Axelar is building a cross-chain communication layer for Web3. Here is a closer look at how the network works, what AXL and wAXL do, and the key milestones shaping its ecosystem.

Axelar enables seamless cross-chain communication and interoperability. This article explores its technology, history, tokenomics, and market outlook for the wAXL token.

Axelar is a decentralized protocol enabling secure cross-chain communication across 38 blockchains. Its WAXL token (ERC-20 wrapper) has fallen 97.78% from its all-time high of $2.66. The project gained Mastercard's attention via Start Path program and continues to expand its ecosystem.