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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.
Magic Eden (ME) is a decentralized marketplace primarily focused on non-fungible tokens (NFTs) on various blockchain networks. It allows users to buy, sell, and trade NFTs seamlessly, providing a platform for creators and collectors to engage in the growing digital asset space.