UrbanNomad

@urbannomad

68 Following

19 Followers

Hess 🎩 pfp

@axelar-network's GMP transactions have now reached 1.74 million, with a total transferred volume of 2,660,000,000 USD! Since January 2024, Axelar GMP has recorded $1.7B in volume, making up 66% of the total, with the highest volumes in Q1 and Q2 of 2024. Read More 👇 https://flipsidecrypto.xyz/hess/axelar-gmp-VV7aX3

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@axelar-network and OpenZeppelin are teaming up to revolutionize the EVM ecosystem! 🌐🦾 Say goodbye to clunky bridges and hello to seamless cross-chain interactions with a single click. They're working to make full EVM interoperability a reality, while also ensuring top-notch security and open-source transparency. Get ready for a more connected, user-friendly Ethereum experience!

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Victoria Temitope

@axelar-network has got its core components that differentiate it from others. 1. Cross-Chain Gateway Protocol (CGP): Routes data across independent blockchain ecosystems with ease 2. Cross-Chain Transfer Protocol (CTP): Enables dApps to perform cross-chain operations via a unified API 3. Axelar Virtual Machine (AVM): Enables full-stack interoperability for developers

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Victoria Temitope

@axelar-network is big on interoperability and with its platform, has made effortless communication between blockchain networks, bringing out Web3's vast potential.

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@axelar-network connects over 65 heterogeneous blockchains, utilizing a hub-and-spoke model that allows any new connection to be interoperable with existing chains. This minimizes maintenance and security risks compared to traditional pairwise connections, enhancing scalability and reducing integration costs for developers.

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🚨 Calling all code auditors! 🚨 The Axelar Foundation is teaming up with Code4rena for an 18-day audit marathon! 💥 Big prizes are up for grabs for those who uncover high-impact, unique vulnerabilities. Ready to make your mark? Get started 👇 To register join C4 discord : https://discord.gg/code4rena Submit findings using the form below https://code4rena.com/contests/2024-08-axelar-network/submit Get more details here 👇 https://docs.code4rena.com/roles/wardens Don't snooze $85k in USDC up for grabs and this ends on the 26th of August!

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Metic pfp

The @axelar-network levels the playing field for Web3 projects that are overlooked, and therefore underfunded. For example, Axelar's Interchain Token Service (ITS) enables projects to release cryptocurrencies on many blockchain networks, which makes them more accessible to not just users, but also to investors 🟠🦾 Learn more about Axelar's ITS here: https://www.axelar.network/its

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And I'm here for it!

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📊 Since the launch of @axelar-network, the total number of transactions has surpassed 210 million, achieving an average success rate of 99.1%! Since May 2023, Axelar's growth has begun. Day by day, the number of transactions has increased, reaching a peak of over 750,000 daily transactions in April 2024. Interestingly, despite the increase in daily transactions, the success rate has not declined. Axelar averaged 26 transactions per second. The maximum recorded TPS was 325 in August and November 2023. Since February 2024, both the average and maximum TPS have significantly increased, often doubling the previous averages on most days. Over time, nearly 725.6k unique addresses have used Axelar, with 447k being users with Axelar addresses and the remaining using non-Axelar addresses. At its peak, Axelar recorded an average of 5k daily active users, with 1.5k new users joining after March 2024.

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In the rapidly evolving world of blockchain, the ability to seamlessly interact across different networks has long been a challenge. Different blockchains operate in silos, making it difficult for tokens to move freely between them. This has created a bottleneck in the potential for decentralized finance (DeFi) and other blockchain applications to realize their full potential. Enter Axelar’s Interchain Token Service (ITS), a groundbreaking solution that addresses this interoperability issue head-on. @axelar-network's ITS simplifies the complexities of cross-chain token interactions, providing a seamless way for tokens to retain their native qualities while moving across multiple networks. This innovation eliminates the traditional hassles associated with cross-chain interactions, paving the way for a more interconnected blockchain ecosystem. Read more about this here 👇 https://medium.com/@prismich1999/revolutionizing-cross-chain-token-transfers-with-axelars-interchain-token-service-3330dbd72d4f

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Metic pfp

The @axelar-network's programmability makes it more than just a DPoS blockchain or interchain. With impactful enterprise partnerships, Axelar is building the next evolution of the internet. Cross-chain development will empower even Web2 platforms to incorporate blockchains and distributed ledgers into their frameworks. Check out my latest Axelar thread to learn more: https://x.com/web3metic/status/1810237805945077862

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@axelar-network is unlocking new cross-chain possibilities! 🌐 From DeFi apps to NFT marketplaces, Axelar is powering innovative Web3 use cases: 🔑 Seamless asset transfers across chains 💰 Decentralized lending and borrowing 🖼️ Cross-chain NFT trading 🎮 Interoperable gaming experiences The future of blockchain is here.

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Many financial institutions will build blockchains for public services, and distributed ledgers for private services. Whether tokenized real-world assets are natively minted or physically backed, the UX should be seamless and secure. The @axelar-networkwork can make this happen, and do so with style 🟠 🦾 Learn more in the link: https://www.jpmorgan.com/onyx/documents/portfolio-management-powered-by-tokenization.pdf

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Interoperability is imperative for financial portfolio managers to keep up with the pace of technological advancement, and in doing so, keep the money train chugging. With the @axelar-network's hub-and-spoke topology, its programmable tech stack can be safely modified to accommodate many institutions at once. Read all about it:

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UrbanNomad pfp

Over $9 billion in value has been transferred and more than 2 million transactions completed via @axelarnetwork ! With every transaction, a more connected and efficient blockchain ecosystem is being built! Axelar is making cross-chain communication a reality. Onwards and upwards! 🚀✨

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Metic pfp

The @axelar-network plans to make its native token deflationary by the end of 2024. Validator rewards will be reduced from 0.75% to 0.30%. There is also a proposal in place to burn $AXL gas fees with every transaction. With the recent market dip, there's still time to explore Axelar's promising potential! 🟠 🦾

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Exciting news for Buildooorsss, @axelar-network network is giving out 50 AXL to 50 winners who build a Farcaster frame and multichain messaging frame using Axelar's GMP. Got what it takes? Participate now👇 https://app.galxe.com/quest/axelar/GCpbutduL5

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Victoria Temitope pfp

Victoria Temitope

@axelar-network recognizes the power of collaboration, and has partnered with key players to drive growth and expansion in the Web3 ecosystem. By fostering these partnerships, it will enhance the ecosystem's full potential. #AxelarNetwork #Web3

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Metic pfp

The @axelar-network's programmable interoperability is now ENHANCED. The Interchain Token Service enables projects to scale across networks. Existing and newly minted cryptos can now be offered on multiple blockchains, with no programming skills required! Check it out: https://www.axelar.network/its 🟠🦾

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Victoria Temitope

Galxe Quest Drop Alert! 50 winners will receive 50 AXL tokens for building a Farcaster Frame & multichain messaging frame with @axelar-network's GMP. Learn more & participate now! https://app.galxe.com/quest/axelar/GCpbutduL5 #Axelar

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