Axelar is launching the AVM virtual machine, allowing developers to write cross-chain smart contracts
According to Layer1 Axelar on X platform, Axelar is launching a virtual machine (AVM) that allows developers to write smart contracts with cross-chain functionality. Protocol-level cross-chain logic can now be encoded at the smart contract layer to achieve chain abstraction-related functions.
Ripple Executives Praise Integration with Axelar Network for Blockchain Interoperability
Ripple executives, including President Monica Long and RippleX SVP Markus Infanger, have praised the integration of Axelar Network with the XRP Ledger (XRPL). This partnership has also been welcomed by the XRP community as it aims to improve blockchain interoperability and cross-chain connectivity. The collaboration will enhance the XRPL's capabilities, allowing for the facilitation of cross-chain decentralized applications (dApps) and the expansion of XRPL's features across multiple blockchains. Through this partnership, Axelar aims to extend XRPL's interoperability to over 55 connected blockchains, promoting greater interoperability and connectivity within the blockchain ecosystem.
Axelar (AXL) Breaks Above 1.51 USDT, Hits All-Time High
Bitget market shows that Axelar (AXL) has broken through 1.51 USDT, reaching a historical high; currently reported at 1.51883 USDT, with a 24-hour increase of 20.02%.
Axelar Brief Q4 2023
The Axelar network (AXL) is a Layer-1 (L1) network that enables cross-chain interoperability between various crypto ecosystems, i.e., a crypto overlay network. Axelar consists of a decentralized network; a set of Gateway smart contracts that connect the Axelar network and its interconnected external chains; and a software development kit (SDK) of developer tools and APIs.
Frax Finance integrates the cross-chain infrastructure protocol Axelar Network (AXL) and issues assets such as FRAX and frxETH on multiple chains
The stablecoin protocol with a hybrid algorithm, Frax Finance, announced that it has integrated with the cross-chain infrastructure protocol Axelar Network (AXL), enabling the issuance of assets such as FRAX and frxETH on multiple blockchain platforms including Osmosis, Mantle, Linea, Kujira, Manta Network, and Scroll. This is aimed at expanding the coverage and interoperability of its assets, further expanding the Frax Finance ecosystem.
Axelar (AXL) announces the integration of Vertex, which becomes another major DEX using Axelar services after dYdX, Uniswap and Pancakeswap
Cross-chain infrastructure protocol Axelar announced that it will provide cross-chain interoperability technology support for DEX protocol Vertex.
Frax community approves plan to scale to multiple new blockchains using Axelar
Cross-chain protocol Frax has announced a proposal that has been passed through on-chain governance, using Axelar to expand the Frax Finance product to multiple new blockchains.
