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Satellite by Axelar

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Bridge Developer: Axelar

Audit: No

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Total Value Locked (USD)

30 666 057

24h Volume

7 664 810

Brief description of the bridge

Axelar is a permisionless network and gateway that enables you to build secure cross-chain applications. Satellite is a web app built on top of the Axelar network. Use it to transfer assets from one chain to another.

Supported currencies

Bridge Token

Axelar (AXL) is a native bridge token.

Limits

Cross-chain transfer fee: The Network (and thus the Satellite app) charges a base fee for all cross-chain transfers. This fee only depends on the source/destination chain and the asset and does NOT take a percentage from the transfer amount. When transferring an asset X from chain Y to chain Z, the transfer fee is the sum of per-chain fee for that asset. For e.g. a transfer of 1000 UST from Terra to Avalanche will have a fee of 1.5 UST (= 0.5 UST for Terra + 1.0 UST for Avalanche), and so the recipient will get 998.5 UST.
More detailed info you can find here.

Audits and Exploits

The Axelar Network and its various components have already been audited by NCC, Cure53, and Oak Security. We’ll continue performing the audits of additional components and functionalities, stress-testing, and pen-testing of the network throughout its development.

What is e-Money?

Founded in 2016 by a Danish fintech company, e-Money is a blockchain-based payment platform that aims to bridge the legacy banking system with a single efficient blockchain layer. Built on Cosmos technology, the e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins.

https://e-money.com/

What is Osmosis?

Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software. Your use of Osmosis involves various risks, including, but not limited, to losses while digital assets are being supplied to Osmosis pools and losses due to the fluctuation of prices of tokens in a trading pair or liquidity pool, including Impermanence Loss. Before using any pool on the Osmosis blockchain, you should review the relevant documentation to make sure you understand how Osmosis works, and the pool you use on Osmosis works. Additionally, just as you can access email protocols, such as SMTP, through multiple email clients, you can access pools on Osmosis through several web or mobile interfaces. You are responsible for doing your own diligence on those interfaces to understand the fees and risks they present.

https://osmosis.zone/

What is Moonbeam?

Moonbeam simplifies the developer experience by combining full Ethereum compatibility with the power of Polkadot, including scalability, cross-chain integrations, and on-chain governance.

https://moonbeam.network/networks/moonbeam/

What is Cosmos?

The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.

https://cosmos.network/

What is Polygon?

Polygon is actually a layer-2 scaling solution whose main objective is to convey mass adaptation to the Ethereum platform. Polygon brings Layer-2 scalability to Ethereum with its multi-chain ecosystem. It drastically improves the overall efficiency and workings of the Matic network. The main aim is to create more and more solutions to scalability.

https://polygon.technology/

What is Avalanche?

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Also is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

https://www.avax.network/

What is Terra?

Terra is a blockchain protocol that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged, seigniorage share style stablecoins which are algorithmically stabilized by its native cryptoasset, Luna. One part of Terras value contributions, payments, in essence replaces the complicated payments value chain, including credit card networks, banks, and payment gateways with a single blockchain layer. In concert with the efficiencies that Terra has provided payment channels for both merchants and consumers, it continues to steadily provide infrastructural improvements and tools for the foundations of laying down a credibly neutral, distributed, and radically transparent ecosystem.

https://www.terra.money/

What is Fantom?

Fantom is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open-source. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.

https://fantom.foundation/

What is Ethereum?

Ethereum is both a blockchain network, an application platform, and a full-fledged programming language. The goal of the project is to create and publish distributed applications that do not require third party trust.

https://ethereum.org/en/