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Token unlockings translate to an increase in the asset's supply, releasing coins from a vesting period including to early investors. Large unlocking events usually lead to price declines due to the supply increase outpacing investor demand for the asset, a study by crypto analytics firm The Tie found earlier this
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The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains. Original Source
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Once implemented, developers will be able to use Azure to access to an Axelar-based blockchain tool that connects dapps to networks, services and developer tools via the AxelarJS software library. That will allow them to automate multichain deployments for Web3 products, and the Axelar General Message Passing (GMP), which enables
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On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store.Galen Moore, Axelar’s spokesperson, told Cryptox that the initiative would enable Axelar
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After a comprehensive review involving code evaluation and direct interaction with the bridge teams, the committee approved Wormhole and Axelar for Uniswap's specific use case of protocol governance. Other bridges including LayerZero, Celer, DeBridge and Multichain did not meet the foundation’s criteria. The report leaves open the possibility for some
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“Kubernetes allows you to program how you want to deploy your application in the Web2 world. Like what are the regions where it needs to be deployed? What are the application servers? What are the databases behind it?” Gorbunov explained. “Similarly, using the [Axelar] virtual machine, we can let [Web3]
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Fantom (FTM) has been one of the best-performing tokens of 2023, pulling off a series of impressive gains in the last few weeks. Following the market crash in late 2022, FTM began the new year trading as low as $0.2007, representing a 94.19% decline from its all-time high value of
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The proof-of-stake (PoS) blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 blockchain investors.Dubbed Axelar Ecosystem Startup Funding Program, the initiative was designed to foster
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The Axelar/Polygon partnership “enables complex operations – for example, cross-chain borrow-lend, using NFTs as collateral,” said Parth Pathak, general manager of supernets at Polygon, in a statement to CoinDesk, referring to non-fungible tokens. Original Source
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Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cryptox's business editor Sam Bourgi on Sept. 28
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