can directly conduct cross-chain asset exchanges. #Portal #AXL #Axelar
Source: Dune Analytics
Axelar, a decentralized cross-chain communication network
Axelar aims to enhance Web3 interoperability by connecting different blockchains and providing asset liquidity and program composability in an optimized way. In the future, the best narrative for this project is to build a decentralized network and tools to connect users, assets and dApps in multiple blockchain ecosystems and solve the problem of cross-chain communication. Through this network, developers can build on the platform that best suits their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity. The network is the only network that builds cross-chain communication based on proof-of-stake consensus, ensuring security and scalability.
Cross-chain demand has grown rapidly over the past year. Currently, the total value locked (TVL) processed by cross-chain bridges between Ethereum and other public chains has exceeded $16 billion. In addition, other types of cross-chain facilities are emerging, such as LayerZero, a general-purpose cross-chain protocol, and Thorchain, which can directly conduct cross-chain asset exchanges. #Portal #AXL #Axelar
Source: Dune Analytics
Axelar, a decentralized cross-chain communication network
Axelar aims to enhance Web3 interoperability by connecting different blockchains and providing asset liquidity and program composability in an optimized way. In the future, the best narrative for this project is to build a decentralized network and tools to connect users, assets and dApps in multiple blockchain ecosystems and solve the problem of cross-chain communication. Through this network, developers can build on the platform that best suits their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity. The network is the only network that builds cross-chain communication based on proof-of-stake consensus, ensuring security and scalability.
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