Обвал токена AXL на 18%: покупка Interop Labs не увеличивает его ценность Translation: AXL Token Crashes 18%: Interop Labs Acquisition Fails to Boost Its Value

The price of Axelar’s native token (AXL) has fallen by 17.8% following the announcement that Circle has reached an agreement to acquire Interop Labs, a key developer of the protocol.

The company will obtain the engineering team and intellectual property. The network, the Axelar Foundation, and the token will remain independent and continue to operate under community governance.

Employees from Interop Labs will join Circle to work on payment infrastructure. The further support and development of the Axelar ecosystem will be handled by a company called Common Prefix.

This acquisition will enable Circle to enhance asset compatibility in the Arc network with other blockchains and broaden the software development toolsets for creating multi-chain applications. The transaction is expected to close in early 2026.

The market quickly reacted to this news with a sell-off of the asset. Traders realized that the acquisition does not provide any direct value to AXL holders. The token has not received support from the buyer nor a share in revenue distribution.

This situation calls into question the belief that the success of a protocol automatically increases the value of its token. Major players may be interested in teams and technologies but might overlook associated assets if they are not structurally tied to the deal.

At the time of writing, AXL’s price has risen to $0.11. Nonetheless, the token has dropped by 88% over the year.

Recall that in November, Coinbase and the stablecoin startup BVNK backed out of a $2 billion acquisition deal.