Axelar Coin has emerged as a crypto asset drawing significant interest among investors, despite witnessing shades of bearish trends. Among key recent activities, it has been instrumental in connecting Babylon Genesis’ BABY to the global Web3 and facilitating Bitcoin staking on more than 70 chains. This development surfacing alongside a range of altcoins surging in price recently. The RLUSD stablecoin is also predicted by Axelar’s co-founder to enhance demand for XRP.
Axelar Coin has snapped its multi-month downtrend, recording a robust 80% movement driven by its Upbit listing. Canary Capital has also filed to roll out an ETF that tracks the
cross-chain protocol Axelar. Integration with Filecoin and successful partnership with Babylon to boost Bitcoin staking over 70 chains is another significant development for Axelar. Tezos Network (TON) has selected Axelar to link 68 blockchains in Web3. Recent reports suggest JPMorgan and Apollo have tokenized funds in a 'Proof of Concept' with Axelar, Oasis, Provenance, indicating Axelar's increasing institutional relevance. Canary Capital has launched
Axelar Trust targetting institutional investors, and Binance has listed
Axelar Coin with new trading pairs. Recently,
Axelar closed a $35M funding round, taking its valuation to $1B. Further, Ripple has decided to employ Axelar as a bridge protocol for EVM sidechain. Looking ahead, with Ripple intending to add Ethereum compatible smart contracts to XRP Ledger, multiple chains' token exchange might become simpler.
Axelar Coin News Analytics from Wed, 25 Sep 2019 04:03:01 GMT to Sun, 15 Jun 2025 21:35:08 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 5
