How AXL works
Axelar is a proof-of-stake network, like most of the chains it connects: AXL incentivizes the largest, most dynamic validator set of any cross-chain provider, for decentralized security and governance.
AXL makes Axelar a blockchain that connects blockchains, handling any payload via Axelar General Message Passing (GMP) and automating complex tasks via the Axelar Virtual Machine (AVM).
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All things AXL
Anyone can provide security on the network by staking AXL via a dynamic set of blockchain validators.
Leading decentralized exchanges (DEXs) provide liquidity pools to support wide availability of AXL.
Leading centralized exchanges (CEXs) and DEXs support pairs with native AXL and wAXL.
AXL + wAXL
AXL is issued using Cosmos SDK, but the token is available on any EVM chain in a wrapped version, wAXL.
The token economics for AXL are geared towards the creation of a token economy that supports Axelar network.