Cross-chain Interoperability Protocol Axelar Closed $35 Million Series B Funding Round with Dragonfly Capital and Others

TokenInsight news, Axelar, a cross-chain interoperability protocol, has closed a $35 million Series B round of funding to reach a $1 billion valuation, with participation from Dragonfly Capital, Polychain Capital, North Island Ventures and others. The funds raised will be used to support Axelar's launch of its mainnet. Axelar is building a decentralized network and tools that connect users, assets, and dApp across multiple blockchain ecosystems. The network empowers developers to build on the best platform for their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication.