Latest news with #Axelar
Associated Press
13-06-2025
- Business
- Associated Press
OpenZeppelin and Axelar Introduce OpenBridge, Composable Crosschain Security for Onchain Applications
BERLIN--(BUSINESS WIRE)--Jun 13, 2025-- OpenZeppelin, the most trusted provider of open source standards for building secure blockchain applications, and Interop Labs, the initial developer of Axelar, a leading web3 interoperability platform, announced today the launch of OpenBridge, an open source framework for developers to integrate multiple interoperability protocols in a single message. OpenBridge is built on the ERC-7786 crosschain messaging standard, recently endorsed by the Ethereum Foundation's Interoperability Working Group. With OpenBridge, an application can combine multiple interoperability protocols in a single multichain transaction, requiring verification from some or all of them before the transaction is approved. This configuration, sometimes called x of y of n, can be used to enhance security for high-value transactions. OpenZeppelin and Interop Labs announced OpenBridge ahead of ZuBerlin, an Ethereum developer conference that will gather industry leaders, founders, and researchers working on crosschain interoperability. 'This is about giving developers composability in cross-chain, without putting any proprietary code, externally owned accounts or venture-backed middlemen in between,'said Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar protocol.'Most importantly, OpenBridge is open source, just like the ERC-7786 standard it is built upon.' ERC-7786 provides a standard application programming interface (API) for crosschain messaging, eliminating vendor lock-in by allowing developers to switch providers or expand coverage without rewriting application logic. It has been designed to integrate with any protocol or bridge (supporting ERC-7786 natively or through gateway adapters). At present, Axelar and Wormhole connections are enabled using adapters. Working on a similar concept to a multi-signature wallet, OpenBridge sends messages through multiple ERC-7786-compliant bridges and requires multiple confirmations before delivery. For example, OpenBridge would enable a DeFi protocol to set an added layer of security for high-value loans, requiring 2-out-of-3 interoperability protocols to confirm collateral before issuing a crosschain Solidity libraries, and reference implementations for ERC-7786 and OpenBridge are now available View source version on CONTACT: Media Contact Karla Vilhelem, PR Director, MarketWaves [email protected] (754) 215-4315 KEYWORD: GERMANY EUROPE INDUSTRY KEYWORD: BLOCKCHAIN SOFTWARE CRYPTOCURRENCY WEB3 PROFESSIONAL SERVICES TECHNOLOGY APPS/APPLICATIONS FINTECH SOURCE: Axelar Copyright Business Wire 2025. PUB: 06/13/2025 12:30 PM/DISC: 06/13/2025 12:28 PM
Business Wire
13-06-2025
- Business
- Business Wire
OpenZeppelin and Axelar Introduce OpenBridge, Composable Crosschain Security for Onchain Applications
BERLIN--(BUSINESS WIRE)-- OpenZeppelin, the most trusted provider of open source standards for building secure blockchain applications, and Interop Labs, the initial developer of Axelar, a leading web3 interoperability platform, announced today the launch of OpenBridge, an open source framework for developers to integrate multiple interoperability protocols in a single message. OpenBridge is built on the ERC-7786 crosschain messaging standard, recently endorsed by the Ethereum Foundation's Interoperability Working Group. With OpenBridge, an application can combine multiple interoperability protocols in a single multichain transaction, requiring verification from some or all of them before the transaction is approved. This configuration, sometimes called x of y of n, can be used to enhance security for high-value transactions. OpenZeppelin and Interop Labs announced OpenBridge ahead of ZuBerlin, an Ethereum developer conference that will gather industry leaders, founders, and researchers working on crosschain interoperability. ' This is about giving developers composability in cross-chain, without putting any proprietary code, externally owned accounts or venture-backed middlemen in between, ' said Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar protocol. ' Most importantly, OpenBridge is open source, just like the ERC-7786 standard it is built upon. ' ERC-7786 provides a standard application programming interface (API) for crosschain messaging, eliminating vendor lock-in by allowing developers to switch providers or expand coverage without rewriting application logic. It has been designed to integrate with any protocol or bridge (supporting ERC-7786 natively or through gateway adapters). At present, Axelar and Wormhole connections are enabled using adapters. Working on a similar concept to a multi-signature wallet, OpenBridge sends messages through multiple ERC-7786-compliant bridges and requires multiple confirmations before delivery. For example, OpenBridge would enable a DeFi protocol to set an added layer of security for high-value loans, requiring 2-out-of-3 interoperability protocols to confirm collateral before issuing a crosschain loan. 