
The recent actions of Canary Capital have garnered attention, filing to create an ETF which tracks Axelar protocol (AXL), and concurrently launching Axelar Trust, targeting institutional investors. Deemed a revolutionary force in the realm of blockchain, Axelar's Mobius Stack is drawing rave reviews for its impressive feats in cross-chain protocol interoperability. Additionally, Axelar's latest partnership with Microsoft signals a pivotal move towards the development of hybrid blockchain solutions.
As Axelar makes waves in crypto, DeFi token Toncoin (TON) is also gaining traction with potential 20x gains, ready to overthrow big names like Cardano (ADA). On the institutional front, Deutsche Bank has chosen an Axelar developer as a partner for their foray into Singapore's Project Guardian.
True to form, Axelar is set to join hands with Ripple for an Ethereum VM Sidechain Launch. Some predictions envisage a bullish future for Axelar's price, with co-founder anticipating an increase in demand for XRP due to the introduction of RLUSD stablecoin.
A significant achievement was marked by Axelar being chosen by TON to link 68 blockchains in the emerging Web3 ecosystem. On the home front, Axelar's interoperability stack is now live and the mainnet of its interoperability bridge is slated for a February release.
In a recent listing by Crypto Bureau, Axelar found itself among top crypto assets to watch alongside Aave and THORChain. Another impressive feat was securing a deal with Ripple and Microsoft for interoperability solutions, reinforcing Axelar's position as a major player in the evolving crypto market.
Axelar Coin News Analytics from Tue, 11 Jan 2022 08:00:00 GMT to Wed, 05 Mar 2025 22:16:00 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor 6