Axelar is a decentralized protocol designed to allow cross-blockchain communication.
Axelar aims to act as a communications bridge, connecting blockchain ecosystems that, in effect, speak different languages.
Axelar was designed in 2020 by the founding members of the Algorand blockchain. The company is headquartered in Boston, Massachusetts.
Axelar is powered by a decentralised network and designed to connect all blockchain ecosystems that speak different languages. This will allow developers to launch and utilise products across multiple chains including Bitcoin, Ethereum and Polkadot.
The Axelar protocol allows developers to build on any blockchain platform using global cross-chain liquidity and composability through its network.
Axelar is backed by Polychain Capital, Binance X, Dragonfly Capital, Galaxy Digital, Divergence Ventures, North Island Ventures, Robot Ventures, Collab+Currency, and others. The company raised $25M in Series A round on Jul 25, 2021. This brings Axelar's total funding to $28.8M to date.