Axelar has integrated with the Sui mainnet, unlocking infinite liquidity for Sui chain assets and applications
According to BlockBeats, on May 8, the Sui mainnet has officially achieved interoperability through the cross-chain interoperability network Axelar (AXL). Asset issuers can seamlessly deploy native assets to the Sui network using Axelar's secure cross-chain token service (Interchain Token Service, ITS), providing users with a chain-agnostic interaction experience.
This integration comes at a time when DeFi activity on the Sui chain is surging, with over 1.4 million daily active addresses driving more than $11 billion in transaction volume in the past 30 days.
Currently, multiple leading projects in the Sui ecosystem, including Aftermath, AlphaFi, and Bluefin, have begun to access Axelar's cross-chain capabilities, promoting Sui to become a DeFi infrastructure with global liquidity.