The cross-chain interoperability sector surged significantly, with W leading the gains, followed by ZRO, AXL, STG, and others.

BlockBeats news, October 12th, according to HTX market information, tokens in the cross-chain interoperability sector surged significantly, with Wormhole (W) leading the gains, rising over 60% in 24 hours and briefly breaking above $0.03. LayerZero (ZRO) also strengthened in tandem, breaking above $2.2 with a 24-hour gain of over 12%. Axelar (AXL) broke above $0.06 with a 24-hour gain of 9.7%; Stargate (STG) broke above $0.2 with a 24-hour gain of 23.7%; Stargate (STG) broke above $0.2 with a 24-hour gain of 23.7%.

On the news front:

Wormhole is advancing its W 2.0 token economics, introducing a reserve fund, staking yields, and a biweekly unlock mechanism, and has completed Hyperliquid HYPE multi-chain deployment and institutional-grade integrations including Ripple RLUSD;

LayerZero has recently seen a significant increase in TVL, launched the Bridge Sentinel security solution in collaboration with Blockaid, and completed the merger of Stargate (STG) tokens into the ZRO ecosystem with continued buybacks;

Axelar continues to expand multi-chain connectivity, actively participating in the XRP ecosystem as a bridge for the XRPL EVM sidechain;

Stargate is currently completing its token merger migration to the LayerZero ecosystem, with multiple mainstream trading platforms already supporting the exchange of STG for ZRO.