Axelar prepares tokenomic overhaul for AXL
Tech Axelar prepares tokenomic overhaul for AXL 2 menit yang lalu Berita Bitcoin Ethereum Cross-chain communication platform Axelar is looking to revamp the tokenomics of its native token AXL and simplify the blockchain integration process. According to Axelarscan, since its genesis the network has processed over $6 billion in cross-chain transactions. It currently has a total value locked (TVL) of $95.3 million and a market cap of $143.3 million, as shown on DeFiLlama. As it currently stands, Axelars native token (AXL) is inflationary. Its existing inflationary design is intentional, as it incentivises validators to offer connections to external chains. But the Axelar Foundation, the team behind the Axelar network, has proposed to modify the inflation parameters and introduce a gas burning mechanism. In an interview with Blockworks, Axelar Foundation Chairman Georgios Vlachos noted that existing inflation parameters add rewards for each connected external chain that does not have light clients. “We cannot support hundreds or thousands of chains in this model without inflating the network substantially. So in the short-term, these parameters should be reduced to allow us to support more chains, while the community is working on launching the Virtual Machine and new connectivity models that do not have these inflationary properties,” Vlachos said. The culminated total inflation







