Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18

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Ethereum addresses growth, Axelar promotion to unicorn, or Umbria’s innovation on Avalanche marked the week of Finance Redefined. Here is our latest newsletter!

This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change.The Axelar Network announced the completion ofthis week, elevating its total market valuation to over $1 billion and establishing its status as a unicorn corporation.

Major participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others. The network has implemented partnership integrations with a suite of validators, as well as leading blockchain platforms such as Ethereum, Avalanche, Polygon and Polkadot. Cointelegraph spoke exclusively to Axelar CEO and co-founder Sergey Gorbunov for an exclusive insight into the specific strategies for capital deployment across the business in preparation for its upcoming mainnet release.

He noted that the “primary focus is to provide universal interoperability with minimal risk” and that “the funds will be used to continue building the core network functionalities and scaling integrations with more blockchains and applications.” “Axelar developers are also working to make the network easy to use so that developers on any blockchain can reach the deepest liquidity and broadest user base. With this in mind, we are dedicating resources to improving our APIs, SDKs and associated documentation.

 

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