BlockBeats News, on September 6th, according to official sources, InterSwap, the Cross-Chain Interaction protocol supported by Axelar (AXL), announced that it has launched a public Testnet. It is reported that InterSwap is the first fully composable native asset Cross-Chain Interaction AMM, and the Cross-Chain Interaction process does not rely on wrapped assets, bridge tokens, or intermediary protocols. Users can create Cross-Chain Interaction pools using native tokens or ERC20 tokens.

BlockBeats news, on March 6, according to market sources, Canary submitted the S-1 application for its AXL ETF.

Axelar Token burning accelerates, with over 90,000 AXL tokens burned in 5 days, an inflation rate of 4.8%. Axelar Cobalt upgrade strengthens the economic model, with 98% of AXL tokens burned and 2% transferred to the community fund pool. Connecting to new blockchains through the Interchain Amplifier, the MDS mechanism provides security, AXL stake is in the validators reward pool, supporting new connections without inflation incentives.

BlockBeats news, on February 20th, possibly influenced by the news of 'Canary Capital launching the AXL trust fund, the first trust fund to provide investment in blockchain interoperability', AXL rose by over 15% in the short term, temporarily trading at $0.5032.

PANews reported on February 20th that digital asset investment company Canary Capital announced the launch of the Canary AXL Trust, providing AXL investment channels for institutions and accredited investors. At this stage, it is only open to accredited investors seeking direct investment in AXL. AXL currently provides support for Decentralization security through an interoperable network of scalable Blocks.

BlockBeats news, on February 21st, according to official sources, the planned network upgrade for Axelar has been successfully completed. The Axelar network, Satellite, cross-chain interaction Token service, Relay service, Token transfer, and general message delivery have been restored online. The Gas fees for Axelar network transfers (AXL Token) are now sent to the destruction Address instead of being allocated to Token holders.

BlockBeats news, on October 25th, Cross-Chain Interaction network Axelar (AXL) announced a partnership with Cardano at the Cardano Summit 2024. Cardano will integrate Axelar MDS to connect to Cardano.

Canary Capital has registered two common trusts in Delaware regarding the Hedera Hashgraph network, namely CANARY HBAR TRUST and CANARY AXL TRUST, both with a 'not in good standing' statement. Among them, CANARY HBAR TRUST has registered CANARY HBAR ETF, which will track the native assets of the Hedera Network. It is currently unknown whether Canary Capital will submit an AXL ETF application.

BlockBeats News, on November 19th, according to official data, Cross-Chain Interaction network Axelar (AXL) has accumulated a Cross-Chain Interaction volume exceeding 10 billion US dollars. Axelar (AXL) official stated that the next goal is to connect 1,000,000

Axelar (AXL) collaborates with OpenZeppelin, a technical service provider for Ethereum, to empower developers to create more complex and interconnected applications by providing a standardized and secure Cross-Chain Interaction messaging solution, thereby enriching the Ethereum ecosystem and driving its continuous rise. This collaboration addresses the issue of Ethereum interoperability and is crucial for maintaining a unified and efficient on-chain ecosystem.

Axelar announces approval of a new official Cross-Chain Interaction bridge, which will support Lido's wstETH Cross-Chain Interaction integration to BNB Chain, with technical support from Axelar + Wormhole. This marks Axelar's second time connecting Lido to the Ethereum L2 ecosystem outside of L2verse. Lido DAO collaborates with Axelar to establish its first official standard bridge beyond the L2verse, enabling dApps to integrate wstETH on BNB Chain into a fully programmable unified UX on the open stack.

Blockchain interoperability project Axelar's Interchain Amplifier is now live on Testnet. Its function connects different blockchain systems and greatly reduces development costs, marking an important milestone in blockchain interoperability. Testnet will be joining new blockchain networks in the coming weeks.

Based on on-chain application data analysis by DYOR founder Hitesh Malviya, Layerzero is estimated to be valued at $5.3 billion to $9.7 billion. Compared to Axelar Network, LayerZero is more like a B2B2C type, where asset transfers are typically handled by independent bridges. LayerZero will also introduce staking services and may involve some models and protocols built on top of LayerZero around OFT. News is also a key indicator for LayerZero, which may be 6-11 times higher in FDV compared to Axelar.