Axelar

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 <p>An under-the-radar, interoperability-focused altcoin set a new all-time high after Binance announced it was listing the asset.</p>
 <p>Axelar (AXL) is a programmable Web3 interoperability platform that aims to provide cross-chain communication between numerous blockchains.</p>
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 <p>Explains the project’s website,</p>
 <p><em>“Unlike other cross-chain connectors, Axelar is a proof-of-stake blockchain: it can do anything a blockchain can do. Transparent smart contracts built on Axelar automate paths for users, reducing them to a single click. Permissionless tools reduce developer overhead.”</em></p>
 <p>The project’s native asset, AXL, is trading at $1.94 at time of writing, a nearly 27% increase from what it was priced at 24 hours ago. The 90th-ranked crypto asset by market cap also set a new all-time high, surging to $2.64 early Friday morning, a few hours after the listing was announced.</p>
 <p>Binance attached a seed tag to AXL. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks.</p>
 <p>Axelar also introduced its new virtual machine on Wednesday. Explain the project’s developers,</p>
 <p><em>“Powered by Cosmwasm, the Axelar Virtual Machine turns interoperability into a programmable layer. It enables developers to write smart contracts on Axelar, while scaling their interchain deployments and “programming” the cross-chain networking layer.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/under-the-radar-altcoin-surges-after-surprise-listing-on-crypto-exchange-binance-tbt81448.html">https://thebittimes.com/under-the-radar-altcoin-surges-after-surprise-listing-on-crypto-exchange-binance-tbt81448.html</a></p>

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

TheBitTimes

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