Axelar, the network dedicated to cross-chain communication, has witnessed significant developments recently. The novel blockchain project has formed strategic partnerships with heavyweight corporations
Microsoft and
Ripple to foster blockchain adoption and enhance blockchain interoperability, respectively. This has complemented its mission to enable seamless interaction amongst different blockchains. In an additional advancement,
Filecoin will be integrated into Axelar's blockchain ecosystem. Canary Capital, a prominent investment company, has initiated the
Canary AXL Trust aimed at institutional investors and has also filed for an ETF tracking Axelar. The company’s token,
AXL, experienced a 14% price increase following the filing. Axelar has also been chosen by TON for linking 68 blockchains within the web3 ecosystem. Co-founder of Axelar has confirmed a bridge between XRPL, Xahau and Flare, which is expected to boost the demand for the RLUSD stablecoin and XRP. In a 'proof of concept' initiative,
JPMorgan and
Apollo have tokenized funds with Axelar and other parties. Axelar's price predictions, up to 2030, hover around a $5 target, however, they remain subject to market volatility and other unforeseen factors.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Tue, 22 Apr 2025 22:29:47 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 6
