Axelar and Sei Network Partnership
Axelar and Sei Network partnership has been announced. Axelar delivers secure cross-chain communication for Web3. Its infrastructure enables dApp users to interact with any asset or application, on any chain, with one click.
Sei is the fastest orderbook L1 blockchain. It is built using the Cosmos SDK and Tendermint core and features a built-in central limit orderbook (CLOB) module. Decentralized applications building on Sei can build on top of Sei’s CLOB infrastructure, and other Cosmos-based blockchains can leverage Sei’s CLOB as a shared liquidity hub and create markets for any asset.
Sei Shared Liquidity Model
Designed with developers and users in mind, Sei serves as the infrastructure and shared liquidity hub for the next generation of DeFi. Apps can easily plug-and-play to trade on Sei orderbook infrastructure and access pooled liquidity from other apps. To prioritize developer experience, Sei has integrated the wasmd module to support CosmWasm smart contracts.
Why Sei Network?
Sei has been optimize for speed, stability, and cost-efficiency. This opens the door for an entirely new suite of DeFi products building on a chain. Existing general-purpose L1s are unable to offer these three pillars vital for scalable, long-term central limit order books (CLOBs) and therefore limit current DeFi capabilities. If order books are to scale on-chain, the underlying chain itself must optimize to serve the orderbook above all else.
Sei’s on-chain CLOB and matching engine provide deep liquidity and price-time-priority matching for traders and applications. Applications built on Sei benefit from its built-in orderbook infrastructure, deep liquidity, and fully decentralized matching service. Users benefit from this exchange model with the ability to select the price, size, and direction of their trades coupled with MEV protection.
Axelar Network Background
Axelar network provides a uniform solution to cross-chain communication that meets the needs of both platform developers. 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.
PLATFORM’S MISSION
Axelar’s mission is to enable application developers building 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 develop. Towards this, we designed a protocol suite that includes Cross-Chain Gateway Protocol.
AXELAR x SEI NETWORK PARTNERSHIP
The partnership between Axelar and Sei Network will enable SEI to securely bridge a wide range of Crypto assets into the cosmos ecosystem.
ABOUT Axelar
Axelar delivers secure cross-chain communication for Web3. Secure means Axelar build on proof-of-stake, the battle-tested approach used by Avalanche, Cosmos, Eth2, etc.
ABOUT SEI Network
Sei is the fastest orderbook L1 blockchain. It is built using the Cosmos SDK and Tendermint core and features a built-in central limit orderbook (CLOB) module.
