Latest news with #Axelar
Business Wire
08-05-2025
- Business
- Business Wire
Sui Integrates Axelar to Unleash Limitless Scale for Next-Generation Asset Issuers
NEW YORK--(BUSINESS WIRE)-- Axelar today advances global blockchain interoperability with the mainnet integration of Sui, the blockchain built for mass adoption, to advance their shared vision of empowering asset issuers to deliver seamless UX at limitless scale. The integration comes as DeFi surges on Sui, with more than 1.4M daily active wallets powering over $11B in DEX volume over the last 30 days alone. Sui's connection via Axelar unlocks interoperability across all of crypto. Tapping into Sui's high-performance infrastructure and growing liquidity is now as simple as deploying a single smart contract on Axelar's Interchain Token Service (ITS). This is what we mean when we say, "one connection; limitless possibilities." TLDR Axelar's development stack includes toolsets like Interchain Token Service (ITS) that keep UX seamless across multiple blockchains with secure multichain tokenization. Sui has transformed UX so that users interact with apps, not chains – and set records in throughput, delivering sub-second finality via its innovative parallel processing consensus mechanism. "Axelar enables asset issuers to leverage Sui's industry-defining UX and scale to everyone across crypto," said Christian Thompson, managing director of the Sui Foundation."Both Sui and Axelar have built groundbreaking scalability solutions while maintaining best-in-class security, and I'm excited to see what this integration will unlock for developers." Chain abstraction = 'Web2' UX + institutional adoption Internet users are accustomed to application experiences that abstract away multiple layers of infrastructure. Contrast that against the multichain era of Web3 today, where users themselves may be asked to stitch together bridges, wallets and gas tokens just to use an app. Empowering asset issuers to overcome this fragmentation is the core capability of Axelar's Interchain Token Service (ITS). Axelar and Sui share a worldview in which these barriers can be broken down and users can interact with applications, not chains. Here's a real-world example showing how financial institutions can now build compliant products that connect liquidity and access across multiple blockchains via Axelar ITS: Using Interchain Amplifier, they connect private and compliant new blockchains and communities as easily as deploying a smart contract. Using Interchain Token Service (ITS), they can mint tokenized assets as-native across these chains, preserving the same fungibility and functionality everywhere. With Sui and Axelar integrated, these institutions now have unlimited scalability at their disposal, combined with built-in compliance and audit capabilities, institutional-grade security, and simple UX features like Sui's zkLogin for onboarding. Institutions can add these innovative capabilities without creating user hurdles for their clients. "Axelar introduces faster connections for everyone from financial institutions to consensus innovators like Sui," said Georgios Vlachos, director at Axelar Foundation and co-founder of Axelar protocol. "Sui has made huge strides with institutions like Franklin Templeton, VanEck and Grayscale; Axelar has provided institutional-grade secure connectivity for Deutsche Bank and J.P. Morgan's Kinexys. These institutions recognize the power of interoperability to enable compliant solutions at the full scale of Web3 liquidity and accessibility." Scalability = next-generation consensus + universal interoperability With Sui and Axelar connected, industry-leading performance meets universal connectivity – and it's only possible via Axelar. Sui's proven sub-second finality has broken records for blockchain throughput. It's based on Sui's Mysticeti protocol powered by Bullshark, a novel decentralized acyclic graph (DAG) consensus mechanism, and Narwhal, a high-throughput mempool and consensus engine. Without Axelar, protocol-level innovations like these can end up in silos, unavailable to the broader crypto ecosystem. Axelar abstracts the complexity of connecting advanced consensus mechanisms and issuing assets that are natively multichain, enabling integration via a simple smart contract. Sui + Axelar = market impact and future vision The mainnet integration of Sui and Axelar is a call to developers to build new applications Web3 has never seen before. Several of them are already planning and building multichain layers into their dApps – including Aftermath and Bluefin, two of the largest DEXs on Sui. 'Sui's protocol-level capabilities have enabled Aftermath to deliver things that wouldn't be possible anywhere else – like near-zero slippage, best-execution and a CEX-like user experience built fully on-chain,' said Aftermath Finance co-founder and CTO Kevin Nelson. ' We've been looking forward to the Axelar connection, which will enable Aftermath to expand these innovations to every asset in Web3, reaching DeFi users everywhere.' 'Our North Star at Bluefin is to deliver an on-chain trading user experience that can compete with that of Binance. Sui makes this possible,' said Bluefin co-founder Rabeel Jawaid. 'Axelar not only supports seamless bridging and onboarding, it will also enable Bluefin to connect liquidity cross-chain, accelerating our path to making on-chain a zero-tradeoff proposition for both retail and institutional users.' With Sui connected to the broader crypto ecosystem via Axelar, asset issuers and developers enjoy: A unified API for accessing all major blockchain networks. A developer suite that includes Interchain Token Service for rapid multichain tokenization. Easy connection of new blockchains via Interchain Amplifier. Axelar connectivity doesn't stop with Sui. Axelar is accelerating connectivity to a list of major blockchains that includes Monad, Solana, TON, XRP Ledger, and dozens of L2s and application-specific blockchains, and these integrations have the power to bring greater liquidity to the Sui blockchain. Get started building today and see how fast you can build the future of Web3 with Axelar and Sui: About Axelar Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) that has crossed $1 billion. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems. Learn more at
