LayerZero secures $110M deal for Stargate acquisition following fierce bidding competition

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 25 2025

AXL+9.649%

ACX+2.32%

WAXL+8.29%

Should l Buy AXL?

Acquisition Details: LayerZero has successfully acquired the cross-chain platform Stargate for $110 million, with a 95% approval from the Stargate DAO community.
Revenue Distribution: Stargate stakers will receive 50% of the protocol's revenue for six months, while the other half will go towards LayerZero's ZRO token buybacks.
Community Decision: Despite competing bids from Wormhole, Axelar, and Across, the Stargate community chose LayerZero, prioritizing long-term strategic alignment over immediate financial offers.
Future Integration: The acquisition aims to enhance LayerZero's interoperability strategy by integrating Stargate’s infrastructure, with a focus on potential benefits for both ZRO holders and Stargate supporters.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like AXL with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for AXL

Technical Sentiment Analysis for Axelar (AXL). As of , Axelar (AXL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AXL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, AXL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Axelar (AXL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.000927	0.0214	0.0354	0.0577	0.0717	0.094	0.108
Fibonacci	0.0214	0.0353	0.0438	0.0577	0.0716	0.0801	0.094

About AXL

Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools and APIs.Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity.Powered by a decentralized network of validators, anyone can join the network, build on it, or use it. Apps builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake (PoS) consensus mechanism.AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).Meanwhile, Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital and others.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for AXL?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy AXL?

Get Started Free