Axelar is a decentralized cross-chain communication network, aiming to level-up interoperability in Web3 by connecting heterogeneous blockchains and enabling asset mobility and program composability in an optimized way for both builders and end-users. The two layers of Axelar are the network and the API above it. At the core of Axelar is a permissionless overlay network that provides Turing-complete cross-chain communication through proof-of-stake and permissionless protocols. On top of the network are APIs and protocols, an application-development layer that developers use to compose across any number of chains. Once integrated, all new interconnected blockchains become interoperable with the application, resulting in limitless network effects.

Axelar Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
Series B	$35M	$1B	Feb 15, 2022	Olive Tree Capital Polychain Dragonfly Gokul Rajaram North Island Ventures Blockchange Ventures Node Capital Cygni Capital RockawayX Waikit Lau Lemniscap
Strategic	--	--	Nov 22, 2021	Crypto.com Capital* 0xMaki Informal Systems ZKValidator Morningstar Ventures
Series A	$25M	--	Jul 15, 2021	Polychain* SCB 10X Galaxy Dragonfly North Island Ventures Divergence Ventures Morningstar Ventures Hypersphere Ventures Waikit Lau Lemniscap Robot Ventures Collab+Currency Do Kwon Cygni Capital Nima Capital
Seed	$4M	$28M	Nov 13, 2020	Binance Labs DCVC Divergence Ventures Naval Ravikant Waikit Lau Lemniscap

Investor

Axelar Team

Axelar Investment Portfolio

Rounds in the Past Year

Historical Rounds

Lead Investments

Portfolio Numbers

Project	Funding Status	Region	Categories	Ecosystem	Founded	Token Issuance
Cubist	Seed		Dev Platform Infra	Ethereum Polygon Avalanche	Jan 01, 2022	No Token
Squid	Strategic		Cross-Chain Aggregation DEX DEX DeFi	Moonbeam Terra 2.0 Ethereum Juno Linea Fetch.ai Secret Network Optimism Umee Kujira XPLA Polygon Injective Agoric BNB Chain Osmosis Filecoin EVM Celo Avalanche Carbon Comdex Evmos Stargaze trọng tài Neutron Fantom Kava	Jan 01, 2022	No Token
D8X	Pre-Seed		DeFi Derivatives Perp	Polygon zkEVM	Jan 01, 2022	No Token
Midas	Seed	Germany	DeFi RWA	Ethereum	Jan 01, 2023	No Token

Axelar

AXL

-4.54%

Total dollar volume24H

$26,169,595

High24H

0.7299 USDT

Low24H

0.66 USDT

Market Cap

#128$579,850,202

FDV

$804,273,662

Turnover rate

4.51%

Circulating supply

848,975,405

Total supply

1,177,560,266

Max supply

∞

All time high

2.77 USDT

All time high date

Mar 01, 2024

Down from All time high

-75.34%

Cycle low

0.3666 USDT

Cycle low date

Aug 05, 2024

Up from cycle low

86.31%

Contracts

Etherscan:0x46...E5f3

Official links

Socials

Introduction

Axelar is a decentralized cross-chain communication network designed to enhance interoperability across Web3 by seamlessly connecting heterogeneous blockchains. It enables the secure transfer of assets and the composability of programs across multiple blockchains, creating an optimized experience for both developers and end-users. The architecture of Axelar is composed of two key layers: the network layer and the API layer.

At its core, the Axelar network is a permissionless overlay network built on a proof-of-stake consensus, providing Turing-complete cross-chain communication. This allows it to securely transmit data and assets between different blockchains. On top of this, Axelar offers APIs and protocols that developers can utilize to build applications that operate across any number of interconnected chains. Once integrated, any blockchain connected to Axelar becomes interoperable with the applications on the network, exponentially increasing the network's utility and reach.

Terms

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