AXELAR PREPARES TOKENOMIC OVERHAUL FOR AXL

Summary from the TLDR Crypto newsletter

Axelar, a cross-chain platform, is planning to alter the tokenomics of its native currency, AXL. The current inflation rate of 11.5% will be reduced to around 5.2%, with an additional 0.3% for each external chain. This will encourage connections to external chains while controlling inflation. Additionally, Axelar plans to simplify the integration of L2s through an Axelar Virtual Machine and an Interchain Amplifier, allowing for automated multi-chain applications and scalable light-client connections.