Axelar Network (@axelar): Following an on-chain governance vote, the upgrade to v1.2.1, "Cobalt,” was approved, implementing new AXL tokenomics that sends 98% of network gas fe…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- AXL+75Positive
Following an on-chain governance vote, the upgrade to v1.2.1, "Cobalt,” was approved, implementing new AXL tokenomics that sends 98% of network gas fees to a burn address. (The other 2% go to a community grant pool.) As the network has matured, this new upgrade hardens the AXL token supply to incentivize interoperability without inflationary rewards.