Axelar
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
Solana is now live on Axelar Mainnet. The integration enables cross-chain messaging and asset transfers between @Solana and Axelar-supported ecosystems. Read more: http://www.axelar.network/blog/axelar-solana-mainnet
RT @dionyziz: We've been using AI selectively to improve customer experience in @axelar as we improve reliability in the background. Our go…
RT @dionyziz: We're looking for a Business Development Lead at @commonprefix to work on @axelar, XRPL, and many more interesting projects.…
Since launching mainnet in 2022, Axelar has powered cross-chain interoperability behind the scenes.
A New Way to Interact with Axelar
An unknown contract named 'SquidRouterModule' was reportedly exploited on #Ethereum due to improper input validation, re
COINBASE: Axelar (AXL) is now available to New York residents on coinbase․com & in the Coinbase iOS & Android ap
COINBASE: Axelar (AXL) is now available to New York residents on coinbase․com & in the Coinbase iOS & Android apps.
A new article on Axelar's technology stack is out. This one looks at what is built on top of our security foundation and where multichain infrastructure is heading.
We've published a governance proposal to discontinue our integrations with Flow, Berachain, and Plume as part of our eff