axelar network00
$axl
MCAP82.73M
-4.62%

what's axelar network?

Axelar Network is a decentralized interoperability platform that connects multiple blockchain ecosystems, enabling seamless cross-chain communication and asset transfers. It acts as a gateway to onchain finance, allowing developers to build applications that interact across different chains without centralized intermediaries. Key features include the General Message Passing (GMP) protocol for secure data and token transfers, support for over 80 blockchains, and tools like the Interchain Token Service for native token deployment across networks. The native token, AXL, is used for staking, governance, and securing the network through proof-of-stake consensus. Axelar emphasizes security with battle-tested mechanisms and partnerships with major projects like Avalanche and Ripple.

Snapshot

AXL token declined 20% amid acquisition compensation claims, transparency concerns, and token unlock.

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ethereum

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15H ago
ONCHAIN METRICS

Offers up to approximately 23% APR on the USDC - WETH.axl liquidity pool on Neutron via Astroport.

1M ago
ONCHAIN METRICS

Reached approximately 211% APR on the LUNA - WBTC.axl liquidity pool on Terra via Phoenix and Astroport as part of the Terra Liquidity Alliance program.

MARKET ACTIVITY

AXL token declined approximately 20% in the two weeks ending December 16, 2025.

Team member hides replies on the official Circle acquisition announcement post, raising transparency concerns about community management. (ID: 2000833706911785035)

An investment round in March 2025 is referenced, with concerns raised about investor outcomes following the acquisition.

Controversy erupts as token holders claim Circle acquisition left them with no compensation while equity benefited, alongside allegations the project historically bribed startups with large grants to drive adoption.

Large token unlock occurs this week for AXL.

Circle acquires Interop Labs team and intellectual property, the original developers behind the project, while the network, foundation, and AXL token remain independent under community governance with CommonPrefix taking over protocol development and maintenance.

Token price increases +31.66%, placing second in a list of top-performing cryptocurrencies.

Axelar maintains #6 ranking in Real World Asset development activity based on GitHub metrics, with no change in position since last month.

Axelar adopts USDH stablecoin on HyperliquidX platform to provide users and liquidity providers with optimized fees, rebates, and volume weighting.

Testnet V1.3.1 upgrade on December 1st adds support for SDK 0.50 and reduces block times to 1 second.

V1.3.1 protocol upgrade scheduled for December 1st.

YO platform launches cross-chain deposit support via Portals_fi powered by Axelar and Squid Router, enabling atomic bridge, swap, and deposit transactions across 8+ EVM chains.

Strategic integration with Saga network as part of SagaEVM's infrastructure layer alongside Squid, YieldFi, and Evmos.

Integration with Hedera connects the network to over 60 blockchains including Solana, Arbitrum, and XRPL for cross-chain asset transfers and dApp development.

Axelar joins as a sponsor for the Zcash hackathon alongside pump fun, mintlify, and the network state.

Flash Rewards program offers 10% p.a. on AXL with 14-day lockup period, limited to 685,000 AXL total allocations, available from November 20 to December 4, 2025.

2M ago

Axelar ranks #6 among top Real World Assets projects by development activity with upward movement since last month according to Santiment github data.

Axelar ranks #9 among Ethereum-based projects by development activity with an upward movement in ranking position since last month according to Santiment github activity data.

Axelar and Wormhole removed from the sBTC bridge integration previously announced with Stacks on November 5th.

Stacks announces sBTC integration with Axelar and Wormhole bridges as part of its quarterly roadmap to enable multichain functionality for sBTC.

Axelar generates $20.9m in quarterly revenue with +3% quarter-over-quarter growth and trades at less than 6× revenue multiple.

MidasRWA partners with Axelar and Hyperithm to launch mXRP, the first fully composable XRP yield token on XRPL, bridging XRP yields to EVM DeFi and boosting XRP TVL +15% in 24 hours.

Axelar infrastructure is aligned and ready for Monad's public mainnet alongside Chainlink, Pyth, Biconomy, and Blocksense as part of Monad's pre-launch infrastructure readiness.

