Axelar’s Interop Labs Joins Linux Foundation Initiative

March 18, 2025

Linux Foundation Partnership Boosts Axelar’s Industry Role

The Linux Foundation Decentralized Trust initiative aims to foster open-source blockchain development. Interop Labs, the initial development team of Axelar, is now part of its leadership, joining industry giants to advance community-driven innovation.

With this collaborative move, Interop Labs unites with Citi, American Express, Chainlink, and Polygon to enhance transparency and security. Daniela Barbosa, Executive Director of LF Decentralized Trust, emphasizes the importance of expanding global technologies.

Axelar’s Interop Labs Joins Linux Foundation Initiative

Axelar’s AXL Token Gains 3.2% Post-Announcement

The immediate market response was a 3.2% increase in Axelar’s AXL token price, reflecting investor confidence. The collaboration is expected to bring interoperability and financial infrastructure expertise to blockchain technology.

Industry players anticipate enhanced security and efficiency in blockchain applications. This strategic partnership with the Linux Foundation aligns with the ongoing push towards a future focused on open-source solutions.

Significance of Axelar’s Recent Strategic Developments

This move follows the Cobalt upgrade by Axelar, which introduced fee-burning and AXL token utility, boosting the token price by 12% last February. Such developments highlight Axelar’s commitment to innovation and growth.

Experts like Sergey Gorbunov note the necessity of open-source approaches in blockchain’s next phase. Analysts predict this alignment with the Linux Foundation will lead to notable advances in blockchain technology.

“Open-source approaches will be essential in the next phase of blockchain development, and the Axelar community has shown a strong commitment to building an open-source stack. We at Interop Labs are proud to support the Linux Foundation and LF Decentralized Trust to advance transparency, reliability, security and efficiency in future iterations of the internet.” — Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar Protocol.

Thane Morrison

Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.