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Posted: 2025-06-02 15:32:31 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-06-02 15:33:02 UTC
Verified By
Rollup News
Axelar's Interchain Token Service (ITS) enables deploying a token once and having it appear on 77 chains, facilitating native liquidity flow, including to non-EVMs like Solana. ITS accounts for over 88% of Axelar's $1B TVL by simplifying cross-chain tokenization with a unified contract and liquidity. Axelar is also contributing to Bitcoin liquidity on Osmosis and integrating with Sui for high-performance infrastructure.
ITS enables tokens to appear on 77 chains from a single deployment.
ITS accounts for over 88% of Axelar's $1B TVL.
Axelar is building Bitcoin liquidity on Osmosis.
Integration with Sui boosts liquidity via single smart contract deployment.
Traditional bridges use lock-and-mint token mechanisms, which can be less efficient than ITS.
Untapped TVL in non-EVM networks needs better integration.