Printr, an omnichain meme launchpad incubated by Bybit Venture Studio, integrates Axelar for bridge messaging and unified identity functionality across 7+ chains including Solana, Mantle, Base, BNB Chain, Arbitrum, Ethereum, and Avax with Sui and Monad support coming soon.

Axelar ranks 7th among Real World Asset projects by development activity with rising momentum since last month according to Santiment data based on github repository analysis.

Core contracts audits recently completed by LiFi Protocol and OpenZeppelin, with Open Intents Framework integrating Uniswap's The Compact and Arbitrum's crosschain broadcaster, plus RelayProtocol and Polymer Labs joining as core contributors.

3M ago

The project is nearing completion of its 6.5M XRP funding cap alongside MidasRWA within days, indicating high demand for their XRP yield offering.

mXRP launch scheduled for September 22, providing concrete timing for the XRP yield sources previously announced as "coming soon."

4M ago

Axelar announces upcoming XRP yield sources that capture USD-denominated yield from Ethereum and Solana to distribute as XRP-denominated rewards, available only to non-US holders with announcement coming soon.

Foundation announces new institutional custody partnership for $AXL tokens, though the custody partner's identity is unclear in the announcement.

$U token launches this week with 12-month lockup for core contributors and strategic investors, including staking rewards, plus future airdrop seasons allocated 8% of total supply.

New ZK-based interoperability competitor Union launches with $50M TVL in BTCFi protocols and 325M testnet transactions, offering direct competition through zero-knowledge proof technology.

Cross-exchange arbitrage opportunity exists between Bybit and Aevo with 0.7164% spread, yielding potential 784% APR through long-short positions.

LayerZero wins Stargate DAO approval over last-minute competing offers from multiple cross-chain protocols.

Ongoing vote for Stargate Finance acquisition faces scrutiny over low pricing and related party concerns; calls emerge for competitive bidding process.

5M ago

New Alloyed Bitcoin liquidity pool reaches $13M on Osmosis through strategic multi-partner integration.

Open interest reaches all-time high as Interop Labs prepares new Hyperliquid trading platform.

XRP Ledger launches EVM sidechain with $105M TVL and 1,400+ smart contracts, utilizing protocol for cross-chain bridging capabilities.

New Senior Marketing Manager hired with track record of million-reach campaigns from Axelar and Serotonin.

6M ago

Achieves top 3 position in cross-chain bridging volume rankings.

$50M fraud scheme exposed involving fake OTC rounds targeting VCs and institutional investors through Telegram-based Ponzi operation.

M-BTC bridge goes live on Sui Network via squidrouter, enabling cross-chain liquidity pools on MMTFinance.

New Layer 1-2-3 stack DAMA 2 launches in partnership with Deutsche Bank and zkSync, with MVP debut at Singapore Fintech Festival 2025.

Major Korean exchange listing generates $221M volume; Cobalt upgrade deployed.

7M ago

Trading volume surges 30x to $570M daily with price doubling following recent exchange listing.

New partnership with Ripple expands cross-chain connectivity to 55+ blockchains.

Cross-chain RWA infrastructure expands to XRP Ledger, Stellar, and Sui Network, marking strategic entry into major Layer-1 ecosystems.

Upbit exchange listing announcement drives 73.5% price increase

Token experiences unprecedented trading volume spike, reaching all-time high midday.

Bridge volume to Sei Network reaches $2.13B, with Sei and BNB Chain emerging as top destination chains for cross-chain transfers.

Network reaches $1B TVL milestone, primarily driven by BNB Chain activity and Binance Alpha Points program.

Strategic integration launches with BitGo, Omnity Network, and Nomic to bring Bitcoin liquidity to Osmosis DEX.

Native Filecoin storage integration launches across multiple EVM chains, enabling direct smart contract access from Ethereum, Polygon, and Avalanche.

Strategic alliance forms between three protocols to maintain and secure CosmWasm infrastructure.

8M ago

Technical breakout occurring with increased volume confirmation.

New cross-chain integration launches on Base, enabling Filecoin storage access with USDC/USDT support.

