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Cryptocurrency News Articles

MDS is a New Interoperability Standard Leveraging Enhanced AXL Token Utility to Power Infinite Security and Scalability Across Web3. Top L1s Are Cued to Launch; Augmentable Security via Babylon and EigenLayer; and a Vendor-Agnostic Interface Built With Op

Oct 03, 2024 at 09:30 pm

Axelar, a leader in blockchain interoperability, has launched the Mobius Development Stack (MDS) on mainnet, following on-chain governance approval.

MDS is a New Interoperability Standard Leveraging Enhanced AXL Token Utility to Power Infinite Security and Scalability Across Web3. Top L1s Are Cued to Launch; Augmentable Security via Babylon and EigenLayer; and a Vendor-Agnostic Interface Built With Op

Axelar, a pioneer in blockchain interoperability, has announced the mainnet launch of the Mobius Development Stack (MDS), following approval by on-chain governance.

As the first-and-only holistic interoperability platform, MDS will enable any on-chain or off-chain system to integrate in a self-service, customizable manner, unlocking a new design space for decentralized applications. Upcoming layer 1 interoperability launches will include Solana, Stellar, Sui and XRP Ledger – all powered by the newly launched Interchain Amplifier.

Together, these developments will redefine how data, value and users connect and interact across a reimagined Web 3.0: One connection, limitless possibilities.

Axelar's Mobius Development Stack is a platform for an omnichain world, where decentralized applications not only integrate with but also surpass traditional systems in functionality, access and user experience. This new era of internet design prioritizes openness, flexibility, and interoperability, redefining how applications are built and how users interact with them.

Key Benefits of the Mobius Development Stack (MDS):

Integrating with Leading Ecosystems to Establish Standards for Interoperability

MDS enables self-service, customizable connection to blockchains powered by any form of consensus – which is why leading L1 blockchain ecosystems are adopting, with formal launches expected in the coming weeks.

With Mobius, global financial services firms and blockchain innovators can connect private-chain environments to public layer 1s, unlocking the potential of tokenized assets.

Flexible Security to Meet Institutional Requirements

With MDS, Axelar will become the first institutional-grade interoperability network to integrate Babylon and EigenLayer (subject to online governance), bringing Bitcoin- and Ethereum-level security to cross-chain interactions.

This is key for institutional participants who require the highest-quality digital collateral to secure trillions in total value locked (TVL). For the second year in a row, Axelar is supporting top-10 global investment banks with their projects at the Monetary Authority of Singapore's Project Guardian initiative.

Vendor-Agnostic, Open Interface

OpenZeppelin is the leader in Web3 developer tools, with smart-contract libraries that have secured over $7 trillion in value transferred. The previously announced integration into these libraries now adds an evolutionary step for interoperability: an open interface compatible with all major interoperability protocols.

As Axelar is integrated into OpenZeppelin libraries, these open interoperability standards will be available to developers at the start of their dApp-building journey, so dApps can go multichain on Day One, without vendor lock-in.

A New Security Approach and Improved AXL Tokenomics

With the Mobius release, Interchain Amplifier launches to mainnet, following its approval by on-chain governance. This long-anticipated feature enables permissionless cross-chain connections with a novel consensus approach that exists at the smart-contract layer. This is supported by a new security approach, powered by the AXL token:

Protocol-level development is not needed, accelerating and expanding accessibility; any consensus mechanism or off-chain system can connect in this way.

Users can learn more about Axelar MDS: axelar.network/mobius.

About Axelar

Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: axelar.network.

About Axelar Foundation

Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability network that connects multiple blockchain ecosystems. Visit axelar.foundation to learn more.

About Babylon

Babylon designs Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralised world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon's approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.

About EigenLayer

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through EigenLayer's system of interconnected smart contracts, any ERC-20 token can be "restaked" to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt

Original source:businessinsider

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Other articles published on Oct 12, 2026