'Our goal is to make secure multichain development as intuitive as developing for a single chain. By building OpenBridge on the ERC-7786 standard, we're giving developers a composable, open source framework that lets them easily utilize multiple bridges at once for maximum security and reliability, while also ensuring that any bridge can be added via an ERC-7786 adapter,' said Jonathan Alexander, CTO of OpenZeppelin. Documentation, Solidity libraries, and reference implementations for ERC-7786 and OpenBridge are now available at About Axelar Axelar is a decentralized network and development platform securely connecting the world's blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3—critical for the next wave of institutional-grade use cases. Learn more at About Interop Labs Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Learn more at About OpenZeppelin Founded in 2015, OpenZeppelin is dedicated to accelerating and protecting the open economy through secure and reliable blockchain infrastructure. Our widely-used OpenZeppelin Contracts Library has secured over $25 Trillion in Total value transferred, and our open source infrastructure tools like Relayers and Monitorstreamline and safeguard onchain applications. Trusted by top projects globally, OpenZeppelin is your partner in building a safe and interoperable decentralized future. Learn more at:
Business Wire
10-06-2025
- Business
- Business Wire
Upbit Lists Axelar's AXL Token in AXL/KRW Trading Pair
SEOUL, South Korea--(BUSINESS WIRE)--Upbit, a South Korean cryptocurrency exchange, announced the listing of AXL, the native token of Axelar Network, in an AXL/KRW trading pair, effective June 10, 2025. The listing is detailed in Upbit's official notice. In its opening hours, the AXL-KRW pair recorded trading volume of over $220 million, ranking as the third largest trading pair on Upbit by 24-hour volume, surpassing BTC/KRW and XRP/KRW pairs, per CoinGecko data. The AXL token supports Axelar's blockchain interoperability network, facilitating cross-chain communication and asset transfers. AXL is used for transaction fees and governance within the network, enabling developers to build applications that connect multiple blockchain ecosystems. About Axelar Axelar is a decentralized network and development platform securely connecting the world's blockchains and financial infrastructure. Its secure, programmable multichain product stack enables seamless interoperability across Web3—critical for the next wave of institutional-grade use cases. With backing from top-tier investors including Dragonfly, Polychain, Binance Labs and Coinbase Ventures, Axelar is enabling the next generation of financial infrastructure: from multichain stablecoins to tokenized real-world assets (RWAs), built with security, compliance and enterprise scale in mind. Learn more at About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized interoperability platform securely connecting the world's blockchains and financial infrastructure.. Learn more at
Business Wire
08-05-2025
- Business
- Business Wire
Sui Integrates Axelar to Unleash Limitless Scale for Next-Generation Asset Issuers
NEW YORK--(BUSINESS WIRE)-- Axelar today advances global blockchain interoperability with the mainnet integration of Sui, the blockchain built for mass adoption, to advance their shared vision of empowering asset issuers to deliver seamless UX at limitless scale. The integration comes as DeFi surges on Sui, with more than 1.4M daily active wallets powering over $11B in DEX volume over the last 30 days alone. Sui's connection via Axelar unlocks interoperability across all of crypto. Tapping into Sui's high-performance infrastructure and growing liquidity is now as simple as deploying a single smart contract on Axelar's Interchain Token Service (ITS). This is what we mean when we say, "one connection; limitless possibilities." TLDR Axelar's development stack includes toolsets like Interchain Token Service (ITS) that keep UX seamless across multiple blockchains with secure multichain tokenization. Sui has transformed UX so that users interact with apps, not chains – and set records in throughput, delivering sub-second finality via its innovative parallel processing consensus mechanism. "Axelar enables asset issuers to leverage Sui's industry-defining UX and scale to everyone across crypto," said Christian Thompson, managing director of the Sui Foundation."Both Sui and Axelar have built groundbreaking scalability solutions while maintaining best-in-class security, and I'm excited to see what this integration will unlock for developers." Chain abstraction = 'Web2' UX + institutional adoption Internet users are accustomed to application experiences that abstract away multiple layers of infrastructure. Contrast that against the multichain era of Web3 today, where users themselves may be asked to stitch together bridges, wallets and gas tokens just to use an app. Empowering asset issuers to overcome this fragmentation is the core capability of Axelar's Interchain Token Service (ITS). Axelar and Sui share a worldview in which these barriers can be broken down and users can interact with applications, not chains. Here's a real-world example