Ecosystem Milestones Update 🟠 🦾
Over $9 billion in value has been transferred and more than 2 million transactions have been completed via @axelarnetwork!
View cross-chain activity: https://t.co/33B06UI0xU
9/ Axelar stands out from other major bridge infrastructure players.
They aim to impact the Web3 space significantly in a truly distinctive way.
What is your thought?
7/ Axelar isn't just about bridging or cross-chain swaps. It’s pivotal in unifying all networks. We’re introducing cross-chain collateral, lending, and cross-chain games or dApps.
Say goodbye to single network liquidity issues—Axelar is here to solve them.
8/ Currently, over 150,000 transactions occur on Axelar each month, growing daily.
Imagine every network and dApp utilizing Axelar technology to enhance their availability with minimal effort.
This would significantly improve the user experience.
6/ Poor liquidity? Tired of collateral on a single network while you want to borrow in another network?
@prime_protocol
solved this problem with axelar technology. The concept is cross-chain deposits and borrowing across any chain.
4/ As you can see, the axelar network integrated over 15 chains for a current ecosystem. This means they are already connected and allow the data to pass, triggering across over 15 networks with Axelar technology. (They said 15, but I counted for 56)
5/ @squidrouter is one of the projects built based on Axelar, which has already routed over $1.5b from over 900k transactions.
They not only used cross-chain swaps but also leveraged Axelar technology to make cross-chain staking, minting, payments, and many more.
3/ GMP is the true interoperability killer feature that is not only for the token bridge but also for the data bridge!
What if you want to call the NFT contract check from Polygon while the main contract is deployed in Ethereum?
It's the limitless possibility that we can use
2/ Axelar is the interoperability solution with GMP technology (General Message Passing) that make the message and trigger to smart contract across chain availability. More Simple case: Call contract on Polygon from Ethereum and attach some token.
1/ Axelar is a game-changing project that serves as an interoperability platform for multiple blockchains.
They solve many issues across over 296 available blockchain networks (even though only a hundred are active).
Here's how...
@axelarnetwork@Axl_Ecosystem#Axelarators
RWAs could be a $16T opportunity – if only they are interoperable across many private + public blockchains. How do institutions view this multichain challenge? @Citi, @DeutscheBank, @Mastercard, @NorthernTrust, @centrifuge + @metrikaco provide insights. 🧵⤵️