jakiro
Author: Chen Jian Jason Source: X,@Jason_chen998
Binance has recently launched 3 chain abstraction/all -chain interoperable track projects Axlar, Wormhole, and Omni, and after Layerzero issued coins, it also has the probability of going to Binance, and there are a lot of Zeta, which has not Shangnan., Connext, ENTANGLE, DAPPOS, etc. … The outbreak of the modularity has spawned the outbreak of chain abstraction, which has caused this year to be a “cross -chain big year”.Talk about Axlar, the old project that has been issued for a long time, but has just recently Shangnan’an.
First of all, I personally think that most of the projects for issuing coins for a long time, but the bull market only goes to the Binance project, not to touch it for the time being, because many people have been suffering for so long and finally waited until the Shangbonan.Tao and axlar, so wait for the digestion and then choose to pick up the leak.
I have finished a project that has invested in Binance and has issued a coin but not in Binance. Axlar was in a smooth hit, and I was still suffering whether the APX in the form could surprise the bull market in this round.
First of all, Axlar’s recent comparative value -based action is to cooperate with SUI to build a global liquidity layer, and declare that “it may increase the liquidity of all web3s”, but the content is more detailed but the content has not yet been released.Refine.The concept of global liquidity layer was first proposed by 22 years of OSMOSIS and Axlar. OSMOSIS has naturally become the largest cross -chain DEX at present. Yes, Axlar is also based on the COSMOS ecological project developed by COSMOS SDK.It really wins.
Axlar and OSMOSIS, the two projects of the COSMOS ecosystem, have a good effect after cooperation, so Axlar jumped out of the COSMOS ecology to seek to copy the global liquid layer with other public chains, including SUI.You can connect with other public chains to deepen liquidity, and improve the efficiency of access to deposits and transactions as much as possible.
It is worth noting that Axlar itself is a chain. The structure is shown in the figure below, not a cross -chain bridge. Therefore, Axlar also has nodes and smart contracts to achieve various complex logic.In the process of cross -chain, it automatically performs complex interactive operations, so the narrative definition of its narrative on Axlar’s official website is “Ethereum has established programmable currency, and AXLAR is building programmable interoperability.” Many friends are many friends.Ask me what is the difference between chain abstraction and cross -chain bridge. In fact, chain abstraction is an upgraded version of the cross -chain bridge. The main difference is whether it is programmable and scalability, just like the iPhone smartphone to Nokia function to the Nokia function.The difference between mobile phones.
Because Axlar is a chain, its token is also used to pay GAS fees in addition to pledge governance. The specific mechanism is shown in the figure below. According to its official 2024 RoadmapTwo steps:
1. Reduce the rewards after each third -party public chain is added to the Axlar ecology, and this part was inflation before.
2. Burn a part of the GAS fee that was originally paid to the verified node, thereby shrinking, similar to the state after Ethereum EIP1559.
At present, the first step has been completed, and the second step is in the proposal, so this is Alpha, which needs to be worthy of attention, from time to time to look at the official community and the like.
Cross -chain interoperability is really a very rolled and giant track, including ChainLink, Layerzero, Wormhole, Axlar, Zeta, Entangle …. Any one is a unicorn level that can be played, AxlarThe relative fundamentals are relatively solid in it. Axlar has executed more than 1 million transactions, and the cumulative transaction volume is close to $ 7 billion. At present, the ecology has integrated
-
DEFI: DYDX, FRAX Finance, Lido, Pancakeswap, Uniswap
-
Traditional enterprises: MasterCard, Microsoft, JPMorgan Chase
-
RWA: Center, Circle, ONDO Finance, Provenance
-
Wallet: Ledger, Metamask, Trustwallet.
In summary, Axlar is a project with a fundamental base, future expectations (virtual machine open+economic models), and has been fell after the Shanghai -Angan.
