The Cobalt upgrade approved by governance votes is officially online! 💥

This upgrade reduces the annual inflation rate of the Axelar network to 3.8%, eliminating the base inflation.

Supporting more EVM-compatible chains is a major source of validator costs, but it also brings more transactions and burns. We will continue to adjust the economic model, steadily reducing the inflation rate while enhancing network efficiency. 🧡

https://axelarscan.io/proposal/294