Now, what is the '$AXL Excella' listed on Upbit?
Axlar is a cross-blockchain infrastructure that connects various blockchains to each other to securely transmit assets and messages.
Those who have studied XRP (and haven't) know that XRP also includes ISO 20022-based electronic messages for remittances or payment instructions between financial institutions. (ex, who is the depositor, how much is the amount, when the remittance date and time are such things)
Then, what is the message that Axlar sends? Refers to the message that executes the smart contract
A technology that sends messages containing "smart contracts" such as "I'm going to send this to Pano, and once the transfer is complete, please buy as much NFT as possible with this amount" or "When you finish transferring 1 ETH to your Joshiker wallet, swap it to Bera and deposit defi."
But as you know, Ethereum is Solidity, Solana is Rust, Bitcoin and XRP are C++, Algorand is Golang, Aptos and Sui are Move, and so on...
Blockchains are developed in each other's languages and structures.
So Excel generates a neutral message in JSON format, and the local interpreter distributed on each chain interprets it and operates it.
In my opinion, this is a technology that provides convenience to the blockchain financial illiterate, and it will play a role in creating liquidity (not supply) that is essential for the economy to run in the AI era and multi-blockchain era, rather than just moving assets.
After all, if you send a message in natural language, I think it's the cornerstone of the driving stage.
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