What is Axelar ( $AXL )?

AXL is the native currency of the Axelar blockchain economy. The project provides developers of decentralized applications with a decentralized network and tools to help them establish seamless cross-chain communication through its suite of protocols, tools and APIs.

Axelar has three key components, a decentralized network, a software development kit for protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity.