Axelar (AXL) is a Web3 infrastructure protocol designed to provide secure, cross-chain communication between different blockchain networks. It enables developers and users to easily transfer data and assets across multiple chains.
In the past 24 hours, AXL has surged by 72.23%, making it one of the top-performing assets of the day.
The price spike may be linked to a recent announcement from South Korea's largest crypto exchange, which will list Axelar (AXL). Deposits will be supported only via the Ethereum network, and users have been warned not to use other chains for transfers.
