In a recent development within the blockchain industry, the Axelar Network has announced the launch of its new Axelarator program. This initiative, in collaboration with Galxe, aims to incentivize community engagement by distributing over 6,000 AXL tokens monthly.
The Axelarator program is set to reward participants with 500 AXL weekly, as well as OATs and POAPs. Additional perks include 3,000 AXL monthly through partner quests and an extra 1,000 AXL for the top 10 performers on the leaderboard. Interested parties can find more details about the campaign on Galxe's website and further insights on Axelar Network's official blog post.
Simultaneously, Axelar has also forged a new partnership with Frax's Fractal Chain. This collaboration is designed to ensure interoperability between the two platforms from the outset. The announcement was made via Axelar's social media channels, where they also invited followers to set reminders for an upcoming discussion space to dive deeper into the details of this partnership.
The integration between Axelar and Fractal Chain signifies a step forward in enhancing cross-chain communication, which is becoming increasingly crucial in a fragmented blockchain ecosystem. The full announcement can be read on Axelar's Twitter announcement tweet.
This series of announcements underscores Axelar Network's commitment to expanding its ecosystem and fostering collaboration within the blockchain space. As these developments unfold, both the Axelarator program and the partnership with Frax's Fractal Chain are expected to contribute significantly to the network's growth and utility.