<p>Odaily News The Axelar Foundation disclosed that it had completed a token sale worth $30 million, with several investors including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital and Wagmi Ventures participating in the purchase. It is reported that the Axelar Foundation plans to expand the use of the US dollar through stablecoins and support the institutional tokenization of real-world assets (RWA) through its interoperability protocol. (Theblock)<br/></p>

<p>Odaily News According to official news, the Axelar Foundation announced today that it has appointed Brian Brooks to its newly formed Institutional Advisory Board. Brian Brooks is the former Acting Comptroller of the Currency and a leader in promoting regulatory clarity and institutional adoption of blockchain technology. The Axelar Foundation is a non-profit organization established to support the development and adoption of the Axelar Network, a decentralized blockchain interoperability platform.<br/></p>

<p>Odaily News Arkham monitoring shows that the DWF Labs address transferred 2.5 million AXL, equivalent to approximately US$1.11 million, to the address marked by Arkham as &quot;suspected Axelar Network&quot; two days ago.</p><p> Based on the transfer records, it is speculated that the two parties may have ended the market-making cooperation plan. The actual situation needs to wait for updates from the DWF Labs and Axelar Network teams.</p>

<p>Odaily News The Axelar token destruction page is online. Since the network upgrade was completed on February 21, more than 90,000 AXL tokens have been destroyed in the past five days. The current inflation rate is 4.8%.<br/> The Axelar Cobalt upgrade strengthens the AXL token economic model, ensuring that 98% of AXL transaction fees for new cross-chain interoperable connections are destroyed, and the remaining 2% is transferred to the community fund pool. New blockchains are connected through the Interchain Amplifier, which is part of Axelar&#39;s Mobius Development Stack (MDS), and security is provided by AXL staking in the validator reward pool. The reward pool supports new connections without inflation incentives.<br/></p>

<p>Odaily News FOX Business reporter Eleanor Terrett shared in a post that Canary Capital launched the AXL (Axelar) Trust Fund, Canary AXL Trust, which will include the native token of the Axelar network and is the first investment trust to provide universal blockchain interoperability protocol investment.<br/> - Axelar Protocol has become a leading cross-chain protocol and is working closely with Ripple to support interoperability of its stablecoin RLUSD.<br/> - Axelar acts as a bridge between the XRP Ledger and the XRP Ledger EVM (Ethereum-compatible network).<br/> - The Trust will provide institutional investors with exposure to blockchain interconnected technologies, connecting the Web3 ecosystem such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana and Bitcoin.</p>

<p>Odaily News Secured Finance announced a strategic partnership with Axelar, a cross-chain interoperability platform, and Squid, a cross-chain exchange protocol, to jointly enhance the liquidity of the Filecoin ecosystem and welcome the FIL-collateralized stablecoin USDFC, which is scheduled to be launched on the mainnet in March 2025. The partnership aims to enhance the cross-chain exchange capabilities of the Filecoin Virtual Machine (FVM) and enable seamless transfer of assets between FVM and other mainstream blockchains such as Ethereum, Cosmos, and Avalanche.<br/> Axelar provides secure cross-chain interoperability support, while Squid is based on Axelar infrastructure to provide users with a &quot;one-step&quot; cross-chain exchange experience. By integrating these technologies, Secured Finance will lower the threshold for users to enter and exit FVM, improve liquidity and accelerate the popularity of USDFC. The launch of USDFC will provide a stable and secure on-chain transaction medium for the Filecoin ecosystem, further promoting the growth of FVM&#39;s DeFi ecosystem.<br/> In addition, Secured Finance will launch a task-based reward activity on the Galxe platform to encourage users to participate in cross-chain bridging. In the future, Secured Finance also plans to deploy liquidity pools on platforms such as Sushiswap and Uniswap, continue to expand cross-chain functions, and help the development of the Filecoin ecosystem.<br/></p>

Odaily星球日报讯 稳定币发行协议 usdx.money 宣布集成 Axelar 的跨链代币服务（ITS），USDX 及其收益型代币 sUSDX 已原生部署在 3 条链上： Arbitrum、BNB Chain 和以太坊。USDX 是与 1 美元挂钩的 delta 中性稳定币，sUSDX 是一种收益型代币，通过将 USDX 质押到智能合约中以赚取来自 CEX 的基础交易收益而生成。 Axelar 的跨链代币服务（ITS）使 USDX 和 sUSDX 等代币能够存在于更多个区块链上。现有 6 亿美元的 TVL， USDX 有望使用 Axelar 的技术在多条链上实现更进一步的增长。

<p>Odaily News Layer 1 network developer Pod has completed a $10 million seed round of financing, which was co-led by A16z Crypto Startup Accelerator (a16z CSX) and 1kx, with participation from Flashbots, Blockchain Builders Fund and Protagonist. Angel investors include Nick White of Celestia, David Tse of Babylon, Sergey Gorbunov of Axelar, Waikit Lau of Lau Ventures and Apostolos Apostolaki of VentureFriends.<br/> It is reported that the new funds will be used to build a &quot;consensus-free&quot; Layer 1 network with the goal of achieving transaction speeds as fast as Google searches.<br/></p>

<p>Odaily News Meme coin Launchpad Printr announced the completion of US$2.5 million in financing, with participation from Sfermion, Draper Dragon, Bitscale, Hermenutic, Sui Foundation, Axelar Foundation and Flow Foundation. Printr allows users to launch Memecoin on many blockchains such as Ethereum, Solana, Sui, BNB and Base.</p>

<p>Odaily星球日报讯&nbsp;以太坊预确认协议 Interstate 宣布已获得桥接协议 Axelar 首席执行官 Sergey Gorbunov 战略投资，具体金额和估值信息暂未披露，新资金拟支持其构建预确认网络，推动减少以太坊链上交易确认时间。<br/></p>