Axelar ($AXL) Stages Comeback Bid After Brutal 85% Plunge—Institutions Jump In
Blood in the streets? Not for long. Axelar’s native token $AXL—left for dead after an 85% nosedive—is attracting deep-pocketed backers betting on a turnaround. The interoperability protocol’s tech stack, designed to bridge fragmented blockchains, might finally get its moment as cross-chain demand heats up.
Wall Street’s crypto tourists smell opportunity. After months of treating altcoins like radioactive waste, institutional flows are creeping into $AXL wallets. Whether this marks a genuine revival or just another dead-cat bounce remains to be seen—but when suits start buying, retail FOMO usually follows.
Just don’t mention the ’I’ word (infrastructure) unless you want to trigger PTSD from 2021’s overfunded zombie chains. This time it’s different... probably.
Axelar price chart / Source: CoinGecko
Founded by Sergey Gorbunov and Georgios Vlachos in 2021, Axelar is a Web3 interoperability protocol designed to simplify cross-chain communication and logic execution for developers.
Its mainnet launched in February 2022, followed by the debut of its General Message Passing (GMP) protocol in May of the same year.
Liquidity Flows Into Axelar But Rarely Stays
The $AXL token initially gained momentum, rising from around $0.85 in 2022 to a peak of $2.66.
However, it has since shed over 85% of its value from its 2024 high, reflecting broader market volatility and a decline in user activity.
According to Token Terminal data, the total value locked (TVL) on Axelar has dropped to $71.9 million, down sharply from its May 2024 peak of $168 million.
This decline can be attributed to Axelar’s utility as a routing protocol—assets frequently pass through the network rather than remaining locked within it.
In the past year, the total value of assets bridged across Axelar has amounted to just under $192 million.
Despite these figures, Axelar continues to attract key partnerships and industry confidence.
In 2023, Axelar teamed up with ONDO Finance to launch the Ondo Bridge, a cross-chain solution that now supports over $8 billion in fully diluted assets.
Ripple also joined forces with the Axelar Foundation in March 2024 to integrate Axelar’s GMP protocol into the XRP Ledger (XRPL), enhancing interoperability for tokenized real-world assets (RWAs) across more than 55 blockchains.
Axelar is ready for global tokenization with @Ripple https://t.co/vKS06gsYjv
— Axelar Network (@axelar) April 7, 2025Mobius Stack Marks a Turning Point in Axelar’s Web3 Interoperability
Further solidifying its role in cross-chain infrastructure, Axelar launched the Mobius Development Stack (MDS) on its mainnet in October 2024.
Regarded as the first comprehensive interoperability platform, MDS bridges private chain environments with public Layer-1 networks such as Solana, Stellar, and Sui.
Axelar in April: Building the backbone of Interchain Web3
While the market continues to drift, @axelar is quietly doing what few in crypto do well: delivering infrastructure that works.
April brought serious upgrades, integrations, and a clear signal: Axelar isn’t just a… pic.twitter.com/tKG8xhEzl7
This upgrade has also positioned Axelar as the first institutional-grade interoperability layer to integrate with Babylon and EigenLayer, providing secure cross-chain functionality among Bitcoin, Ethereum, and other chains.
Technical Resistance Ahead: Can $AXL Push Past $1?
Axelar has broken out of the descending channel that has confined its price since early 2025.
This week’s green candle shows a clear breakout from that channel, closing around $0.3791 with a gain of approximately 6.9%.
The breakout candle is a bullish engulfing pattern on the weekly chart, which indicates a potential trend reversal. It engulfs the previous red candle, showing buyers are gaining control.
The price bounced from the key support area around $0.3178, which it has held multiple times in the past. If this level continues to hold, it confirms a solid base.
The next key resistance is around $1.0421.
$AXL – 1D chart
After 5 months of slow bleed, AXL has finally flipped.
Breakout → First resistance in sight → Expansion phase unlocked.
This is the kind of move that reshapes narratives.
$1.00 zone isn’t just a target. It’s destiny
pic.twitter.com/R1a5c7VuDV
This level acted as major support before and could now serve as resistance.
A break above that would open the way to the $2.20 zone, where previous highs were reached.
If the price fails to hold above $0.3178, the breakout could turn into a fakeout and return the price to its downtrend.
