According to BlockBeats, this is the first time in the history of blockchain that dApps can be easily linked to any user and operation logic on the Internet while maintaining verification and end-to-end open source properties.
With Axelar MDS, users can send messages on Telegram, rebalance insurance vaults on Sui, and interact with DeFi protocols on Arbitrum and financial institutionsâ private blockchains.
The three main components of Axelar MDS are: Interchain Amplifier, Interchain Token Service (ITS), and Axelar Virtual Machine (AVM).
Interchain Amplifiers are a permissionless way to connect chains with the Axelar Network and its supported chains, enabling dynamic, customizable integrations.
Interchain Token Services (ITS) is a set of institutional-grade tokenization tools that completely replace cross-chain bridges and enable cross-chain transfers.
The Axelar Virtual Machine (AVM) supports Amplifier and ITS to enable smart contract logic at the cross-chain layer, opening the door to multi-chain developer tools and complex dApp scenarios.
Axelar has created the most complete interoperability platform on the market, combining flexibility, enhanced economic security and open interoperability interfaces.
