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

Feb 21, 2025 08:16:59

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ChainCatcher message, the planned network upgrade for Axelar has been successfully completed. The Axelar network, Satellite, cross-chain token services, relay services, token transfers, and general messaging have been restored online.

The Gas fees for Axelar network transfers (AXL tokens) are now sent to the burn address, instead of being allocated to token holders.

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