Axelar AXL Is CRUCIAL For This $500 BILLION Market

Investment Thesis - Axel is considered a top-tier project with potential for significant growth, possibly a 10x increase, driven by its technology and partnerships [1][2][9] - The project is currently undervalued, with the market capitalization not reflecting the positive developments and integrations [21][22][36] - The current chart pattern suggests a potential breakout, with targets at $0.78, $1 to $1.13, and $2.73 [6][7] Market Position and Integrations - Axel is enabling DeFi use cases on major networks, including Hyperlid, XRP Ledger, and Base [11][15][18] - Integrations with Hyperlid (market cap of $14.8 billion) connect to 80+ chains, Strobe Finance brings DeFi to XRP Ledger, and Stables Labs integrates with Base [10][11][15][18] - Axel's technology facilitates cross-chain interoperability, enabling seamless transfers and use cases for stablecoins [34][31][32] Network Growth and Activity - In July, Axel's interchain token service facilitated $220 million in interchain transfers, surpassing the previous high of $185 million in June 2024 [20][22] - Over $12 billion has been securely transferred between blockchains using Axel [23] - The total value locked (TVL) is $1.29 billion, with a fully diluted value of $440 million, and the volume in the last 30 days is over $241 million [24] Stablecoin Adoption - Axel is positioning itself as a high-speed router for stablecoins, which are becoming increasingly important for DeFi volume [28][29] - The platform enables cross-chain movement of stablecoins like ROUSD from Ethereum to the XRP Ledger [32]