AXL (Axelar) is a Web3 interoperability platform that enables scalable internet applications for a large user base. AXL serves as the native token of the Axelar network, which facilitates the cross-chain transfers of various native tokens through their wrapped ERC-20 versions. These tokens include AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).
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Source:
https://coinmarketcap.com/currencies/axelar/
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