multi chain money

Axelar Network's Cobalt Upgrade* Hardens AXL Tokenomics to Secure New Interop Connections

- 98% of AXL transaction fees are burned, while 2% are transferred to a community pool.- New blockchains connect via the Interchain Amplifier, part of Axelar's Mobius Development Stack (MDS), with AXL locked in verifier reward pools for security.- Reward pools allow for new connections without inflationary rewards.* This upgrade was approved through a decentralized network governance vote that concluded as of February 16, 2025.