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.
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 has existing integrations with Polygon, Polkadot, Cosmos and Pangolin Exchange that have already gone live.
Axelar is backed by Polychain Capital, Dragonfly Capital, Crypto.com Capital, Binance X, Galaxy Digital, Divergence Ventures, North Island Ventures, Robot Ventures, and others. The company raised $35M in Series B round on Feb 15, 2022. This brings Axelar's total funding to $63.8M to date. The latest round mints Axelar a unicorn with a valuation of $1B post-money.