Axelar Network protocol
Overview
Axelar Network is a decentralized cross-chain communication protocol that enables secure interoperability between multiple blockchain ecosystems. It uses a proof-of-stake validator network to facilitate general message passing and asset transfers across chains.
Within the DeFi Intel graph, Axelar Network connects to 1 tracked entity, most strongly to AXL.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | AXL | 90% |
Frequently asked questions
What is Axelar Network?
Axelar is a decentralized interoperability platform that connects various blockchains, allowing developers to build cross-chain applications by routing messages and assets through a common network.
How does Axelar achieve cross-chain communication?
Axelar uses a set of validators running a proof-of-stake consensus to monitor and relay messages across connected chains, employing cryptographic techniques like threshold signatures to maintain security and finality.
What is the AXL token used for?
AXL is the native token of Axelar, used to pay transaction fees for cross-chain operations and to participate in network governance by staking or delegation.
What is Axelar Network connected to?
In the DeFi Intel knowledge graph, Axelar Network is linked to 1 other tracked entity, most strongly to AXL.
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