Axelar Network, a popular Web3 interoperability entity, has made significant progress during 2024. With landmark innovations and remarkable growth metrics, Axelar Network is starting 2025 as a notable year in terms of blockchain integration and expansion. The platform disclosed the details of its achievements and the future roadmap for further advancement in decentralized interoperability.
Axelar Network’s Sees Enormous Growth in 2024
Axelar Network brought to the front that the exponential growth included several key metrics. In this respect, the transfer count doubled from 0.84M to 1.67M. Additionally, active users also increased from 35,046 to nearly 60,093, indicating a huge 71% spike. Apart from that, the platform also saw a 50% growth in transaction volume that touched $3.1B. Interestingly, the Interchain Token Service of Axelar substantially contributed to activity.
Moreover, eighty-eight engineers fueled the Interchain Amplifier’s development. The respective tool focuses on supercharging latest chain integrations during 2025. In addition to this, the interoperability solutions of Axelar successfully attracted top institutional players. Hence, Deutsche Bank introduced a pilot Ethereum L2 project while leveraging Axelar’s interoperability layer. Additionally, Mastercard and Citi partnered to boost real-world asset interoperability.
Starting 2025 with New-Chain Integrations, Tokenomics Overhaul, and Amplified Security
Keeping this in view, Axelar intends to make a big leap this year with cutting-edge initiatives. These endeavors include expedited new-chain integrations, enhanced security, improved application-layer protocols, and an upgrade to tokenomics. As a part of this roadmap, the platform is introducing the Interchain Amplifier. It promises to accelerate the link between the blockchains such as XRP Ledger, TON, Sui, Solana, and Bitcoin. These integrations focus on permitting Axelar to outperform competitors and establish an inclusive interoperable platform.
According to Axelar Network, it also provides improved application-layer protocols, letting developers adopt protocols such as ITS. This also enables rapid-finality transfers through Squid Router. Furthermore, for amplified security, Axelar integrates with Eigenlayer ($ETH) and Babylon ($BTC) with modifiable collateral, guaranteeing secure and resilient cross-chain connections.
Along with that, its non-inflationary approach toward chain integrations promises an increased utility of $AXL (the native token of Axelar). Thus, proposed changes, which are subject to governance authorization, take into account burning transfer fees rather than disseminating them among token holders.
