--- title: "Axelar Powers Vertex’s Move Towards Cross-Chain Interoperability" url: https://diffcoin.com/axelar-powers-vertexs-move-towards-cross-chain-interoperability-2/ description: "The top derivatives DEXs and spot DEXs are now all using Axelar network for cross-chain connections Vertex Protocol, one of the most innovative and" published: 2023-12-12 updated: 2023-12-12 author: "Mila" site: "Diffcoin" --- # Axelar Powers Vertex’s Move Towards Cross-Chain Interoperability **[PRESS RELEASE – New York, USA, December 12th, 2023]** *The top derivatives DEXs and spot DEXs are now all using Axelar network for cross-chain connections* Vertex Protocol, one of the most innovative and fast-growing DEXs in Web3, is now using Axelar network and Squid to power cross-chain collateral deposits. The integration was announced today on Twitter. Vertex has grown rapidly to become the second-largest (and, on some days the largest) derivatives DEX by volume – by a wide margin. > “With this integration, the top two derivatives DEXs by volume and the top two spot DEXs by volume are all using Axelar network for cross-chain connections,” **said Georgios Vlachos, Director of Axelar Foundation.** “The level of adoption shows the utility of Axelar network for DEXs that are building seamless UX for mass adoption.” In each category, DEXs going cross-chain with Axelar network handle more than half the total 24h market volume on any given day. - Spot DEXs: Uniswap and Pancakeswap. - Derivatives DEXs: dYdX and Vertex Protocol. ## Why DEXs are going cross-chain > “Cross-chain deposits simplify the multi-step bridging process into one transaction for Vertex Protocol users,” **said Vertex Protocol co-founder Alwin Peng.** “Axelar’s technology is helping us to improve what we already believe is a best-in-class experience to make it even more versatile and adaptive.” Leaders like dYdX, Pancakeswap, Uniswap and Vertex haven’t grown due to their cross-chain strategy. They perfected product-market fit on a single chain. For dYdX and Uniswap, it was Ethereum; for Pancakeswap, it was BNBChain; for Vertex, it was Arbitrum. Having built their core offering on one chain, the opportunity to expand – and to develop better products for their users – lies in a cross-chain direction. It’s no coincidence that all the leaders in the DEX category are moving in this direction. ## Axelar’s Features: Top DEXs are going cross-chain, and some of them are choosing Axelar network. Here is a rundown of the top features: ### 1. Security The Uniswap Bridge Assessment Report is the most thorough and objective research on the cross-chain space, to date: “Axelar’s technology stack is built to high standards and the team maintains good development practices with strong attention to detail and high activity levels for ongoing improvements.” Among major cross-chain networks, only Axelar network provides: ### 2. Scalability Axelar network connects more blockchains than any other cross-chain solution – and the gap is about to widen. A recent[Binance Research report](https://twitter.com/BinanceResearch/status/1727648361929732224) on interoperability reviewed the top four cross-chain networks, including Axelar network. Combined, these four connect 60 blockchains, the report found. **Axelar network connects 54 of those 60 chains.** Axelar does not stop there. Only Axelar network has fundamental architecture capable of scaling to hundreds – or even thousands of chains. In anticipation of the coming onrush of Ethereum L2 and L3 blockchains, the Axelar Foundation has laid out in a governance proposal recommendations for adjusting network tokenomics and proposing a technical path to make new-chain connections permissionless. ### 3. Programmable Among the top interoperability providers, only Axelar network is a **blockchain connecting blockchains.** This means only Axelar network is capable of running smart-contract logic in the cross-chain layer. For DEXs like dYdX and Vertex that are relying on Axelar network and Squid to provide seamless, one-click onramps, nothing less than this would be adequate. Now, users from any of the 50+ chains Axelar network connects can quickly deposit collateral on these venues – with one click. Here are two ways Axelar network programmability enables one-click, seamless experiences for Web3 users: - **Gas-token abstraction:** automated gas-token conversions, so users don’t need to hold multiple gas tokens to transact cross-chain. - **Fast finality:** cross-chain transactions can lag for dozens of minutes, as validators wait for finality on the source chain, before authorizing action on the destination chain. Fast-finality gadgets like Squid Boost use cross-chain intents and cut that wait time down to seconds! ## Build with Axelar If you want to follow in the footsteps of the top DEXs, the path is simple. Axelar has a straightforward API and a powerful SDK designed to make developers’ cross-chain life simple. Head over to docs.axelar.dev and learn more. ##### Contact **PR Director** **Karla Vilhelem** **Market Waves** **karla@marketwaves.co** SPECIAL OFFER (Sponsored) **Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month** (terms). [Source link](https://cryptopotato.com/axelar-powers-vertexs-move-towards-cross-chain-interoperability/)