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 Toronto, Ontario, Canada.
Axelar protocol is powered by a decentralized network and designed explicitly with a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication
Axelar's protocol enables developers to build on any blockchain platform, while leveraging global cross-chain liquidity and composability through the Axelar Network.
Axelar Network is currently live in testnet with a wide range of early adopters including Polygon, Polkadot, Terra, Avalanche, Pangolin Exchange, and Keplr Wallet.
Axelar is backed by Polychain Capital, Crypto.com Capital, Binance X, Dragonfly Capital, Galaxy Digital, Divergence Ventures, North Island Ventures, Robot Ventures, and others. The company secured a strategic investment on Nov 22, 2021. Axelar has raised $28.8M in funding to date.