Axelar Announces Key Integration with Decentralized Crypto Exchange Pangolinbr>
Axelar, the decentralized interoperability network that connects blockchain ecosystems, applications and users, has announced a new integration with Pangolin Exchange, a decentralized exchange (DEX) for Avalanche and Ethereum assets.
According to a press release, Axelar’s interoperability protocol will broaden and enhance the variety of assets and trading options available on the Pangolin Exchange, while supporting deep liquidity pools for new trading pairs. Pangolin users will no longer rely on external bridges – a move that significantly bolsters security and efficiency on the platform.
“We are looking forward to partnering with Pangolin to broaden and enhance the variety of assets and trading options available on the platform,” said Sergey Gorbunov, Co-founder and CEO of Axelar. “As a democratic platform that has showcased remarkably fast settlements, Pangolin is a fantastic place for Axelar to expand its interoperability mission with decentralized exchanges. Avalanche offers both a strong network and community and we are excited for Pangolin to join the Axelar ecosystem.”
This announcement comes on the heels of Axelar’s recent $25 million Series A investment round and the recent integration with the Polygon Network, which now also leverages Axelar’s interoperability network.
“Axelar’s decentralized, highly secure, and universally adoptable protocol has been designed to frictionlessly connect all blockchain ecosystems that speak different languages,” said Justin Trollip, Project Manager at Pangolin Exchange. “In addition to the remarkable technology stack, in all our interactions we’ve been impressed with the scope of their vision and the great level of professionalism shown throughout our engagement. Working with world-class partners allows us to achieve our vision of a cross-chain world at Pangolin.”