New integration with SUI mainnet expands cross-chain capabilities

Network expands to connect 75+ chains through new integration, enabling global liquidity access.

New mainnet integration with Sui Network enables cross-chain access and unified liquidity through multiple wallet integrations.

New staking program launches offering 10% annual rewards through Crypto Earn.

Interchain Amplifier protocol introduces new AXL token utility model and connects 77 chains including Sui, Stellar, and XRPL.

Limited staking opportunity offers 10% APY for 14-day lockup, starting May 8, 2025.

Generates $1.4M in fees, ranking 8th among major chains in April's fee generation metrics.

Shows 15% gain in bullish sentiment, ranking 4th among top RWA tokens

New cross-chain messaging standard ERC-7786 proposed in collaboration with OpenZeppelin, aiming to standardize blockchain communication.

Series A funding round of $12M secured, bringing total funding to $16M, with backing from Polygon and Berachain founders.

New partnership enables Bitcoin staking across 75 chains through Babylon integration.

Lost $450M bridge infrastructure opportunity to Chainlink CCIP following Ronin validator vote.

New partnership enables cross-chain storage and liquidity features with Filecoin Virtual Machine through General Message Passing.

Strategic integration with Babylon Labs enables zero-barrier BTC LST utilization through Squid Router.

New ERC-7786 standard development unifies cross-chain messaging protocols with broad industry participation.

9M ago

Completes $30M token sale amid increased VC activity in crypto markets.

New integration enables ERC20 compatibility and cross-chain expansion to major networks including TON, Sui, XRPL, Solana, and Bitcoin.

New cross-chain messaging standard ERC-7786 gains traction with Ethereum Working Group, enabling unified developer experience across protocols.

New integration with XION mainnet expands cross-chain capabilities

New multi-party integration enables direct Bitcoin liquidity on Osmosis DEX through partnership with BitGo and Nomic.

DefiLlama begins tracking protocol across 3 chains, approaching $1B in TVL.

New Mobius Dev Stack launches with three key components for cross-chain interoperability: Interchain Amplifier, Token Service, and VM.

New AXL locked staking products launch on Binance Earn, offering up to 20% APR.

Launched Cobalt 3 weeks ago. Over 430k AXL burned per month, inflation rate at 4.8%, verifiers pool reached 285k AXL (~$114k).

10M ago

Mentioned as having price increases in bridgeland

Mentioned regarding potential integration with Telegram for RWA adoption and dApp development

Sold $30M in $AXL tokens to Arrington Capital and Electric Capital. Current price $0.35, down 14%.

Foundation disclosed $30M in AXL token sales to expand interoperability protocol. Some tokens from community programs allocation now have 6-12 month lockups.

Hosting a 2-week contest for memes and art ending March 28, 2025, involving characters Sharky, Pebbles, and Peppe. Winners determined by "Axelar Heart" voting.

Filed S-1 for AXL ETF. Appointed former OCC Brian Brooks to institutional advisory board.

Bitwise files S-1 form to launch AXL ETF in US, token surges 7%.

Canary Capital filed ETF paperwork for AXL token. Price jumped 14% on news. Brian Brooks appointed to institutional advisory board.

Announced Cobalt Upgrade bringing major overhaul to AXL tokenomics and new interoperability features.

Tokenomics upgrade implemented where gas fees will be burned instead of going to token holders. Current network inflation rate is 4.8%.

11M ago

TVL reached $1B for first time

Integrating with XRPL as Ripple's interoperability partner after 1+ years of development. Will enable liquidity flow to XRPL and XRP access to DeFi. Also integrating with Sui.

Operating as general message bridge with own PoS validators for security, not limited to asset transfers.

Large volume recorded between BNBChain and Sei, with routing into Solana. Expected to connect with Solana soon.

1Y ago

Expected to have massive growth in 2025, focusing on RWAFi and BTCFi initiatives.

Discussed as being a "silent hero" working in the background of crypto infrastructure.

Network focused on cross-chain messaging and verification that allows networks to choose verification methods suitable to their nature.

Long setup targeting ~$1.80 in near term.