PROMO
by BSC News
January 30, 2024
Dive into the details that position Axelar as the fastest-growing cross-chain network and a valuable player in the evolving Web3 ecosystem.
Binance Research recently published a report on the Web3 interoperability landscape. The report covered a number of key points demonstrating Axelar’s leadership position in the cross-chain category.
As the cross-chain opportunity grows in scope, with new projects adding interoperability on a weekly basis, here are a few highlights from the Binance Research report, covering areas that are highly relevant to this growth story.
Others have seen temporary surges, driven by airdrop rumors and other activity – only to fade. Axelar has posted fast and steady growth. Axelar’s 30D transaction count is now double Wormhole’s and nearly 8X Chainlink CCIP, according to Binance.
Binance counted 60 chains in total, supported by cross-chain networks. Axelar supports 54 of those chains.
Notable Axelar partners cited by Binance:
Binance: “Axelar … boasts a high level of decentralization with 75 validators, and its improved PoS system, which includes features like quadratic voting and key rotation, adds notable benefits.”
Binance: “These newer solutions … have led to a shift in performance criteria from total value locked (“TVL”) to more transaction- and message-based metrics.”
Axelar has been leading this shift, developing a set of cross-chain metrics and analytical approaches back in Q2, 2023.
We hope this summary was a useful tldr of the Binance Research report. The full report is well worth a read. For more information about Axelar, visit our website (axelar.network) and our developer documentation (docs.axelar.dev).
Axelar is the leading Web3 interoperability platform, connecting over 50 blockchains via a secure, programmable network – internet infrastructure for the world’s next super app. For partners ranging from Uniswap to Microsoft, Axelar enables scalable cross-chain solutions. Users interact with any asset in one click. Developers span multiple blockchains as though building on one, supported by a simple API and a permissionless ecosystem of tools and service providers. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. See what full-stack interoperability can do for your dApp.
Learn more at axelar.network.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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