Axelar Launches ‘Open Web3 Design Space’ with Sui, XRP, EigenLayer, OpenZeppelin
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Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”
According to the press release shared with Cryptonews, the novel platform enables customizable, self-service integration with any on-chain or off-chain system.
With this move, the team has created “a new design space” for decentralized applications (dapps).
Mobius will enable financial services firms and blockchain innovators worldwide to connect private-chain environments to public Layer-1s.
This will allow them to unlock the tokenized asset potential, the announcement said.
It has named Solana, Stellar, Sui, and XRP Ledger as the upcoming Layer-1 interoperability launches.
Furthermore, the Mobius launch made Axelar “the first institutional-grade interoperability network to integrate Babylon and EigenLayer.”
Thanks to this, the team has brought both Bitcoin– and Ethereum-level security to cross-chain interactions, they claimed.
Per Axelar, this is key for institutional participants. They require “the highest-quality digital collateral to secure trillions in total value locked (TVL).”
Luke Hajdukiewicz, EigenLayer Head of AVS BD, commented that this integration opens a great number of restaking opportunities in new use cases previously inaccessible to Eigen.
Axelar MDS, developed by @interop_labs, is a new interoperability standard leveraging enhanced AXL token utility to power infinite security and scalability across Web3.
