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Obscurity raised over 100 million U.S. dollars. It was first listed on coinbase. It aims to build the underlying infrastructure for the next generation of 1 billion people to enter Web3. Is @axelarnetwork, a king-level project led by Binance and coinbase, worth ambush? If you are now full of Us and anxious to find a good target, you can stop and take a look. But this article is for reference only, not investment advice, so stay rational. This article will introduce LayerZero’s competing product—Axelar—in a simple and easy-to-understand manner. Now give it a thumbs up and read on. What is Axelar?#Axelaris a cross-chain communication protocol with full-stack interoperability. Similar products include the well-known LayerZero. With the explosion of various modular blockchains and L2 public chains, the number and diversity of public chains are rapidly expanding. You must have participated in some outstanding new public chains that carry future narratives. It is a good thing for a hundred flowers to bloom, but rapid expansion will bring difficult expansion problems to the market: bilateral bridges between N networks require N² bridges. Therefore, a universal network that handles routing, translation, and security in any way between connected blockchains is needed. There is a lack of solutions on the market that allow developers to operate across multiple blockchain ecosystems cheaply and efficiently. So Axelar came into being, using the stack to unlock cross-chain composability and liquidity, and securely connect all blockchain ecosystems, applications, assets and users. In other words, it can enable indirect connections between various public chains and Axelar. Rather than connecting together point-to-point, it reduces the number and complexity of connections, improves the scalability and interoperability of the number of connections, and solves this market problem. I said I bought Axelar’s ​​token $WAXL (the token is actually $AXL but it is called $WAXL on the exchange). Some friends asked me why I chose Axelar because there are several cross-chain projects. So today’s article Let me tell you why I chose it. - Let’s first talk about the difference between axelar and similar competing products #LayerZero, so that everyone can have a preliminary idea. Among similar cross-chain protocols, layerzero is very good, so we use it for comparison. The core of cross-chain technology implementation between Axelar and LayerZero The difference lies in their respective security and verification mechanisms: Axelar implementation mechanism: Axelar has built a complete system including third-party verification, and the source chain information verification of all cross-chain transactions is performed on the Axelar chain.This means that the security of cross-chain transactions depends on the security of the Axelar public chain itself. LayerZero implementation mechanism: LayerZero has verification work completed on the target chain. Partial block information is transmitted through oracles and relays, point-to-point communication primitives, without relying on third-party credit, that is, the intermediate consensus layer. Advantages of Axelar: Trust and security are enhanced over time: As the network operates and historical data is accumulated, Axelar's security and credibility are enhanced, achieving scale effects. A successfully operated public chain can accumulate consensus and attract more Dapps to join its ecosystem. If Axelar can develop its own ecosystem well, then Axelar may have the ability to become the so-called Layer 3. This status is similar to the relay chain in the Polkadot ecosystem. If things go too far, ETH and BTC may even be called sub-chains of Axelar. LayerZero advantages: lightweight and low cost. There is no need to operate your own public chain. Each transaction consensus is formed instantly, which simplifies the process of cross-chain transactions and provides a more flexible cross-chain solution through external services such as oracles and relays. Axelar’s ​​challenge: We need to think about how to operate a public chain well, ensure the security of the public chain itself and cross-chain contracts, and prevent attacks caused by contract vulnerabilities. On the other hand, it also involves how to incentivize verifiers - the public chain nodes that verifiers can run are likely to be limited, and as the number of public chains connected to Axelar increases, the demand for verifiers will continue to increase. Once the public chain is successfully operated, the accumulated consensus will have a scale effect and it will be easier to establish its own Dapp ecosystem. Challenges of LayerZero: Security relies heavily on the independence and reliability of oracles and relays, so relying on external services requires guarding against the risk of collusion between the two. As an infrastructure, LayerZero does not yet have its own tokens. Instead, it relies on Stargate built on LayerZero to issue tokens. It does not have a self-circulating economic system. This will bring quick results, but it will also cause competition with other projects in the ecosystem for TVL. Axelar has satisfactory performance in terms of security, number of cross-chains, and number of integrated dApps. Compared with direct competitor Layerzero, Axelar is much lower than its first-tier valuation. -What exactly can Axelar do for users? In fact, the power of Axelar's technology is more deeply felt by developers. Because of its powerful technology, it has strong sustainable development. If it has development potential, it will have the support of large institutions. If it has the support of large institutions, it will have the money to do the market. If it has the money to do the market, There is