Cross-chain Interoperability Network Axelar Integrates With Celo

Axelar, a cross-chain interoperability network, has announced an integration with Celo. Users may now use Satellite, the cross-chain transfer program, to transfer assets from other chains to Celo.

Axelar is paving the way for an interoperable future. Its cross-chain communication technology allows decentralized applications and users to communicate with any asset or application on any linked chain.

This collaboration will aid in connecting scalable climate action across a unified Web3.

Axelar delivers secure cross-chain communication for Web3. Secure means the network is built on proof-of-stake, the battle-tested approach used by Ethereum, Cosmos, Avalanche, and more.

Cross-chain communication means users can build a complete experience for the users that lets them interact with any asset, any application, on any chain with one click.

Celo users may now utilize Satellite.Money to transfer assets between Axelar-connected chains. They can create 1-click user experiences for several chains. This enables developers to create DeFi functions, transfer digital assets, and make cross-chain calls.

Earlier, the network also announced integration with Ethereum Layer 2 solution Arbitrum.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News