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Founded Year

2020

Stage

Incubator/Accelerator | Alive

Total Raised

$63.75M

About Axelar

Axelar focuses on the development of cross-chain communication networks. It involves creating solutions that allow different blockchain networks to interact and communicate with each other. The company was founded in 2020 and is based in Waterloo, Canada.

Headquarters Location

200 University Avenue West, DC 3528

Waterloo, Ontario, N2L 3G1,

Canada

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Expert Collections containing Axelar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Axelar is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,229 items

B

Blockchain

10,535 items

Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.

Axelar Patents

Axelar has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/7/2011

4/19/2016

Metal halides, Phenols, Orthorhombic minerals, Cancer treatments, Aluminium minerals

Grant

Application Date

10/7/2011

Grant Date

4/19/2016

Title

Related Topics

Metal halides, Phenols, Orthorhombic minerals, Cancer treatments, Aluminium minerals

Status

Grant

Latest Axelar News

Axelar network- Blockchain for cross-chain messaging

Feb 16, 2024

Axelar network- Blockchain for cross-chain messaging Thu, 15 Feb 2024, 09:50 am UTC Axelar is the programmable Web3 interoperability platform, scaling the next generation of internet applications to billions of users. They built on open-source cosmos technologies The core protocols are CGP is at the heart of the system and allows us to easily onboard new chains with no constraints on the consensus rules and transfer information across them. This protocol is used to connect multiple autonomous blockchain ecosystems and is responsible for routing across them. Cross-Chain Transfer Protocol (CTP) It is an application-level protocol stack that sits on top of routing protocols (such as CGP and other routing technologies). Cross-chain messages are secured by a dynamic set of validators running proof-of-stake consensus. Consensus Mechanism- Validators collectively run a byzantine consensus protocol and run the protocols facilitating cross-chain requests. Anyone can join the network, participate, and use it. Axelar blockchain follows a Delegated Proof-of-Stake (DPoS) model similar to Cosmos Hub. Users elect validators who must bond their stake to participate in the consensus and maintain high-quality service. The powers in the network have been delegated and no single party will be able to control the entire process. Every member of the network has more power and rights. Axelar Gateway- Axelar gateways are collectively managed by the Axelar validators via threshold cryptography. That is, the majority of validators need to agree and collectively approve any transaction to be executed through the gateways. In the Axelar network, threshold cryptography is used to share keys from gateway accounts/contracts across large groups of validators. Network Security- Maximum safety- The threshold keys will be distributed across all validators for higher safety. Max Decentralization- The Network uses threshold signature schemes, and the number of validators can be as large as possible. The Axelar network is built using the Cosmos SDK, CometBFT, and CosmWasm VM. The Cosmos SDK is a framework for building blockchain applications.CometBFT is software for securely and consistently replicating an application on many machines. Block time finality- 6 seconds AXLUSD surged more than 35% in the past week. It hit a high of $1.2318 and is currently trading around $1.2094. The bullish invalidation can happen if the pair closes below $0.75. On the lower side, the near-term support is $1. Any break below target $0.85/$0.75. Any breach below $0.75 targets $0.60/$0.50. The immediate resistance stands at around $1.30. Any breach above confirms bullish continuation. A jump to $1.50/$2 is possible. A surge past $2 will take it to $3. It is good to buy on dips around $1 with SL around $0.75 for TP of $2.

Axelar Frequently Asked Questions (FAQ)

  • When was Axelar founded?

    Axelar was founded in 2020.

  • Where is Axelar's headquarters?

    Axelar's headquarters is located at 200 University Avenue West, DC 3528, Waterloo.

  • What is Axelar's latest funding round?

    Axelar's latest funding round is Incubator/Accelerator.

  • How much did Axelar raise?

    Axelar raised a total of $63.75M.

  • Who are the investors of Axelar?

    Investors of Axelar include Mastercard Start Path Crypto, MasterCard Start Path, Polychain Capital, North Island Ventures, Lemniscap and 26 more.

  • Who are Axelar's competitors?

    Competitors of Axelar include Polymer Labs and 7 more.

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