Business Mayor
23-04-2025
- Business
- Business Mayor
Filecoin to Be Integrated With Axelar
Filecoin and Axelar Network are collaborating to enable cross-chain storage and liquidity for the Filecoin Virtual Machine. Developers will be able to store, verify, and fund data on Filecoin from any connected chain using Axelar's General Message Passing. FIL Info Filecoin FILUSD is a decentralized storage system that aims to 'store humanity's most important information'. The project raised significant funds via an initial coin offering (ICO) in 2017. Filecoin is the digital token that is used as payment for storage or retrieval of data within the network. The network uses a unique proof-of-storage system where miners earn more by sharing more storage, and the data they store is constantly verified to ensure its correctness. Filecoin competes with centralized storage systems such as Amazon S3, and allows individuals to monetize their spare storage space on the network. READ SOURCE
Associated Press
10-04-2025
- Business
- Associated Press
Axelar Connects Babylon Genesis' BABY to Global Web3, Bringing Bitcoin Staking to 70+ Chains
The Babylon Genesis chain mainnet, which supports native Bitcoin (BTC) staking directly on the Bitcoin ledger, is now live with activated finality providers and BABY rewards for BTC stakers. Alongside these advancements, Babylon Genesis and Axelar, the leading Web3 interoperability platform, are integrating to provide a seamless bridge connecting the Babylon Genesis ecosystem and its native token, BABY, to the global network of Web3. 'With Axelar's integration, the Babylon Genesis ecosystem is now accessible across more than 70 blockchain ecosystems,' said Clayton Menzel, Head of BD at Babylon Labs. 'This marks a major step towards Bitcoin becoming the security foundation of the decentralized world. Developers and users can now tap into the Bitcoin staking protocol and extend its benefits beyond a single chain.' A new era for Bitcoin and cross-chain innovation By preserving BTC's self-custody model, Babylon Genesis orchestrates a marketplace of Proof-of-Stake networks eager for robust security. The BABY token unites this ecosystem under a transparent governance structure, rewarding early adopters and key contributors. Babylon Genesis is already reshaping decentralized finance (DeFi) by channeling Bitcoin's stability and liquidity into the broader crypto ecosystem. 'Bitcoin's status as an institutionalized asset not only reinforces its value as a store of wealth but also enables it to play a critical role in the innovation happening on-chain,' said Georgios Vlachos, co-founder of Axelar protocol and director at Axelar Foundation. 'This integration opens up new horizons for developers to freely compose cross-chain applications and unlocks groundbreaking use cases across the decentralized landscape – with verification tied back to Bitcoin, the original distributed ledger.' Decentralized and open-source interoperability As a leading decentralized and open-source interoperability platform, Axelar serves as an ideal bridge for Babylon Genesis' BABY token. Axelar offers battle-tested infrastructure with over $11 billion in cross-chain volume, the broadest blockchain connections across 70+ networks, and an Interchain Token Service that simplifies cross-chain token management. Axelar provides BABY with widespread availability for use in various applications. Builders incorporating Bitcoin staking can tap into a rich toolset that includes: Interchain Token Service (ITS): Issue and upgrade tokens so they move as-native across blockchains; leave traditional bridges behind. Interchain Amplifier: Connect any new blockchain or off-chain resource permissionlessly; it's as easy as deploying a smart contract. Get started Babylon Genesis and Axelar are committed to empowering developers, institutions and users to unlock the full potential of Bitcoin for cross-chain innovation. Several Babylon ecosystem teams are already building integrations into Axelar, including EtherFi, Kinza, Lorenzo and Tower. Bridging routes are coming online in a matter of days: join the Axelar Announcements channel on Telegram at for timely updates. About Axelar Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) that has crossed $1 billion. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems. Learn more at About Babylon Labs Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility. PR Director, MarketWaves (754) 215-4315 SOURCE: Axelar Copyright Business Wire 2025. PUB: 04/10/2025 06:30 AM/DISC: 04/10/2025 06:31 AM
Associated Press
08-04-2025
- Business
- Associated Press
XION and Axelar Integrate to Enhance Interoperability and Drive Web3 Adoption
