Axelar, a cross-platform blockchain protocol, is at the center of discussions concerning cross-chain communication and the tokenization of real-world assets (RWA). The firm aims to connect
Bitcoin with more than 65 other blockchain networks, a massive innovation in the blockchain industry. It is partnering with
Microsoft Azure to develop web3 services, offering interoperability to Rollkit to increase blockchain connectivity, and is integrating with
Stacks to bridge Bitcoin across multiple chains. Moreover, Axelar has partnered with Ripple for the tokenization and cross-chain communication of RWA on the XRPL.
Further,
Axelar's native token (AXL) has experienced significant surges, due in part to new partnerships and its list placement on top platforms like Binance and INDODAX. It draws attention from crypto investors as it surged 14% to a new all-time high and further rose 30% on the announcement of its Binance listing. Major players like JPMorgan and Apollo have experimented with Axelar for concept proofs, and Lido DAO has favored Axelar over LayerZero for crypto bridging.
Future for Axelar seems bullish as it is poised to play a leading role in the data tokenization boom with XRPL. The protocol recently raised $35M at a $1B valuation achieving
'unicorn' status, which validates its innovative approach. Furthermore, its listings on various exchanges will undoubtedly put Axelar on the map for potential investors.
Axelar Coin News Analytics from Fri, 13 Nov 2020 08:00:00 GMT to Thu, 25 Jul 2024 07:00:00 GMT -
Rating 8
- Innovation 10
- Information 7
- Rumor -4
