Latest news with #AxelarFoundation
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
