Axelar Token Burn Page Goes Live, Over 90,000 AXL Tokens Burned in the Past 5 Days

BlockBeats News, February 26th: The Axelar token burn page has been launched. Since the network upgrade completed on February 21st, over the past 5 days, more than 90,000 AXL tokens have been burned, and the current inflation rate is 4.8%.

The Axelar Cobalt upgrade has strengthened the AXL token's economic model. To secure new cross-chain interoperability, 98% of AXL transaction fees are burned, while the remaining 2% is allocated to the community fund pool. The new blockchain is connected via the Interchain Amplifier, which is part of Axelar's Mobius Development Stack (MDS), and provides security through AXL staking in the validator reward pool. The reward pool supports new connections without the need for inflation incentives.