Axelar, the blockchain interoperability leader, is announcing the launch of Interchain Token Service (ITS), a product suite that extends tokens cross-chain, preserving their native functionality and allowing teams to easily manage supply and features.
ERC-20 tokens have unlocked powerful interoperability between Ethereum-based applications. In a similar way, Interchain Token Service creates Interchain Tokens that unlock new possibilities for interconnected applications spanning all EVM-compatible ecosystems. Sushi, the popular decentralized exchange (DEX) & automated market maker (AMM), is among the first deployment partners to embrace Interchain Tokens.
Interchain Token Service delivers:
Fungibility: Wrapped versions on connected chains are fungible with one another.
Custom functionality: Custom tokens kee
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