Is Axelar a layer 1 blockchain?

AXL has a rich history that has seen it evolve into a prominent platform for developers of decentralized applications (dApps). The platform's primary focus is to provide a robust layer 1 blockchain infrastructure for these developers to build upon.

BTCC, a top cryptocurrency exchange, has recognized the potential of AXL and has integrated its services into the platform. Through BTCC, users can easily buy, sell, and trade the AXL native coin, making it more accessible to a wider range of investors and developers.

Recognizing the importance of interoperability in the blockchain ecosystem, AXL has made it a priority to enable seamless connections with external chains. This allows developers to leverage the unique features of AXL's layer 1 blockchain while still being able to interact with other blockchains.

BTCC's services extend beyond just trading, with the exchange offering a range of products and services that cater to the needs of both individual and institutional investors. These include spot trading, futures trading, and a secure wallet for storing digital assets.

One of the key challenges that developers often face when building on a new blockchain is the high gas fees associated with transactions. AXL has addressed this issue by implementing efficient mechanisms that minimize the cost of transactions, making it more attractive for developers to build on the platform.