Axelar delivers secure interchain communication. That means dApp users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus. Axelar is a blockchain that connects blockchains. To do this securely, Axelar network uses proof-of-stake consensus. Network validators produce new blocks, participate in multiparty signing and vote on external chain states. Tokenholders stake the AXL token, delegating tokens to a validator’s staking pool and receiving rewards, minus the validator’s commission. The AXL token is used for governance and to pay network transaction fees to validators and tokenholders. However, users of the Axelar network do not need to hold the token. Conversions into AXL tokens and destination-chain tokens are handled on the back end, so that users need only pay gas once, in the source-chain token. Axelar network rewards are “inflationary” — they increase the total supply of AXL — but there is potential for supply to become deflationary based on the transaction fee mechanic described above.
News
Nikolaos Kamarinakis (@nikolaskama), Co-Founder & CTO of @CommonPrefix, joined @NexblockNews to discuss Axelar's vision of becoming the backbone financial institutions use to interoperate. Full interview 👇 https://t.co/e4te79hM4u
A helpful and timely article summarizing the NTT 2/2 bridge carrying WETH to Monad, which requires signatures from both @wormhole and @axelar under the hood https://x.com/k3_capital/status/2073023845909377179
A helpful and timely article summarizing the NTT 2/2 bridge carrying WETH to Monad, which requires signatures from both @wormhole and @axelar under the hood
RT @strongholdpay: SHx bridge access to @Solana is now live via @axelarnetwork × @SquidRouter 🌉 Cross-chain routing starts now.
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Cosmos 生态验证服务商 Cosmostation 宣布，将于 7 月 1 日停止为包括 Axelar、Cronos POS、Dymension、Fetchai、IOTA、Namada、Neutron、Noble、Stride 等在内的 20 余条 PoS 网络提供验证服务，并提醒委托用户及时将质押重新委托至其他验证者。Cosmostation 暂未说明此次调整原因。wublock123.com/news/cosmostat…
Mass Depegs and Market Sell-Off: BTC Falls 4.12%, ETH 7.83% as $2.07T Crypto Market Cap Slides
Major Project Updates: > Ethlabs, a new Ethereum-focused non-profit R&D lab, emerges from stealth with backers from the Ethereum Foundation and leading L2s. > Axelar bridge between Secret Network and Axelar exploited for $4.67M. > Sonic Labs leadership reshuffle: Michael Kong, Andre Cronje, and Dav
New to Axelar App? Here's how to bridge tokens, step by step 👇 https://t.co/a97jDlzxYF
Secret Network's Axelar Bridge Drained $4.67M via Infinite-Mint Flaw