decentralized cross-chain asset transfer application
Satellite is one of the first ecosystem applications powered by the Axelar Network. Satellite is a decentralized cross-chain asset transfer application, which enables users to transfer assets they hold on a source chain to an address on a different destination chain.
Upon launch, Satellite will support the transfer of native Terra assets such as LUNA and UST between several EVM and non-EVM chains such as Terra, Avalanche, Polygon, Ethereum and Fantom, with Moonbeam added shortly thereafter. Multiple networks and assets will be added in the coming weeks and months.
Satellite is the first app to demonstrate that Axelar connects all Cosmos chains via IBC and its GCP protocol with multiple ecosystems. Axelar serves as the translation layer that allows Cosmos assets to flow freely to all Axelar-interconnected networks and back. Axelar supports routing, finalizing and executing transactions in different “languages”.
Investment enterprise
An investment enterprise committed to invest in startups, projects, initiatives and individuals that advance the growth of the blockchain industry.
Fundamental technologies
We invest into digital assets comprising State layer of Web3 stack and selected infrastructural projects of higher layers. In addition, high-performance public chains are also our focus.
Diversified portfolio
We closely follow and evaluate technology, developers’ effort, enterprise interest and funding behind blockchain projects to select a diverse array of digital assets with highest potential.
Dynamic efficient management
Participate in validation of transactions on designated blockchains selected in portfolio to offset management costs. Rebalance positions, depending on market and technology trends.
Ecosystem applications powered by the Axelar Network
Satellite is a decentralized cross-chain asset transfer application, which enables users to transfer assets they hold on a source chain to an address on a different destination chain.
Upon launch, Satellite will support the transfer of native Terra assets such as LUNA and UST between several EVM and non-EVM chains such as Terra, Avalanche, Polygon, Ethereum and Fantom, with Moonbeam added shortly thereafter. Multiple networks and assets will be added in the coming weeks and months.
Satellite is the first app to demonstrate that Axelar connects all Cosmos chains via IBC and its GCP protocol with multiple ecosystems. Axelar serves as the translation layer that allows Cosmos assets to flow freely to all Axelar-interconnected networks and back. Axelar supports routing, finalizing and executing transactions in different “languages”.
Official Tutorial Post
https://medium.com/axelar/transfer-terra-assets-to-evm-chains-using-satellite-f6480c7ff20c
Ecosystem applications powered by the Axelar Network
decentralized cross-chain asset transfer application