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Axelar (AXL) is a decentralized interoperability network designed to connect blockchains, enabling seamless cross-chain communication and asset transfers.
Powered by its delegated Proof-of-Stake (dPoS) consensus mechanism, Axelar provides secure, permissionless connectivity across diverse ecosystems, including Layer 1 and Layer 2 chains.
The AXL token is integral to the network, supporting transaction fees, staking rewards, and governance.
By offering a universal gateway for decentralized applications (dApps), Axelar simplifies cross-chain development, fostering a more interconnected Web3 ecosystem.
Its focus on scalability, security, and developer-friendly tools positions Axelar as a critical infrastructure layer in the blockchain industry's future.
See project homepage: www.axelar.network