InterSwap, a next-gen Omnichain Liquidity Layer (AMM), is excited to announce a long term strategic integration vision with Axelar, the interoperability layer that enables interchain applications in web3.

As a result of this Integration, InterSwap will be migrating from LayerZero to Axelar to leverage its core infrastructure for primary omnichain communications. InterSwap will be using Axelar’s General Message Passing (GMP) and GMP Express messaging capabilities in facilitating 1-click, seamless omnichain swaps & liquidity transport experiences.

This integration is a big milestone towards envisioning an interconnected web3 ecosystem that avoids risks, high costs, fragmentation, and sub-optimal user experience!

Boost to Axelar Ecosystem

Axelar today supports 40+ chains, has facilitated $2B+ in txn. vol. , and supports 100+ dApps across DeFi, Infrastructure, Payment, NFT, Wallets, and Gaming.

InterSwap would be the 1st omnichain liquidity layer with unified liquidity on Axelar and hence would be playing an important role in its growth and development in the following ways:

• Facilitate capital and user inflow

• Securing the ecosystem by minimising the risks posed by legacy bridges

• Efficient capital utilisation for users

• Seamless 1-click user experience

• Faster and economical txns.

• Extensive integration use cases for projects native to Axelar

• Facilitate web2 adoption through fiat-liquidity provisioning

… and more

“We’re very excited about what the InterSwap team has built,” said Axelar co-founder Georgios Vlachos. “They’re making it possible for users to go cross-chain from native asset to native asset, at the click of a button. With projects like InterSwap, Web3 becomes interconnected and unified.”

“Axelar is going to play an important role in the growth of InterSwap not only because of its underlying infrastructure that InterSwap is going to leverage but also because of its vibrant ecosystem that would help create more impact. We look forward to this association and together we aim to create a truly Omnichain future” - Konstantin Ramazanov, Co-Founder & CEO, InterSwap

Road ahead

• The first working version will be live for users in the form of Public testnet

• Regular feedback and value capture

• Public mainnet launch follows after that

• Incentive programs all throughout

• And lastly, constant chain expansions (EVM and non EVM)

About InterSwap

InterSwap is a pioneering decentralized finance (DeFi) protocol, leveraging state-of-the-art blockchain technology to facilitate omnichain swaps across multiple EVM & Non-EVM chains. As an automated market maker (AMM), InterSwap enables users to exchange digital assets trustlessly, without the need for an intermediary. Our mission is to democratize finance, giving users the power to manage their assets in a secure, efficient, and transparent manner. With a focus on user experience and security, InterSwap is at the forefront of unlocking the potential of DeFi, providing cross-chain liquidity and creating a truly interoperable, borderless financial system. For more information, visit www.interswap.io

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About Axelar

Axelar delivers secure interchain communication over decentralized blockchain interoperability infrastructure that connects any ecosystem. That means dApp users can interact with any asset, any application, on any chain, with one click. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus. You can think of it as Stripe for Web3.

More about Axelar: axelar.network.