Axelar Network

Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem.

Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, the platform enables secure and scalable communication and asset transfers across over 60 blockchain ecosystems, including Ethereum, Solana, and Bitcoin. Axelar operates on a Proof-of-Stake blockchain built on Tendermint technology, facilitating General Message Passing (GMP) that allows developers to create complex cross-chain applications. The company offers a range of services, including cross-chain asset transfers, an interchain dApp development platform, and security validation services. Its native token, $AXL, is used for staking, governance, and transaction fees. Axelar aims to simplify cross-chain development for blockchain developers and enhance user experiences for crypto enthusiasts, DeFi traders, and gamers by providing a seamless way to interact with multiple blockchains without managing various wallets or tokens.