Polygon and Axelar Partnership
Polygon has teamed up with Axelar network, a secure communication layer that connects Web3 ecosystems, to enhance secure cross-chain communications of Polygon Supernets.
Polygon Supernets technology allows for the creation of application-specific, scalable, and customizable blockchain networks. Axelar, one of Polygon’s early adopters, will allow dApp users to securely transfer assets to and from Supernets and other connected chains in one click.
“Supernet chains offer fast user experience with significantly lower gas fees in comparison to other existing L1s and L2s,” said Sergey Gorbunov, co-founder of Axelar. “As a result of the partnership, users can easily move and use their currencies and NFTs across multiple Supernet chains, opening them up to the possibilities of a multichain Web3 ecosystem.”
[Read more: How to Bootstrap a Blockchain With Polygon Supernets]
Polygon Supernets are powered by Polygon Edge, a customizable blockchain stack for building networks fine-tuned to specific needs without compromising security and performance. In combination with Axelar, Edge is positioned to become the core infrastructure for an interoperable internet of dedicated EVM blockchains.
Axelar to Web3 is what Stripe is for mobile and internet applications. It enables an interconnected web of Supernets that enables developers to build dApps on Polygon Edge with access to liquidity and functionality across Web3.
To ensure a smooth onboarding experience, Axelar provides the following support to developers:
- Polygon Supernets will get their native gas tokens seamlessly – in one click from the user’s wallet on Ethereum or Polygon.
- Axelar’s SDK will enable Supernet dApps to generate one-time deposit addresses – the same chain-agnostic onboarding as offered by centralized exchanges.
- Easy liquidity pathways between Supernets. There is no need for each Supernet to have its own DEX.
- Each Supernet can integrate with Axelar in a matter of days. Once integrated, dApps easily communicate with all connected chains via simple API requests.
About Axelar
Axelar delivers secure cross-chain communication, enabling dApp users to interact with any asset or application, on any chain, with one click. In a nutshell, Axelar is for Web3 what Stripe is for mobile and internet applications. Axelar has raised capital from top-tier investors, including Dragonfly Capital, Polychain Capital, Coinbase, and Binance. Partners include major proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot, and others. Axelar’s co-founders, Sergey Gorbunov and Georgios Vlachos, were founding team members at Algorand.
About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted. 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
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.
