Gate News Bot Message, January 27, according to CoinMarketCap data, as of press time, AXL (Axelar) is trading at $0.09, up 19.27% in the past 24 hours, reaching a high of $0.09 and a low of $0.06, with a 24-hour trading volume of $39.3 million. The current market cap is approximately $9.86 million, an increase of $1.59 million from yesterday. Axelar is the on-chain financial gateway, dedicated to helping institutions enter the entire blockchain ecosystem safely and compliantly. The platform connects multiple chains through a single integration, supporting the full process from token issuance to trading and yield generation. Axelar has over 75 validators, zero security vulnerabilities, and provides institutional-grade security. Main products include: Interchain Token Service

After stablecoin giant Circle announced the acquisition of Interop Labs, the Axelar ecosystem native token AXL quickly faced downward pressure. Data shows that following the announcement, AXL dropped approximately 13% to 15% on Tuesday, becoming a focal point of market attention. Although this transaction validated the value of Axelar's interoperability technology, the fact that AXL tokens and the Axelar network itself were explicitly excluded from the acquisition scope clearly cooled investor sentiment. Interop Labs was the original core development team of the Axelar network, responsible for the design and implementation of cross-chain communication protocols for a long time. According to the announcement, Circle will incorporate the engineering team of Interop Labs and its proprietary intellectual property to strengthen its capabilities in blockchain interoperability, stablecoin infrastructure, and payment networks. Meanwhile, the subsequent maintenance and development of the Axelar ecosystem will be more heavily handled by another long-term contributor, Common Prefix.

Moonrock Capital founder Simon Dedic expressed strong dissatisfaction with Circle's acquisition of Axelar, considering it morally problematic, and criticized the exclusion of Axelar's Foundation and AXL tokens, calling it a "criminal act."

According to a Gate News Bot message on December 10, citing CoinMarketCap data, as of press time, AXL (Axelar) is currently trading at $0.13, up 18.29% in the past 24 hours, with a high of $0.14 and a low of $0.11. The 24-hour trading volume has reached $37.8 million. The current market capitalization is approximately $142 million, an increase of $21.9 million compared to yesterday. Axelar is a cross-chain network platform that connects institutions with the entire on-chain ecosystem, providing a channel for institutions through a single integrated interface. The platform supports token issuance, trading, and yield generation across more than 80 blockchains. Axelar's core products include Interchain Token Service (ITS), Fullport institutional trading access, and more, enabling users to achieve "deploy once, scale everywhere" multi-chain distribution, with built-in compliance and liquidity routing features.

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.

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.