Axelar's cross-chain infrastructure demonstrated remarkable growth in January 2025, with total swap volume surging from $4.1M to $175.5M (a 4,165% increase) and processing 94,411 swaps across 400 unique blockchain interconnection paths. Squid cross-chain protocol dominated cross-chain activity with 94,411 swaps representing 94.8% of total transactions, while Near Protocol experienced a significant 1,500% increase in daily cross-chain swap transactions from 44 to 1,048. Ethereum to Arbitrum cross-chain swap volume peaked at $14.85M, highlighting the increasing interoperability and liquidity movement across blockchain networks.