Axelar

About Axelar

Axelar (AXL) is a blockchain network designed to enable secure cross-chain communication between different blockchain ecosystems. It functions as a universal interoperability layer, allowing decentralized applications and users to interact with assets and protocols across any connected chain through a single click. Developers access its capabilities via a simple API built on a permissionless proof-of-stake network, where validators handle message routing and multiparty signing. The AXL token serves governance and transaction fee purposes, while users pay gas only in their source-chain token. Axelar is often described as the Stripe for Web3 infrastructure.