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Axelar launches Cobalt upgrade, implementing 98% fee burn Blockchain interoperability protocol Axelar $AXL announced on X that it has completed its v1.2.1 Cobalt upgrade, introducing a governance-approved burn mechanism that removes 98% of gas fees while directing the remaining…

Investment strategies toward Axelar have strengthened since Canary Capital launched its Canary AXL Trust product. Through this investment product and the native token for Axelar, AXL, institutions can access institutional-quality positions in the digital asset sector. Canary Capital began investing with the Canary AXL Trust, demonstrating blockchain interoperability’s increasing value in the market. The trust’s need for cryptocurrency storage safety and transactional efficiency has led Coinbase to be chosen as its custodial service provider. As a top interoperability solution provider, Axelar enables easy communication between more than 80 blockchain networks. Its technical functionality makes Axelar an essential and fundamental component that delivers Web3 connectivity to the marketplace. Axelar’s technology continues to gain popularity across the entire crypto industry. The platform has formed alliances with XRP Ledger (XRPL) and Sui, as well as Stellar and TON and Bitcoin and Hedera blockchain networks. By uniting more than 80 different networks, the platform has improved its capabilities for facilitating blockchain interoperability. The increasing utilization of Axelar solutions resulted in total value locked (TVL) rising beyond $1 billion during the early part of this year. Companies such as Deutsche Bank, Microsoft, and JP Morgan joined institutional investments to capitalize on this market expansion. Axelar teamed up with Ripple, which brought significant progress to XRPL’s interoperability capability. By partnering with Ripple , Axelar forms a connection between XRPL and its Ethereum Virtual Machine-based sidechain. Ripple with Peersyst delivers evmOS technology for building the XRPL EVM sidechain that supports other blockchain networks through the Cosmos SDK framework. The new integration opens opportunities for XRPL to offer better-decentralized finance services. Axelar and Ripple operate jointly to advance the connectivity features of RLUSD, the stablecoin that Ripple launched recently. The initiative allows RLUSD to operate between different blockchains and expands its use cases beyond XRP Ledger limits. Rising institutional interest in Axelar , along with essential partnerships and product releases, positions the company as the premier blockchain interoperability service provider. Axelar stands ready to become a crucial force as the market grows for cross-chain solutions.

$CATBOY will go live at 13:00UTC 21 february 2025 on all exchanges. the hype is really unmatched for the first AI connecting NFT on 2 biggest chains combined and a honest community who truly cares and wants the project to go top of the mountains. Recently $CATBOY announced partnership with $AXL and upgraded to new contract thus beggining of new era for catboy. the price may start from 0.05 to 0.1 and go toward 1$ to 2$ in short term volatality so stay tuned and stay updated. $BTC $ETH $BNT $BNB $SOL $DOGE $PI $TRUMP $MELANIA $CLANKER $ACT $VIRTUAL $XPR $XRP $SUNDOG $KAITO $BROCCOLI

$AXL /USDT – Bullish Momentum! Will We See a Breakout? 🔥 📊 Current Price: $0.4994 (+12.28%) 🔥 Key Levels: Support: $0.4800 - $0.4700 – A strong bounce zone for bulls. Resistance: $0.5100 - $0.5290 – A breakout above this could send it flying. 📈 Long Setup (Bullish Play): Entry Zone: $0.4850 - $0.4950 (Buy on slight retracement) Take Profit Targets: TP1: $0.5150 TP2: $0.5300 TP3: $0.5500+ Stop Loss: Below $0.4700 📉 Short Setup (Bearish Play): Entry Zone: $0.5150 - $0.5250 (Short if rejection confirmed) Take Profit Targets: TP1: $0.4950 TP2: $0.4800 TP3: $0.4550 Stop Loss: Above $0.5300 📊 Market Insight: $AXL had an explosive move earlier, pushing past key resistance levels. Bulls are trying to hold above $0.4950, and if momentum continues, we could see a push beyond $0.5300. However, if it struggles at resistance, a short-term pullback may be in play. 💡 Pro Tip: Watch for volume confirmation—if buying pressure increases above $0.5100, this could be the start of another leg up! 🚀🔥 $AXL

Canary Capital launches $AXL Trust for institutional investors Canary Capital has introduced the Canary AXL Trust, offering accredited investors exposure to AXL, the native token of the Axelar Network. This marks the first investment trust focused on blockchain interoperability. The trust aims to capitalize on Axelar’s rapid growth, with the network exceeding $1 billion in total value locked and forming partnerships with Apollo Global Management, Deutsche Bank and J.P. Morgan. Coinbase will serve as the custodian for the trust, which is available exclusively to institutional investors, Businesswire reported.