Circle Acquires Interop Labs Team, Excludes AXL Token
- Circle acquires Interop Labs team, AXL token excluded.
- Axelar Network continues independent operations.
- No immediate financial changes disclosed.
Circle plans to acquire Interop Labs, the initial developer of Axelar Network, by early 2026, targeting the team and proprietary assets, while Axelar remains independent.
This acquisition could impact interoperability, though Axelar’s network and AXL token remain unaffected, with broader market reactions and regulatory changes minimal at present.
Circle has reached an agreement to acquire the Interop Labs team and its intellectual property, leaving the Axelar Network and AXL token separate. This announcement highlights the strategic direction Circle is taking in expanding its capabilities.
The acquisition is solely focused on the team and proprietary assets of Interop Labs, with the Axelar Network maintaining its independence. Common Prefix will take on roles previously managed by Interop Labs in the Axelar developer community.
No immediate financial impact or changes to AXL token operations have been reported following the acquisition of Interop Labs by Circle. Axelar Network operations continue independently, ensuring stability and continuity for the community and investors.
Financial and market analysts have noted the absence of funding details or shifts in market dynamics, reinforcing the independence of the Axelar Network and stability of the AXL token’s market presence.
Community reactions have been mixed, with some expressing frustration over the exclusion of the AXL token in the deal. The independence of Axelar remains a focal point for its supporters and stakeholders. Simon Dedic, Founder of Moonrock Capital, commented, “Circle acquiring Axelar while explicitly excluding the foundation and the AXL token is outright criminal.”
Market observers will closely monitor any future developments in regulatory, technological, or governance aspects related to this acquisition. While no immediate effects are evident, the long-term strategic implications remain a subject of interest.