traffic, and in the end, when there is traffic and money to pull deals, ordinary users will call it awesome when they benefit. For DAPP developers who want to quickly build cross-chain capabilities, you can deploy your DAPP anywhere through Axelar to realize cross-chain assets and information between any chains, without permission override programming. Axelar provides a cross-chain development platform by going Easily accessible through a centralized validator network, secure gateway contracts, unified translation, routing architecture, and a set of software development kits (SDKs) and application programming interfaces (APIs) that allow developers to use the Axelar Network and its SDK to write dApps that can be easily deployed across all Axelar-connected ecosystems. In other words, Axelar distills cross-chain interoperability into a simple set of API requests. This is definitely the core of its adoption. Designing these development tools into plug-and-play integrated solutions not only reduces the difficulty of use and improves development efficiency, but also provides developers with secure cross-chain interaction capabilities. It is worth mentioning that Layerzero introduced Axelar and CCIP as DVN Adapter, which also proves the security of Axelar. Security is the top priority of cross-chain. The way Axelar works is as shown in the figure. Users can interact with all DAPPs in the blockchain ecosystem directly from the wallet - Axelar team composition and financing situation. It doesn’t matter if you don’t understand technology. Let’s take a look at its team and investment strength. The founder of Axelar The team has rich academic background and blockchain development experience. Lianchuang @sergey_nog received his bachelor's and master's degrees from the University of Toronto, conducted cryptography research at MIT, and has served as an assistant professor at the University of Waterloo since 2016. He also worked at the IBM TJ Watson Research Center for a period of time. Another co-founder, Georgios Vlachos @yorgosv_, completed his bachelor's and master's degrees at MIT and won the International Mathematical Olympiad gold medal in 2011. He was also the first Greek student to win this honor.He also has investments in #berchain. These backgrounds provide the Axelar project with a solid technical and theoretical foundation. Financing status: 2020.11.13 Seed round, with a financing amount of US$3.75 million. July 16, 2021, Series A, with a financing amount of US$25 million. February 15, 2022, Series B, with a financing amount of US$35 million. In addition, about 5,000 USD was raised through token financing. With comprehensive token financing of US$10,000, Axelar Network’s total financing amount has exceeded US$100 million, and Axelar’s ​​current valuation has exceeded US$1 billion. The investors are all well-known institutions, including Polychain, Coinbase Ventures, Binance Labs, Dragonfly, Blockchange, Collab+Currency (Pixels also invests), Galaxy Digital, etc. Moreover, Coinbase was first launched, which reflects the market’s recognition of Axelar’s ​​technology and future development potential. Axelar Token Economy Axelar currently connects to 55 blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, Scroll and various Cosmos-based chains. These chains can be connected through IBC within the Cosmos ecosystem, and do not require additional special support from the verifier, and there are no token rewards; on other chains, verifiers will receive 1% of the additional issuance incentives for each chain in the first year. Regarding whether Axelar’s ​​token economy is a positive cycle deflation and inflation mechanism, as well as unlocking information, you can see their official website documents. Axelar’s ​​future conjectures on the cross-chain track have strong demand and high certainty, and the problem Axelar solves is the lowest level universal cross-chain. , there are no restrictions on specific public chains or assets. As an independent blockchain, it can establish its own Dapp ecological and economic system. In addition, the team has a solid academic and technical background, and has relatively sufficient funds. It has no shortage of money and a lot of room for imagination. It just depends on how to do it. Represented by Axelar and LayerZero, we can clearly see the rise of general cross-chain infrastructure. Axelar is the most comprehensive cross-chain solution in terms of security, universal messaging and ecosystem growth. Axelar's security has also been recognized by Uniswap, which believes that it "has a complete encryption economic mechanism to ensure the security of the protocol." The current market value of the token is US$850 million, with a valuation of US$1 billion. Similar product LayerZero is valued at US$3 billion. With the support of strong backgrounds, AXelar still has a certain amount of room for imagination.AXelar is the product of the last bull market in September 2020. The price from the bottom to the present has only increased 5 times. Time changes space and cooperates with technology and financing amount. Its growth should rise steadily. I have designated this target as a fixed investment. Long term, don’t buy if you are impatient. When choosing lurking coins in a bear market, I would only choose ultra-low market capitalizations below US$100-300 million, but now that the market is bullish, under the strong background, I will [appropriately] relax my selection criteria for high-quality projects and follow the trend. It’s a bit confusing to look at too much data, so if there are any mistakes, please correct me. The above are just some of my views from my perspective. You are welcome to add that it is not easy to write an article. I hope you can like and collect it to give me some motivation.