Axelar's future holds potential with mixed sentiments emerging from various sectors. Despite bearish trends overshadowing ETF optimism by 2025,
Canary Capital has made moves to launch its ETF tracking cross-chain protocol Axelar (AXL), sparking a significant 14% jump in AXL's price. Enhanced by substantial industry support, Brian Brooks is set to join Axelar Foundation's Institutional Advisory Board.
The introduction of RLUSD stablecoin is anticipated to boost demand for XRP, as stated by Axelar's co-founder. There's also coordination with Filecoin for integration and a partnership with Babylon to bring bitcoin staking to 70+ chains, boosting Web3 growth. Notably, TON has selected Axelar to link 68 blockchains in Web3 ecosystem, reinforcing Axelar's positioning in blockchain interoperability.
JPMorgan &
Apollo have collaborated on tokenizing funds in a 'proof of concept' with Axelar. As Axelar's new interoperability stack goes live,
Ripple’s XRPL eats into Axelar for RWA and cross-chain communication. Ripple's partnership with Axelar hints at bringing interoperability to XRP Ledger Blockchain.
Axelar's recent funding round raising $35M escalated its valuation to $1B, simultaneously introducing a Virtual Machine for developers building cross-chain crypto apps. However, criticisms emerged with Lido DAO endorsing rivals Wormhole & Axelar for Crypto Bridge. But Axelar's bullish outlook persists for the upcoming years, suggesting AXL could break the $5 mark by 2025.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Thu, 01 May 2025 07:00:00 GMT -
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