Axelar Coin (AXL) has been dominating investment news recently. The digital currency was listed on Upbit, leading to a surge in its value, with an 80% upward move breaking a multi-month downtrend and resulting in over $200 Million added to its market capitalization. Furthermore, Babylon Genesis acknowledged cooperation with Axelar to bring bitcoin staking to more than 70 chains. Meanwhile, Canary Capital has filed to establish a ETF tracking Axelar's cross-chain protocol. Despite this, some bearish sentiments surround the token's price prediction for 2025. Unfazed, TON chose Axelar to connect 68 blockchains into the Web3 ecosystem. Additionally, an ETF for Axelar by Canary Capital instigated a 14% climb in AXL’s price. The integration of
Filecoin with
Axelar and the advent of Bitcoin staking on over 70 chains by Babylon and Axelar have been major occurrences. Another significant update was the formation of the Institutional Advisory Board of Axelar Foundation, with Brian Brooks joining in. Besides, Canary Capital has initiated Axelar Trust to lure institutional investors.
JPMorgan and
Apollo are testing tokenization with Axelar, Oasis, and Provenance. In more news, Axelar’s interoperability stack was launched while the co-founder, promising rapid increase in demand for XRP due to Stablecoin RLUSD. The crypto bridge endorsement of Lido DAO turned towards Axelar and Wormhole as opposed to LayerZero. More so, developers now have access to Cross-Chain Crypto Apps development via Axelar's Virtual Machine. An interesting partnership between Ripple and Axelar is expected to bring interoperability to XRP Ledger Blockchain.
Axelar Coin News Analytics from Wed, 25 Sep 2019 04:03:01 GMT to Wed, 11 Jun 2025 16:52:14 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
