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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.
Immutable (IMX) is a layer-2 scaling solution specifically designed for non-fungible tokens (NFTs) on the Ethereum blockchain. It facilitates fast, secure, and gas-free transactions, making it easier for developers and users to create, trade, and manage NFTs without the high costs typically associated with Ethereum's main network.