↑ Axelar Coin Expanding Web3 Interoperability with Strategic Partnerships and Technological Upgrades
Axelar , a web3 interoperability platform , has been gaining attention in recent weeks, achieving a substantial rise in token price and market...
Despite bearish predictions for the Axelar coin up to 2025, there's significant optimism fuelled by several key developments. Notably, Upbit has listed the token, sparking a bull run that saw the Axelar coin and Balance (EPT) tokens making significant gains. The listing added $200M to Axelar's market cap as prices soared 70%.
Axelar's technology has proved instrumental in enhancing cross-chain interoperability, which led to Ripple's XRP being bridged to the Axelar Network, increasing interoperability among tokens. Axelar also linked Babylon Genesis' BABY token to the Global Web3 community, highlighting its transformative staking potential across 70+ chains.
Axelar also established a partnership with Ripple for native token XRP, in addition to listing on Crypto.com. Significant institutional backing should boost recovery for Axelar coin, especially as Canary Capital launches an Axelar Trust targeting such institution investors.
Beyond empowering XRP, Axelar's impact is visible across the blockchain and Crypto world. For instance, JPMorgan, Apollo Token, Oasis, and Provenance leveraged Axelar's blockchain technology in a 'Proof of Concept' to tokenize funds. Axelar has also partnered with Microsoft for hybrid blockchain solutions and endorsed rivals Wormhole as a bridge for crypto networks.
The progress made by Axelar coin has earned it a place among top altcoins to watch, with price surges nearing 90%. This outcome has been positively influenced by listings on Upbit and the Sui Bridge. With these developments, Axelar could be on a bullish path for the upcoming years.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Sat, 09 Aug 2025 07:00:00 GMT - Rating 7 - Innovation 9 - Information 8 - Rumor 4
