Axelar integrates with Avalanche-based DEX Pangolin to expand the availability of crypto assets »CryptoNinjas
axisThe decentralized and interoperable network that connects the blockchain ecosystem, applications, and users, today announced a new integration with the Pangolin Exchange. Avalanche’s Decentralized Exchange (DEX) And Ethereum assets. The partnership will enable pangolins to access assets from major Tier 1 blockchains, such as Cosmos Hub, Terra, Bitcoin, etc.
“We look forward to working with Pangolin to expand and enhance the diversity of assets and trading options available on the platform. As a democratic platform that demonstrates very fast solutions, Pangolin is Axelar’s mission to expand its interoperability with decentralized exchanges A great place. Avalanche provides a strong network and community, and we are very happy that pangolins have joined the Axelar ecosystem.”
– Sergey Gorbunov, co-founder and CEO of Axelar
Axelar’s interoperability protocol will enable pangolins to support deep liquidity pools for new trading pairs, such as Cosmos’ native cryptocurrencies ATOM and TerraUSD (UST), which are stablecoins built on the Terra blockchain.
In addition, pangolin users will no longer need to rely on external bridges-a move that significantly improves the security and efficiency of the platform. Axelar will allow new assets to be available on pangolins faster without having to build heavy third-party solutions, thereby improving the user experience and increasing tolerance for downtime and attacks.
The announcement was made a few weeks later by Axelar Raised $25 million in Series A financing This round of financing was led by Polychain Capital. The funds raised will be used to expand the key integration of the network and expand Axelar’s development team as the company grows. In recent months, Axelar has announced multiple integrations with networks including Polygon and Polkadot and wallets such as Keplr.
“Axelar’s decentralized, secure and universally applicable protocol is designed to seamlessly connect all blockchain ecosystems in different languages. In addition to the excellent technology stack, in all our interactions, we have a vision of them I was impressed with the level of professionalism shown throughout the participation process. Cooperating with world-class partners enables us to realize the vision of a cross-chain world in Pangolin.”
– Justin Trollip, project manager of the Pangolin Exchange