Blockchain technology continues to evolve rapidly, with new advancements in cross-chain interoperability paving the way for a more seamless user experience in the crypto space. Two key players in this space, OKX and Axelar, have recently launched innovative tech stacks that aim to simplify development across multiple blockchains.
OKX has introduced OKX OS, an open-source infrastructure suite that provides developers with the tools, SDKs, and APIs necessary to build applications on a variety of blockchains, including Ethereum, Bitcoin, and Solana. This new stack, based on the technology powering the OKX Wallet, is designed to streamline development for over 100 chains.
On the other hand, Axelar has unveiled its Mobius Development Stack (MDS), a vendor-agnostic architecture integrated into popular OpenZeppelin libraries. The main feature of MDS is the Interchain Amplifier, which enables permissionless cross-chain connections at the smart-contract layer. By using staked AXL or restaked assets like ether and bitcoin, developers can achieve cross-chain interoperability without the need for bridges.
Axelar’s MDS supports a wide range of Layer 1 blockchains, including Solana, Stellar, and XRP Ledger, as well as off-chain resources like zk or AI co-processors. The Interchain Token Service (ITS) enables the creation of native cross-chain tokens, opening up possibilities for tokenizing real-world assets, enhancing liquidity, and enabling fractional ownership across different chains.
Georgios Vlachos, co-founder of Axelar, emphasizes that MDS empowers developers to build decentralized applications that can freely utilize resources, logic, value, and network effects across a global internet landscape.
In addition to OKX and Axelar’s developments, W3.io has launched the Orchestration Cloud, an industry utility that aims to bring the benefits of an orchestration layer from Web2 environments into Web3. By acting as an advanced oracle that strings together multiple services to support complex transactions across Web3, W3.io simplifies the process of coordinating on-chain and off-chain actions.
These technologies collectively contribute to the creation of a holistic ecosystem where developers can build decentralized applications that are interoperable, scalable, and user-friendly across the entire Web3 space. With the ongoing advancements in cross-chain interoperability, the future of blockchain technology looks promising for both developers and users alike.
The chart of the day showcases Base’s efforts to increase gas limits per block in pursuit of scalability. As Base continues to ramp up gas limits, this move has implications for Ethereum’s roadmap, particularly in terms of reducing the reliance on centralized sequencer profits and increasing the incentive for L2s to decentralize their sequencers. This shift towards a more decentralized and interconnected blockchain ecosystem highlights the ongoing evolution of blockchain technology towards a more efficient and user-friendly future.