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Axelar Network @ Mainnet Profile picture
@axelarcore
May 2, 2023 • 8 tweets • 5 min read • Read on X
GM(P). Axelar's General Message Passing (GMP) is now available between Cosmos and EVM chains, providing composability for dApps that span both ecosystems. 🧵👇
#cosmosandbeyond Image
Axelar has long been the best way to connect #EVM and #CosmosEcosystem via bridged assets. With GMP, that connection goes beyond bridging, supporting a new generation of cross-chain applications that combine the best of Cosmos and EVM.
.@sommfinance is a leading example: the Cosmos-based smart-vaults protocol announced today it is connecting Arbitrum w/ GMP:

Vaults will run across combined architecture of Sommelier’s Cosmos appchain and Axelar GMP to access unique DeFi apps like GMX on Arbitrum One. twitter.com/i/web/status/1…
GMP is blockchain interoperability beyond bridges: Using GMP, Axelar-connected applications securely move any payload cross-chain – including function calls and other logic.

Until now, this functionality has been available only between EVM chains.
Cosmos pioneered the idea of dedicated appchains, interoperable via the Inter-Blockchain Communication protocol (IBC).

As projects scale and find product-market fit, more are seeking the customizability and power that is possible with a purpose-built appchain.
GMP extends IBC interop beyond Cosmos, securing arbitrary cross-chain messages using proof-of-stake, the same consensus approach used by both Cosmos & EVM.

This is possible via $AXL tokenholders, a dynamic validator set (70) + permissionless interchain protocols.
More than a dozen projects are already building in the interchain between Cosmos and EVM. In particular, Axelar thanks @Neutron_org, @osmosiszone, @PersistenceOne, @Sagaxyz__, @SecretNetwork, @squidrouter, @stride_zone & @Umee_CrossChain.
Join them!

🛠️ Get started building in the interchain with Axelar GMP: docs.axelar.dev/dev/general-me…

🔑 Learn more about the $AXL token: axelar.network/blog/axl-token…

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More from @axelarcore

Axelar Network @ Mainnet Profile picture
Mar 24, 2023
When liquidity into the crypto ecosystem was increasing, the “multichain thesis” seemed inevitable. Now what?

@sergey_nog joined @TaschaLabs to discuss the multichain future from a 2023 POV.

Takeaways 🧵👇
Sergey’s fundamental thesis ↔️

“If we keep on growing you have to isolate resources. Web2 doesn't run on a single database.”

Sergey on appchains vs general-purpose 🧤 

"If your application demands a lot of traffic, you need to think how to isolate your resources. Then potentially an appchain is more suitable for you. We saw this with @dYdX. ...

Read 11 tweets
Axelar Network @ Mainnet Profile picture
Sep 23, 2022
Axelar’s token release is just 5⃣ days away! 🤯

Looking for the best way to stay up to speed? Keep an eye out for our AXL Tokenholders’ How-tos. 👀

Here’s one that will help you identify the wrapped (ERC-20) AXL token by ticker.

🧵👇
AXL is the native utility token that powers the Axelar network. It’s chain-agnostic, so its ERC-20 representations will live on all connected chains, including Ethereum.

wAXL is the recommended ticker for ERC-20 representation.
1 AXL = wAXL and can be swapped by anyone via the Axelar permisionless layer using bridge front-ends such as satellite.money.

Native AXL addresses have the axelar prefix. AXL ERC-20 address have the 0x prefix, same as other Ethereum addresses.
Read 5 tweets
Axelar Network @ Mainnet Profile picture
Sep 22, 2022
Axelar has been in the lab! 🧑‍🔬🧪

Here’s what we have to show for everyone’s hard work behind the scenes and a glimpse into what the future holds.🔮

🧵👇
🙏 $1.2B+ cumulative volume
🌐 180k unique addresses connected
🔀 250k cross-chain transactions
⛓️ 23+ chains connected
🏗️ 96+ projects integrating

…all before the release of the AXL token 🤯
Speaking of! No more wondering “wen token” 🙌

On September 27th, the AXL token goes live. Axelar is just 5 days away from setting the standard for permissionless security– 5 DAYS! 🥳
Read 5 tweets
Axelar Network @ Mainnet Profile picture
Jun 18, 2022
Delivering cross-chain seamlessly to users is hard. Some have tried by deploying cross-chain versions of their dApps. This:
💦Fragments attention & liquidity.
🧐Creates 1st-class citizens on main chain, 2nd-class elsewhere.
📉Slow uptake on Chain 2 can be a counter-signal.
🧵👇
DeFi leaders (eg, Compound and Sushi) have flailed along this road. comp.xyz/t/multi-chain-… Other giants (dYdX, Synthetix, Yearn) are stuck in walled-garden L2s. Ultimately, apps are worthless without liquidity, and liquidity is hard to come by cross-chain. That is, until now. …
@osmosiszone & Axelar have officially announced a partnership in secure cross-chain communication & liquidity. Now, it’s simple for Web3 applications to give their users a one-click experience of liquid cross-chain DeFi.
Read 5 tweets
Axelar Network @ Mainnet Profile picture
Jun 14, 2022
A down market is an opportunity to think ahead to the next cycle. Axelar investor @hosseeb of @dragonfly_cap looks and sees an era of Web3 “globalization" coming. 🌐 Here’s a 🧵 breaking down that concept and what it means for dApp developers. 👇
If we think of blockchains like nation-states, then cross-chain activity is like commerce between them. 🚢 What globalization did to real-world commerce over the past three decades is about to happen in Web3. ✈️ Image
Today, bridges are the most common form of cross-chain transport, but bridges, in fact, are banks: the best are the ones with the biggest balance sheets. 🌉 = 🏦

This does not encourage innovation.
Read 10 tweets
Axelar Network @ Mainnet Profile picture
Jan 26, 2022
🚀Today we announce the launch of Satellite!🚀

Satellite is Axelar's first, decentralized cross-chain asset transfer application!

Announcement post: bit.ly/3FXoZfm

Link to Satellite satellite.axelar.network

Or continue the 🧵👇

Graphic by: @tripleline_th Fantastic diagram representing Axelar Network and the Satell
Today Satellite supports transfer of: Terra $LUNA, $UST and others between EVM and non-EVM chains such as #Terra, #Avalanche , #Polygon, #Ethereum and #Fantom. #Moonbeam coming very soon!

More networks and assets will be added in the coming weeks and months.
Satellite is the first app to demonstrate that Axelar connects all @cosmos chains via #IBC and its GCP protocol with multiple ecosystems.

Axelar serves as the translation layer that allows Cosmos assets to flow freely to all Axelar-interconnected networks and back.
Read 7 tweets

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