Axelar coin (AXL) is a hot topic in recent news, with multiple reports of its potential in dominating the cross-chain communication industry. The heavy coverage on Axelar centers on the company's impressive progression and wide-reaching impact, particularly with its tie-ins with significant entities. Notably, the latest has been their collaboration with Ripple to enhance the XRP Ledger, a move lauded as a boost for demand for XRP, as stated by an
Axelar co-founder. This hints at an exciting synergy between Axelar and other cryptocurrencies.
Furthermore, over 70 chains can now stake Bitcoin thanks to a partnership between Babylon and Axelar, unlocking an unprecedented level of cross-chain operability. The impact has been palpable, with AXL's price witnessing a 14% jump following the news of Canary Capital filing for an Axelar ETF.
The coin reached a significant milestone when JPMorgan and Apollo used it as concept proof for the tokenization of assets- a clear sign that the coin's underlying technology has meaningful utility in the sector.
Institutional investors have expressed interest in the coin, evident from Canary Capital launching the
Axelar Trust., while other key highlights include integration with Filecoin, RLUSD stablecoin eyeing increased XRP demand, and TON eyeing Axelar for bridging 68 blockchains in the Web3 ecosystem.
Despite some bearish predictions for the coin’s future, the overall sentiment seems bullish, driven by
Axelar's innovative interoperability stack, their forthcoming bridge mainnet launch in Feb., and the coin's inclusion in altcoin watchlists.
Therefore, it would be an understatement to say that Axelar Network is carving out an impressive niche in terms of cross-chain interconnectivity and operability.
Axelar Coin News Analytics from Tue, 11 Jan 2022 08:00:00 GMT to Thu, 01 May 2025 07:00:00 GMT -
Rating 8
- Innovation 9
- Information 8
- Rumor -8
