Axelar is a cross-chain interoperability project that proposes the concept of interchain to provide a unified development environment for Web3 applications. With a team boasting academic backgrounds and development capabilities, it has raised a total of $113.8 million in funding, with investments from prominent institutions. Axelar is connected to 60 chains with over 600 collaborative projects. The AXL token functions in consensus, governance, development, and payments. Axelar's cross-chain solution adopts a "trinity" architecture, ensuring security and scalability. Future plans include the launch of Axelar Virtual Machine and development tools for deploying cross-chain smart contracts. While Axelar demonstrates competitive advantages compared to its counterparts, risks should still be considered.