Axelar to Launch DAMA 2 in November 2025

According to media reports, Axelar obtained $30 million in over-the-counter (OTC) funding on March 11, 2025. Investors participating in this round include Arrington Capital, Electric Capital, Distributed Global, Laser Digital, C² Ventures, Wagmi Ventures, and Plassa Capital. With this latest transaction, Axelar’s cumulative funding has reached $143.75 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains and enabling asset liquidity and programmability. The project comprises a network layer and an API layer, with its core being a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Notably, Axelar has made significant progress in recent years. In July 2023, the project entered into a partnership with technology giant Microsoft to jointly develop blockchain interoperability solutions. According to its development roadmap, Axelar plans to launch the DAMA 2 multichain infrastructure product in November 2025, further strengthening its competitiveness in the cross-chain communication sector. Since its initial seed round in 2020, Axelar has completed multiple funding rounds—including Series A, Series B, and public offerings—demonstrating sustained investor confidence in its technological innovation and market prospects.

According to industry sources, Axelar completed a $50 million public sale financing round on March 3, 2022. Following this round, Axelar's cumulative total funding reached $143.75 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains. The platform optimizes asset liquidity and programmability for developers and end users. Axelar’s architecture consists of two layers: the underlying network and the upper-layer API. Its core features a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Tracing the project’s development, Axelar has demonstrated steady growth since 2020. The company began with a $3.75 million seed round in November 2020, followed by multiple funding rounds: a $25 million Series A in July 2021, a $35 million Series B in February 2022, and the latest public sale. Notably, in July 2023, Axelar entered into a partnership with Microsoft to jointly develop blockchain interoperability solutions, underscoring the project's technical strength and market recognition.Looking ahead, Axelar plans to launch its DAMA 2 multi-chain infrastructure product in November 2025, further advancing the cross-chain ecosystem. As demand for blockchain interoperability continues to grow, Axelar’s solutions are expected to play a significant role in driving the development of Web3 infrastructure.

According to industry sources, Axelar raised $3.75 million in seed funding on November 13, 2020. Investors in this round included YZi Labs, Lemniscap, Divergence Ventures, DCVC, Naval Ravikant, and Waikit Lau. Following this financing, Axelar's total funding reached $143.75 million, with its latest valuation at $28 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains and optimizing asset liquidity and composability. The project utilizes a two-layer architecture: an underlying network and an upper-layer API. At its core is a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Axelar has demonstrated steady growth in its funding trajectory. After the seed round, the project completed a $25 million Series A, a $35 million Series B, and a $50 million public sale. Notably, in July 2023, Axelar entered into a partnership with technology giant Microsoft to co-develop blockchain interoperability solutions, underscoring its technical capabilities and market recognition. Looking ahead, Axelar plans to launch the DAMA 2 multi-chain infrastructure product in 2025, further expanding its influence in cross-chain communication.As the blockchain ecosystem continues to evolve, demand for cross-chain interoperability is on the rise. As a key innovator in this space, Axelar's technical solutions and strategic development are poised to play a significant role in advancing large-scale adoption of blockchain technology.

According to media reports, Axelar raised $25 million in a Series A funding round on July 15, 2021. The round was backed by Polychain, Dragonfly, Lemniscap, Galaxy Digital, Robot Ventures, Hypersphere Ventures, Morningstar Ventures, Collab+Currency, Divergence Ventures, and North Island Ventures. Following this transaction, Axelar’s cumulative funding reached $143.75 million.Axelar is a decentralized cross-chain communication network designed to enhance Web3 interoperability by connecting heterogeneous blockchains and enabling asset liquidity and composability of applications in an optimized manner. The project consists of a network layer and an API layer, with its core being a permissionless overlay network that provides Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Notably, Axelar has demonstrated robust growth momentum throughout its development. Since closing a $3.75 million seed round in November 2020, the project has completed multiple funding rounds. In February 2022, Axelar secured $35 million in Series B funding, followed by a public raise of $50 million in March of the same year. A significant milestone in the project’s trajectory was the partnership established with Microsoft in July 2023 to jointly develop blockchain interoperability solutions. This sequence of financings and collaborations underscores strong investor and industry confidence in cross-chain communication technology and highlights Axelar’s leading position in advancing blockchain interoperability.