showing how financial institutions can now build compliant products that connect liquidity and access across multiple blockchains via Axelar ITS: Using Interchain Amplifier, they connect private and compliant new blockchains and communities as easily as deploying a smart contract. Using Interchain Token Service (ITS), they can mint tokenized assets as-native across these chains, preserving the same fungibility and functionality everywhere. With Sui and Axelar integrated, these institutions now have unlimited scalability at their disposal, combined with built-in compliance and audit capabilities, institutional-grade security, and simple UX features like Sui's zkLogin for onboarding. Institutions can add these innovative capabilities without creating user hurdles for their clients. "Axelar introduces faster connections for everyone from financial institutions to consensus innovators like Sui," said Georgios Vlachos, director at Axelar Foundation and co-founder of Axelar protocol. "Sui has made huge strides with institutions like Franklin Templeton, VanEck and Grayscale; Axelar has provided institutional-grade secure connectivity for Deutsche Bank and J.P. Morgan's Kinexys. These institutions recognize the power of interoperability to enable compliant solutions at the full scale of Web3 liquidity and accessibility." Scalability = next-generation consensus + universal interoperability With Sui and Axelar connected, industry-leading performance meets universal connectivity – and it's only possible via Axelar. Sui's proven sub-second finality has broken records for blockchain throughput. It's based on Sui's Mysticeti protocol powered by Bullshark, a novel decentralized acyclic graph (DAG) consensus mechanism, and Narwhal, a high-throughput mempool and consensus engine. Without Axelar, protocol-level innovations like these can end up in silos, unavailable to the broader crypto ecosystem. Axelar abstracts the complexity of connecting advanced consensus mechanisms and issuing assets that are natively multichain, enabling integration via a simple smart contract. Sui + Axelar = market impact and future vision The mainnet integration of Sui and Axelar is a call to developers to build new applications Web3 has never seen before. Several of them are already planning and building multichain layers into their dApps – including Aftermath and Bluefin, two of the largest DEXs on Sui. 'Sui's protocol-level capabilities have enabled Aftermath to deliver things that wouldn't be possible anywhere else – like near-zero slippage, best-execution and a CEX-like user experience built fully on-chain,' said Aftermath Finance co-founder and CTO Kevin Nelson. ' We've been looking forward to the Axelar connection, which will enable Aftermath to expand these innovations to every asset in Web3, reaching DeFi users everywhere.' 'Our North Star at Bluefin is to deliver an on-chain trading user experience that can compete with that of Binance. Sui makes this possible,' said Bluefin co-founder Rabeel Jawaid. 'Axelar not only supports seamless bridging and onboarding, it will also enable Bluefin to connect liquidity cross-chain, accelerating our path to making on-chain a zero-tradeoff proposition for both retail and institutional users.' With Sui connected to the broader crypto ecosystem via Axelar, asset issuers and developers enjoy: A unified API for accessing all major blockchain networks. A developer suite that includes Interchain Token Service for rapid multichain tokenization. Easy connection of new blockchains via Interchain Amplifier. Axelar connectivity doesn't stop with Sui. Axelar is accelerating connectivity to a list of major blockchains that includes Monad, Solana, TON, XRP Ledger, and dozens of L2s and application-specific blockchains, and these integrations have the power to bring greater liquidity to the Sui blockchain. Get started building today and see how fast you can build the future of Web3 with Axelar and Sui: About Axelar Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) that has crossed $1 billion. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: About Axelar Foundation Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems. Learn more at
Business Mayor
23-04-2025
- Business
- Business Mayor
Filecoin to Be Integrated With Axelar
Filecoin and Axelar Network are collaborating to enable cross-chain storage and liquidity for the Filecoin Virtual Machine. Developers will be able to store, verify, and fund data on Filecoin from any connected chain using Axelar's General Message Passing. FIL Info Filecoin FILUSD is a decentralized storage system that aims to 'store humanity's most important information'. The project raised significant funds via an initial coin offering (ICO) in 2017. Filecoin is the digital token that is used as payment for storage or retrieval of data within the network. The network uses a unique proof-of-storage system where miners earn more by sharing more storage, and the data they store is constantly verified to ensure its correctness. Filecoin competes with centralized storage systems such as Amazon S3, and allows individuals to monetize their spare storage space on the network. READ SOURCE
