What is Axelar?
Axelar is a decentralised, cross-chain communication protocol designed to connect various blockchain ecosystems effortlessly. It uses a unique combination of technologies, such as threshold cryptography and multi-party computation, to enable seamless communication between blockchains. This innovative approach allows developers to build decentralised applications (dApps) that tap into the power of multiple blockchains, offering users more choice and flexibility.
Why Axelar Integration Matters for XDEFI Wallet Users
- Enhanced Cross-Chain Interoperability: By integrating Axelar, XDEFI Wallet users can enjoy seamless cross-chain communication and interactions with various blockchain ecosystems. This improved interoperability provides more flexibility, allowing users to access a broader range of DeFi platforms and services.
- Improved Asset Management: With the integration of Axelar, users can now easily manage, store, and transfer Axelar-native tokens such as axlUSDC within the XDEFI Wallet. This streamlined experience removes the need for multiple wallets, simplifying asset management for our users.
- Access to New DeFi Opportunities: The integration with Axelar enables XDEFI Wallet users to explore and access new DeFi opportunities that leverage the cross-chain capabilities of Axelar. As more and more dApps utilise Axelar for cross-chain communication, our users can stay ahead of the curve and maximise their DeFi potential.
How to Get Started with Axelar on XDEFI Wallet
- Update Your XDEFI Wallet: To access the Axelar integration, ensure that you have the latest version of XDEFI Wallet installed. The update will automatically include the Axelar blockchain and native tokens.
- Add Axelar Tokens: Navigate to the “Tokens” section of your XDEFI Wallet and add any Axelar-native tokens you wish to manage within your wallet. You can search for these tokens by their name or contract address.
- Start Interacting with Axelar Ecosystem: With the Axelar tokens added to your wallet, you can now interact with Axelar-based dApps, manage your assets, and engage in cross-chain transactions directly from your XDEFI Wallet.
What is the native token of Axelar, and where can I buy it?
The native token of the Axelar blockchain is AXL. It serves multiple purposes, including platform governance, allowing users to participate in the decision-making process, secure the network through staking, and access various DeFi services within the Axelar ecosystem. You swap AXL directly within XDEFI Wallet or buy AXL tokens on decentralised exchanges like Osmosis, as well as centralised exchanges such as Coinbase and Gate.io. It is essential to monitor available trading pairs and supported platforms to ensure you can acquire AXL tokens safely and securely.