Axelar Teases Major Announcement For October 3

According to BlockBeats, on September 28, the cross-chain interoperability network Axelar (AXL) released a video on social media with the caption 'Beyond What You Can Imagine. October 3, 2024.' This suggests that a significant project update will be announced on October 3. Community speculation indicates that the upcoming announcement may be related to the Axelar Interchain Amplifier. This feature seamlessly connects a wide range of blockchain consensus engines and traditional off-chain systems, significantly reducing development costs. It automates the connection of any type of blockchain, with new cross-chain connections made public through smart contracts rather than at the protocol layer. Previously, on May 6, BlockBeats reported that Axelar announced plans to interconnect Bitcoin, Hedera, and the Polkadot ecosystem. The Bitcoin L2 network Stacks, the open-source proof-of-stake blockchain Hedera, Moonriver Network, and the privacy network Iron Fish will be part of the first phase of the Axelar Interchain Amplifier pilot program, enabling programmable interoperability with a single click. As of the time of writing, AXL is trading at $0.7024, with a 27.69% increase over the past seven days.