About the Project
Axelar provides a decentralized network and tools that help connect dApp builders with multiple blockchain ecosystems, applications, and users for frictionless cross-chain communication. Axelar consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Powered by a decentralized open network of validators; anyone can join the network, use it, and build on it.
The Axelar network makes cross-chain communication as simple as using HTTP/HTTPS protocols on the web. Platform developers can plug-in their blockchains to other ecosystems, and application builders can leverage a simple protocol and API to access global liquidity and communicate with the entire ecosystem. The Axelar team has deep roots in distributed systems, consensus, and cryptography. The venture is backed by Binance X, Coinbase Ventures, DCVC, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures, Cygni Labs, and others.
About the Integration
Axelar is dedicated to providing scaled cross-chain interoperability across all blockchains, with the Polkadot ecosystem being an exciting new integration. Users will be able to move assets from external chains to Moonbeam and use them in dApps. Through the Axelar universal cross-chain communication gateway, applications on the Moonbeam network will be able to compose with applications on Ethereum, Terra, and other chains.
Moonbeam’s full Ethereum compatibility allows developers to benefit from the composability and speed of the Polkadot ecosystem. Both Moonbeam and Axelar are building innovative solutions to break down blockchain silos and unlock the potential of increased liquidity across networks.