Introduction

Axelar network is a scalable cross-chain communication platform. Blockchain platform builders can use it to seamlessly plug in their blockchains to all other blockchain ecosystems. Application developers can choose the best blockchain to host their applications and use Axelar’s cross-chain communication protocols to lock, unlock, and transfer assets, as well as communicate with applications on any other chain. By connecting dapps with multiple blockchain ecosystems, the Axelar platform empowers users to interact with all applications across the ecosystem directly from their wallets. The Axelar network serves as the infrastructure for inter-chain exchanges. Axelar acts as both a bridge and a platform for cross-chain communication between smart contract protocols. Axelar bridging makes it possible to send tokens across different blockchains, while Axelar's second feature allows decentralized applications to run on different networks.

Satellite is one of the first ecosystem applications powered by the Axelar Network. Satellite is a decentralized cross-chain asset transfer application, which enables users to transfer assets they hold on a source chain to an address on a different destination chain.

Squid is the cross-chain swap and liquidity routing protocol on Axelar Network. Squid utilizes existing DEXs to swap and send any native token between chains. This can be done via our SDK, Front End, or Contracts directly. Swaps are compostable with Axelar's generalized message passing, so Squid can enable one-click transactions between any application and any user, using any asset. Buy NFTs from any marketplace, use multi-chain DeFi, and play a game on another chain, all without signing multiple transactions or downloading multiple wallets.

The Native token of the Axelar network is called $AXL and $AXL holders can stake tokens in the Staking Pools to receive rewards and transaction fees from others.

axlUSDC is a stablecoin created by the Axelar Network, a decentralized finance (DeFi) platform. It is a USD-backed stablecoin, meaning it is pegged to the US Dollar, and each axlUSDC is backed by one US Dollar. This makes it a great option for users looking to store their wealth in a stable asset, as it is less volatile than other cryptocurrencies. axlUSDC also offers low transaction fees, fast transaction speeds, and a secure platform, making it a great choice for those looking to use a stablecoin. axlUSDC is also fully compliant with US regulations, meaning it is a safe and reliable option for those looking to invest in a stablecoin.