Seamless connectivity with over 70 other ecosystems positions XION, a consumer apps blockchain, for widespread adoption NEW YORK, April 8, 2025 (Bitwire) -- XION, the first Layer 1 blockchain designed specifically for consumer adoption, has integrated with Axelar, a leading secure interchain communication protocol. This integration enables XION to connect natively with over 70 other blockchains. 'The XION blockchain is pioneering a consumer-oriented approach to blockchain-based application platforms,' said Georgios Vlachos, director at Axelar Foundation and co-founder of the Axelar protocol. 'By integrating with Axelar, everyone in Web3 can access a new generation of user-friendly apps – and XION is poised to offer its users unparalleled access to a multitude of blockchain ecosystems.' XION is a next-generation Layer 1 blockchain that simplifies Web3 interactions through its Generalized Abstraction infrastructure. This technology removes technical barriers such as wallet management, private keys, and gas fees, enabling users to engage with blockchain applications as effortlessly as traditional web apps. 'Integrating Axelar is an exciting milestone for the XION ecosystem, as it provides seamless interoperability and greater access. ,' said Burnt Banksy, founder of the XION blockchain. 'It aligns perfectly with XION's mission to abstract away the complexities of crypto and make Web3 accessible to everyone.' With the integration of Axelar, XION's interoperability extends to 70+ other ecosystems, allowing for seamless cross-chain communication. This expansion unlocks a variety of potential use cases, including: ● Decentralized Social Platforms: Facilitating secure identity management and content ownership across multiple blockchains. ● Global Commerce: Enabling borderless payments and programmable loyalty programs without the need to manage multiple wallets or currencies. ● Blockchain Gaming: Supporting interoperable in-game assets and cross-game progression, enhancing the gaming experience across different blockchain networks. By bridging XION with a diverse array of blockchains, the Axelar integration paves the way for innovative applications that can operate fluidly across ecosystems, driving forward the mainstream adoption of Web3 technologies. About Axelar Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) that has crossed $1 billion. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems. Learn more at About XION XION is the first Layer 1 blockchain purpose built for consumer apps, and focused on making Web3 accessible to all internet users. It achieves this by making crypto disappear through its Generalized Abstraction, simplifying complexities such as wallets, private keys, multi-device usage, gas fees, and more. By removing common Web3 friction points, XION accelerates the mainstream adoption of Web3 by making blockchain technology more accessible to users and developers. Media Contact Karla Vilhelem
Associated Press
18-03-2025
- Business
- Associated Press
Interop Labs Joins Linux Foundation Decentralized Trust
'Open-source approaches will be essential in the next phase of blockchain development, and the Axelar community has shown a strong commitment to building an open-source stack,' said Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar Protocol. 'We at Interop Labs are proud to support the Linux Foundation and LF Decentralized Trust to advance transparency, reliability, security and efficiency in future iterations of the internet.' Interop Labs is a systems and product development company dedicated to enabling an open, interconnected Web – and is the initial developer and a core contributor to the Axelar network, a leading blockchain interoperability protocol. Recently, Interop Labs Head of Legal, Jason Rozovsky, presented to the LF Decentralized Trust community at a workshop meeting hosted by Kinexys by J.P. Morgan. The talk, 'Connection Without Custody: Axelar and Multichain Security,' focused on the security and compliance advantages inherent in open-source and noncustodial blockchain interoperability. 'Decentralization is the key attribute driving institutional interest in blockchain networks. From a business perspective, decentralization provides censorship-resistant asset storage and transfer, strengthening security,' Rozovsky said. 'From a policy perspective, decentralization ensures that infrastructure remains insulated from risks associated with centralized intermediaries. We at Interop Labs are looking forward to contributing to the Linux Foundation and LF Decentralized Trust from the perspective of a decentralized interoperability builder.' Rozovsky and noted blockchain legal expert Lewis Rinaudo Cohen, partner at Cahill Gordon and co-chair of CahillNXT, co-authored a white paper on how decentralized blockchains can represent not a threat, but an opportunity and a paradigm shift for regulators. Download and read the white paper at LF Decentralized Trust has gathered a global roster of leaders and major institutions in finance and technology: Mastercard, the Depository Trust and Clearing Corporation (DTCC), Ripple, the Ethereum Foundation and several central banks – to name a few. Interop Labs joins this group at the forefront of defining the resilience and security of critical systems that will reshape markets and transform industries for a digital-first economy. About Axelar Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) that has crossed $1 billion. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: About Interop Labs Interop Labs is a systems and product development company dedicated to enabling an open, interconnected Web. The company was founded in 2021 on the belief that open-source, heterogeneous, interconnected systems have the power to nurture innovation and creativity for the betterment of all humankind. Interop Labs builds, invests in and incubates innovative projects pushing the boundaries of blockchain interoperability, cryptography and machine learning – including as a core contributor to the Axelar network, a leading interoperability protocol. Learn more: PR Director, Market Waves SOURCE: Interop Labs Copyright Business Wire 2025. PUB: 03/18/2025 09:33 AM/DISC: 03/18/2025 09:32 AM
