AXL (Axelar) increased by 19.27% in the past 24 hours

Gate News Bot Message, January 27th, according to CoinMarketCap data, as of press time, AXL (Axelar) is currently priced at $0.09, up 19.27% in the past 24 hours, with a high of $0.09 and a low of $0.06. The 24-hour trading volume reached $39.3 million. The current market capitalization is approximately $9.86 million, an increase of $1.59 million compared to yesterday.

Axelar is the on-chain financial gateway dedicated to helping institutions securely and compliantly access the entire blockchain ecosystem. The platform connects multiple chains through a single integration, supporting full-process services from token issuance to trading and yield generation. Axelar has over 75 validators, zero security vulnerabilities, and provides institutional-grade security guarantees.

Main products include: Interchain Token Service (ITS), which supports instant deployment of stablecoins, RWA, or funds on over 80 blockchains, with programmable control, compliance, and liquidity routing features; Fullport institutional trading access tool, enabling seamless trading through mainstream on-chain trading venues like Hyperliquid; and an upcoming on-chain yield generation feature supporting cross-DeFi ecosystem expansion. Axelar’s Mobius Development Stack integrates development tools such as Interchain Token Service, Axelar Virtual Machine, and Interchain Amplifier, trusted by over 300 partners across 16 industry verticals including enterprises, RWA, DeFi, wallets, and infrastructure.

Recent important news about AXL:

1️⃣ Cobalt Upgrade Strengthens Token Economics
Axelar’s Cobalt upgrade enhances the token economics, aiming to reinforce the security foundation of unlimited interoperability connections. This upgrade optimizes AXL’s incentive mechanisms and validator participation, providing a more solid economic support for the long-term development of the cross-chain ecosystem. This move reflects the project’s ongoing focus on network security and sustainable operation.

2️⃣ Market Fluctuation Due to Circle Acquisition
Circle’s acquisition of Axelar caused short-term market adjustments, with AXL token dropping 15% following the event. The development team shifted focus to Circle’s business. Despite market reactions, Axelar’s core cross-chain infrastructure value and its ecosystem of over 300 partners remain stable.

3️⃣ Continued Expansion of Institutional Application Ecosystem
Axelar has formed a comprehensive partnership matrix across multiple verticals including enterprises, RWA assets, DeFi, and infrastructure, covering 16 industry sectors. Its Interchain Token Service’s deployment capability on over 80 blockchains, along with the upcoming on-chain yield generation feature, lowers the entry barrier for institutional capital entering the blockchain ecosystem.

This message is not investment advice. Investors should be aware of market volatility risks.