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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
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
13-03-2025
- Business
- Associated Press
Axelar Integrates Elys Blockchain
Axelar\'s newest Cosmos ecosystem integration expands Elys\' vision for user-friendly, universal DeFi. Elys, a DeFi platform built on the Cosmos ecosystem, is integrating with Axelar Network to scale its vision of better DeFi user experience (UX) enabled by chain abstraction and unified liquidity. Elys has created a DeFi hub across the Cosmos ecosystem, providing staking, swaps, liquidity mining and leveraged LP across top Cosmos assets. They're also developing key features like a perp DEX, perpetual orderbook, and prediction market. The goal is simple: access every DeFi tool you need, all in one place, across every ecosystem. To date, the platform has $3.3 million in TVL and has handled $17 million in volume over the past year ( source). Elys takes a holistic platform approach, featuring innovations such as account abstraction and smart-shielded pools to tackle challenges like impermanent loss, arbitrage inefficiencies, slippage, and high fees. Elys is changing the way DeFi users engage, uniting fragmented liquidity and pioneering a user experience that is smoother and more rewarding. 'The Cosmos ecosystem provides incredible technology to enable specialized blockchains like Elys to focus on what they do best –it\'s the same reason we chose to build Axelar using Cosmos SDK,' said Georgios Vlachos, Axelar Foundation director and Axelar protocol co-founder. 'Now that they have found product-market fit, Axelar is here to help them scale beyond the Cosmos and deliver their innovation to Web3 at large.' 'Cosmos was designed to be the Internet of Blockchains, and Axelar is extending that vision across every ecosystem in Web3. That's why we chose to build within the Cosmos ecosystem – it\'s the best place to connect with every network while allowing us to create a chain tailored to our needs using the Cosmos SDK,' said Hesham Aly, co-founder of Elys Network. 'Every road will lead to the Cosmos ecosystem, and Elys Network will make it seamless for anyone to own, use and trade whatever they want.' 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 Elys
