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Axelar (AXL) is a decentralized network that facilitates cross-chain communication and interoperability between various blockchain ecosystems. By providing a secure and efficient way for different blockchains to interact, Axelar aims to enhance the utility of decentralized applications (dApps) and improve the overall user experience in the crypto space.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.