Axelar’s Interchain Token Service connects Hyperliquid’s HyperCore and HyperEVM environments to more than 80 blockchains. The integration lets token issuers route cross-chain deposits into Hyperliquid’s perpetuals trading venue in a single step, according to Stocktwits’ March 5, 2026 report.
Altcoin Buzz examines the outlook for Axelar’s AXL token after founders Sergey Gorbunov and Georgios Vlachos move to Circle and Common Prefix assumes stewardship of the network. It notes the token’s decline following the Axelar-Circle agreement and the new team’s published 2026 roadmap.
Circle agrees to acquire the Interop Labs team and proprietary intellectual property, while leaving the Axelar Network, Foundation, and AXL token outside the deal. The network, foundation, and token remain under community governance, and Common Prefix takes over Interop Labs’ activities. The report also notes community backlash and a double-digit decline in AXL’s price.
