Axelar network provides a uniform solution to cross-chain communication that meets the needs of both platform developers – no integration work is required from them, and application builders – one simple protocol and API to access global liquidity and communicate with the entire ecosystem. Axelar network consists of a decentralized network that bridges blockchain ecosystems that speak different languages and a protocol suite with APIs on top, making it easy for applications to perform cross-chain requests. The network connects existing stand-alone blockchains such as Bitcoin, Stellar, Terra, Algorand, and interoperability hubs such as solutions like Cosmos, Avalanche, Ethereum, and Polkadot.
Axelar wants to enable application developers to build such apps easier using a universal protocol and API without rolling out their proprietary cross-chain protocols underneath or rewriting applications as new bridges are developed. To achieve this, they designed a protocol suite that includes Cross-Chain Gateway Protocol. They don’t have a token yet.