Sui is at the peak of DeFi, with strong DEX trading volume and user activity, and has officially connected to the cross-chain interoperability network Axelar. Through this integration, asset issuers can achieve cross-chain tokenization on the Layer-1 network Sui in a safer and simpler way, opening up the entire chain ecosystem.
Axelar has announced the completion of its integration with the Sui mainnet, further promoting global blockchain interoperability development. As a high-performance chain built for large-scale applications, Sui is working with Axelar to provide asset issuers a smoother, more scalable deployment environment, making cross-chain operations easier and more efficient.
This integration comes at a time of heightened DeFi activity on the Sui chain: in the past 30 days, over 1.4 million daily active wallets facilitated over $11 billion in DEX trading volume. Now, developers and project parties only need to deploy a smart contract within Axelar's cross-chain token services to quickly access the Sui network and enjoy the benefits of its growing liquidity and infrastructure.
In summary: "Connect once, access the entire chain, unleash infinite possibilities."
TLDR
· Axelar's developer toolkit includes features like cross-chain token services (ITS) to ensure users have a smooth and seamless experience across multiple blockchains while providing secure and reliable cross-chain tokenization solutions.
· Sui optimizes user experience through its innovative parallel processing consensus mechanism, allowing users to interact more with applications rather than dealing with the blockchain, achieving new throughput highs and sub-second finality.
Christian Thompson, Managing Director of the Sui Foundation, stated: "Axelar's technology allows asset issuers to fully leverage Sui’s industry-leading user experience and scalability, expanding into the entire crypto ecosystem. Sui and Axelar provide groundbreaking scalability solutions while ensuring top-notch security; I look forward to this integration bringing more innovation to developers."
Chain abstraction = 'Web2'-style user experience + Enterprise adoption
Internet users are accustomed to the seamless experience of applications, which abstract the underlying infrastructure. In contrast, in today's Web3 multi-chain era, users often need to manually piece together bridges, wallets, and Gas tokens to smoothly use an application.
Axelar's cross-chain token services (ITS) are designed to solve this problem, helping asset issuers overcome fragmentation challenges. Axelar and Sui are committed to breaking down these barriers, allowing users to interact more with applications instead of focusing on the underlying blockchain technology.
Here is a real-world case showing how financial institutions can use Axelar ITS to build compliant products that connect liquidity and access across different blockchains:
1. Through inter-chain amplifiers, institutions can easily connect to private and compliant new blockchains and communities just like deploying smart contracts.
2. Through cross-chain token services (ITS), they can natively mint tokenized assets on these chains, maintaining consistent interchangeability and functionality.
With the integration of Sui and Axelar, institutions now have unlimited scalability, combining built-in compliance and audit functions, enterprise-grade security, and simple user experience features (e.g., Sui's zkLogin, which helps guide users through registration). Institutions can add these innovative features while avoiding complex usage barriers for customers.
Georgios Vlachos, board member of the Axelar Foundation and co-founder of the Axelar Protocol, stated: "Axelar provides faster connections for financial institutions and consensus innovators like Sui. Sui has made significant progress with institutions like Franklin Templeton, VanEck, and Grayscale; Axelar provides enterprise-grade secure connections for Deutsche Bank and JPMorgan's Kinexys. These institutions have recognized the powerful capabilities of interoperability and can provide compliant solutions at the liquidity and accessibility level in Web3."
Scalability = Next-Generation Consensus + Universal Interoperability
With the connection between Sui and Axelar, industry-leading performance and universal connectivity are finally merged—this can only be achieved through Axelar. Sui achieves sub-second finality and breaks blockchain throughput records through its Mysticeti protocol (powered by Bullshark, using a novel decentralized acyclic graph (DAG) consensus mechanism) and Narwhal (high-throughput memory pool and consensus engine).
Without Axelar, protocol-level innovations like these could end up in silos, unable to integrate fully into the broader crypto ecosystem. Axelar simplifies smart contracts and abstracts the complexity of connecting advanced consensus mechanisms and issuing native cross-chain assets, making it all more achievable.
Sui + Axelar = Market Impact and Future Vision
The mainnet integration of Sui with Axelar calls on developers to build unprecedented new applications in the Web3 era. Some developers have already begun planning and building the cross-chain layer of their dApps, including Sui's two largest, Aftermath and Bluefin.
Kevin Nelson, co-founder and CTO of Aftermath Finance, stated: "Sui’s protocol-level features enable Aftermath to provide capabilities that are not achievable elsewhere—such as nearly zero slippage, optimal execution, and a fully on-chain built CEX-like user experience. We have been looking forward to Axelar's connection, which will allow Aftermath to extend these innovations to every asset in Web3, reaching all DeFi users."
Rabeel Jawaid, co-founder of Bluefin, stated: "At Bluefin, our goal is to provide an on-chain trading experience comparable to Binance. Sui makes this goal possible. Axelar not only supports seamless bridging and user onboarding but will also help Bluefin connect cross-chain liquidity, accelerating our process of providing zero-compromise on-chain trading pairs for retail and institutional users."
By connecting with the broader crypto ecosystem through Axelar, Sui provides asset issuers and developers with:
· Unified API to access all major blockchain networks.
· Developer kits that include cross-chain token services, supporting rapid cross-chain tokenization.
· Easily connect to new blockchains through cross-chain amplifiers.
Axelar's connections are not limited to Sui. Axelar is accelerating connections with Monad, Solana, TON, XRP Ledger, and dozens of L2 and application-specific blockchains, which have the potential to bring greater liquidity to the Sui blockchain.
Start building now and experience the speed of building the Web3 future through Axelar and Sui:
· Deploy your tokens across multiple chains through the Axelar ITS network: docs.axelar.dev
· Apply to whitelist your tokens on Squid Router: docs.squidrouter.com
· Explore Sui documentation: docs.sui.io
About Axelar
Axelar is a Web3 interoperability platform that provides the shortest path to scalability: an open stack that connects all blockchains. Adopters include Uniswap, Microsoft, and dozens of native cross-chain startups, with a total locked value exceeding $1 billion. Axelar supports a first-class developer stack built on an open, scalable, and secure cross-chain layer. Supporters include Binance, Coinbase, Dragonfly, Galaxy, and Polychain. Learn more: axelar.network.
About the Axelar Foundation
The Axelar Foundation is a non-profit organization dedicated to supporting the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform connecting multiple blockchain ecosystems.
Contact
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Karla Vilhelem, PR Director at MarketWaves
(754) 215-4315
This article comes from submissions and does not represent the views of BlockBeats.
