Today, Axelar and Injective announce a partnership that will allow Injective, a custom interoperable Layer-1 protocol for building DeFi applications, to easily integrate EVM blockchains.
Injective has already integrated the Axelar blockchain via Inter Blockchain Communication (IBC) and is ready to begin listing the Axelar native token (AXL) in spot markets (once AXL is available for trading). Next, Axelar and Injective will explore connecting Injective Bridge to the Axelar network, providing infrastructure to enable asset transfers from EVM chains, such as Avalanche and Polygon.
Faster EVM Blockchain Integration & Seamless UX
Centralized bridges can take months to integrate new chains. Using Axelar network, Injective protocol developers will be able to add new EVM blockchains in a matter of minutes. Demo: Axelar-Avalanche 10-min integration video.
Meanwhile, dApp developers building on Injective will be able to add seamless asset transfer: end-users will transfer wrapped tokens from Avalanche, Polygon or any other connected ecosystem with the click of a button, without interacting directly with Axelar network at all. Demo: Satellite (demo bridge app) tutorial video.
Front-end user interfaces will be able to distinguish between IBC transfers handled by Injective and EVM transfers supported by Axelar. Beyond that, Axelar’s interoperability overlay will work entirely in the background.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.
Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. Axelar goes beyond pairwise services, supporting general message passing and composability of programs across all blockchain ecosystems. Developer tools and APIs make it easy for both protocol and application developers to integrate interoperability.