The Axelar network upgrade has been completed, introducing a mechanism for burning transfer gas fees (AXL)

BlockBeats news, on February 21st, according to official sources, the planned network upgrade of Axelar has now been successfully completed. The Axelar network, Satellite, cross-chain interaction Token service, Relay service, Token transfer, and general message delivery have been restored and are now online. The gas fee for transfers on the Axelar network (AXL Token) is now sent to the destruction Address instead of being allocated to Token holders.