Axelar Foundation, a nonprofit established to support the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform that connects multiple blockchain ecosystems, disclosed new strategic investments into the AXL token, which exceeded $30M.
A number of crypto investment funds participated, including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C^2 Ventures, Plassa Capital, Wagmi Ventures, among others. They joined Binance Ventures, Coinbase Ventures, Dragonfly Capital, Galaxy Ventures and Polychain Capital.
A portion of these investments involved purchases of unlocked AXL tokens from Axelar Foundation’s ecosystem allocation. These tokens are subject to new lockups ranging from six to 12 months. The amount of tokens sold out of the ecosystem fund has not been disclosed.
The AXL token provides protocol-level utility that scales with the demand for interop. New blockchain connections accumulate AXL in reward pools to incentivize Verifiers that secure interchain messages. Axelar Network itself is a blockchain, which enables rich, permissionless tooling for developers using Axelar’s Mobius Development Stack (MDS) to connect and tokenize across all blockchains.
Axelar is a Web3 interoperability platform, delivering 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 developer stack on a cross-chain layer that is open, scalable and secure.
FinSMEs
12/03/2025