Axelar to Enable Cross-Chain Communication on Polygon
Axelar is excited to announce their plans to integrate with Polygon, to bring scaled cross-chain interoperability to both users and dApp builders on the platform. The blockchain space has experienced tremendous growth recently, from NFTs to novel chains and applications, yet still lacks a universal interoperability connector. Axelar solves this by allowing heterogeneous chains to interoperate seamlessly by simply plugging into their tech stack.
Polygon currently connects Ethereum-compatible blockchain networks, offering everything from NFTs to DeFi platforms and RPG games. DApp builders and users are able to access the utility of Ethereum with the added benefit of Polygon’s features, like low gas fees and security. This integration with Axelar will bring assets from outside chains to Polygon, to facilitate asset transfer and increase liquidity. By creating interoperability with chains like Bitcoin, Avalanche and Terra, Axelar will allow Polygon to expand their internet of blockchains beyond Ethereum.
Sergey Gorbunov, Co-founder and CEO of Axelar, commented: “Polygon is an ambitious and well-established network that’s performing incredibly well in helping Ethereum ecosystem scale, so it was an obvious choice for our integration roadmap. We’re excited to see how Polygon’s dapp builders will utilize seamless, cross-chain interoperability to facilitate asset transfer and increase liquidity. This interoperability will enable Polygon users to safely expand their internet of blockchains beyond Ethereum, to include chains like Bitcoin, Avalanche and Terra.”
This integration will also allow Polygon to compose with other heterogeneous blockchains outside of Ethereum. With over 350 dApps using Polygon, their ecosystem is both diverse and scaled. Through Axelar, Polygon dApp builders will soon be able to seamlessly plug-in cross-chain interoperability to any connected chain best suited for their needs.
Jayanti Kanani, Co-founder and CEO of Polygon, added: “There are many exciting developments taking place within the blockchain domain at the moment and we believe it is essential to have cross-chain interoperability to take full advantage of these opportunities. Axelar has a very unique approach to interoperability, by providing easy connectivity, high security and robustness to its infrastructure. Integrating Polygon with Axelar is an important step towards creating a fully interoperable future for blockchain and we’re looking forward to witnessing how our users make the most of the integration.”
Axelar’s approach to interoperability is unique on the market as it provides easy connectivity, and high security and robustness. Cryptographic multi-party computation protocols and consensus enable anyone to contribute to the security of the network and process cross-chain requests. The integration with Polygon will allow it to safely interact with outside ecosystems.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Axelar is building a decentralized network and tools that connect users, assets, and dApp across multiple blockchain ecosystems. The network empowers developers to build on the best platform for their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Powered by a decentralized open network of validators, anyone can join the network, use it and build on it. The Axelar Network provides a uniform solution to cross-chain communication, allowing dApps to integrate with the full blockchain ecosystem. Developed by the founding team members of Algorand, Axelar’s co-founders are award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.