Axelar Network’s native cryptocurrency is Axelar (AXL). The network is a cross-blockchain communication protocol that enables decentralized applications to interact and share data across different blockchains. The AXL token plays a crucial role within the network, serving as a utility token for transaction fees, network security, and governance. The Axelar Network and its native token, AXL, were developed by a team of experienced computer scientists and blockchain developers, led by Sergey Gorbunov and Georgios Vlachos, both former members of Algorand.
