$AXL

Upbit announced yesterday that it has listed the AXL/BTC pair

Let me update you on Axelar’s ​​recent important developments:

Axelar has put forward a proposal to “reduce inflation”. The contents of the proposal include:

- Modify network inflation parameters

- Introducing the mechanism of Burn Gas (the two are combined to achieve deflation in the Axelar network)

- Transition to AVM, replacing inflationary rewards with reward pools for each new chain

- Expand more light clients and eliminate external validator incentives (also reduce inflation)

All in all, after the proposal is passed, AXL will gradually enter a deflationary state. Getting on Upbit is more like an accident, but it may also be someone's game. After all, AXL has a very good investment lineup, such as Binance Labs, Coinbase, etc.

In addition, the issuance of tokens by LayerZero and Wormhole will inevitably draw market attention to the cross-chain track.