Axelar launches ‘Interchain Token Service’ to boost asset interoperability

United States News News

Axelar launches ‘Interchain Token Service’ to boost asset interoperability
United States Latest News,United States Headlines
  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Axelar unveiled the Interchain Token Service (ITS), aiming to improve interoperability of tokens across Ethereum-compatible chains.

Decentralized exchange SushiSwap is one of the first adopters of “interchain tokens” enabled by the service.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Blockchain project Axelar has unveiled its Interchain Token Service , a product aimed at enhancing the interoperability of ERC-20 tokens across all Ethereum-compatible chains.

Sushi, a decentralized exchange , is one of the first to adopt the “interchain tokens” via the service. Sushi plans to utilize the ITS to facilitate seamless interaction of its native SUSHI token across multiple chains, its team said. The initial deployment will ensure interoperability of SUSHI across Arbitrum, Ethereum, Optimism, and Polygon, allowing the SushiSwap decentralized exchange to manage its multichain deployments more efficiently through the Axelar network.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Subscription for the Arkham (ARKM) Token Sale on Binance Launchpad Is Now Open | Binance SupportSubscription for the Arkham (ARKM) Token Sale on Binance Launchpad Is Now Open | Binance SupportImportant Notice: To protect users from high volatility when trading commences under Launchpad, we will be trialing an initial price limit mechanism where for the first five minutes of trading the ...
Read more »

BNB Token is Being Heavily Shorted, Perpetual Futures ShowBNB Token is Being Heavily Shorted, Perpetual Futures ShowDeeply negative funding rates in BNB, perpetual futures show traders are leaning bearish on the world's fifth largest cryptocurrency. Reports godbole17.
Read more »

Scam Alert: SHIB Team Did Not Create UNLEASH Token – SHIB Army BewareScam Alert: SHIB Team Did Not Create UNLEASH Token – SHIB Army Beware.susbarium ShibaInu anti-scam account denies $SHIB creating the UNLEASH token, warns the SHIBarmy to watch out. Shibarium
Read more »

Users locked $2.4 billion on Binance to participate in Arkham token public saleUsers locked $2.4 billion on Binance to participate in Arkham token public saleA total of 114,454 participants committed 10.18 million BNB ($2.4 billion) to participate in the Arkham public sale.
Read more »

1INCH Skyrockets 45% Daily, Bitcoin Stagnates Above $30K: Market Watch1INCH Skyrockets 45% Daily, Bitcoin Stagnates Above $30K: Market Watch1inch Network's native token has soared 45% daily and 90% weekly.
Read more »

Shiba Inu (SHIB) Saw Mindblowing 5.2 Trillion Series of TransacionsShiba Inu (SHIB) Saw Mindblowing 5.2 Trillion Series of TransacionsSHIB saw massive surge in whale transactions, with 5.2 trillion being moved for no particular reason whatsoever
Read more »



Render Time: 2025-03-10 04:04:59