Data from Coingecko revealed that Axelar (AXL) has overtaken Wormhole to become the leader in the cross-chain market cap rankings.

Axelar (AXL) has a market cap of $503.7 million and a fully diluted valuation (FDV) of $811 million. Wormhole (W) follows closely with a market cap of $503.4 million and an FDV of $2.797 billion. LayerZero (ZRO) holds the third position with a market cap of $415 million and an FDV of $3.764 billion.