Bitunix Will List Axelar (AXL) on June 11th

Axelar is designed to facilitate secure cross-chain communication for Web3, serving as a pivotal tool for decentralized applications (dApps)

Bitunix will list Axelar (AXL) on June 11th.

AXL Info

Axelar is a project designed to enable secure cross-chain communication for Web3, aiming to be a pivotal tool for decentralized applications (dApps) builders. The project provides a decentralized network for interacting with different blockchain platforms. Its system is comprised of three core components: a decentralized network, an SDK replete with protocols and APIs, and gateway smart contracts that enable cross-chain connectivity. Its mission is to simplify and enhance cross-chain communication while maintaining security and flexibility.

The operation of Axelar centers around its decentralized network of validators, powered by a proof-of-stake (PoS) consensus mechanism. App builders can utilize a simple API that handles message routing and ensures network security. A claim made by Axelar is that its technology enables secure cross-chain communication over dynamic validators, highlighting its distinctiveness in building such capabilities on a PoS system.

AXL is the native token of the Axelar network, and it plays an essential role in the ecosystem. The protocol also facilitates the cross-chain transfer of various native tokens, such as AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon), through their wrapped ERC-20 versions.