$FLOW
Flow officially connected to the Axelar network and became the 70th access chain. This integration means that Flow-based applications can access a wider range of cross-chain liquidity and applications on more than 70 blockchains.
As a cross-chain interoperability protocol, the Axelar network supports the connection of multiple blockchain ecosystems, including Avalanche, BNB Chain, and Cosmos ecosystems.
Through Axelar integration, applications in the Flow ecosystem can achieve the following functions:
1. Cross-chain liquidity sharing: Users can seamlessly transfer assets between different blockchains to improve the liquidity and efficiency of assets.
2. Cross-chain application interoperability: Developers can build cross-chain applications to access resources and services on multiple blockchains.
3. Reduce transaction costs: With Axelar's cross-chain solution, users can trade between different chains without going through a complicated bridging process.
In addition, the Axelar network itself also supports the interoperability of multiple blockchains, and its general messaging (GMP) function can realize the call and asset transfer of cross-chain smart contracts. This integration not only brings more opportunities to the Flow ecosystem, but also provides a stronger infrastructure for the development of the entire Web3 cross-chain ecosystem.