AXLUSDT
Axelar/Tether·Spot·BINANCE
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About AXL
YZi Labs Portfolio
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Axelar (AXL) is a decentralized interoperability network that delivers secure cross-chain communication for Web3, enabling decentralized applications (dApps) to interact with any asset or application across different blockchains with one click. The protocol bridges the gap between fundamentally incompatible blockchain networks by providing infrastructure that allows developers to build applications that can seamlessly interact across multiple chains without being limited to a single ecosystem. Axelar uses a proof-of-stake consensus mechanism where validators secure the network and facilitate cross-chain transactions, with AXL tokens used for staking, governance, and paying transaction fees. The network supports various blockchain integrations and has gained backing from major investors including Coinbase Ventures and Binance, positioning itself as critical infrastructure for the multi-chain future of Web3. Axelar's technology enables use cases ranging from cross-chain DeFi applications to bridging proof-of-work chains like Bitcoin to proof-of-stake ecosystems, making it essential infrastructure for building truly interoperable blockchain applications.
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