Axelar AXL

Commentary versus actual token vesting

The published genesis schedule has been superseded. The 2022 tokenomics post now carries a banner directing readers to an AXL Tokenomics 2.0 publication of March 2025; the genesis figures describe the starting position, not the current regime. Governance-approved amendment: the Cobalt upgrade (v1.2.1), 25 February 2025, added a 98% fee burn by on-chain tokenholder vote and moved new-chain incentives from inflation to pre-funded AXL Verifier reward pools (Sui and Flow alone locking >300,000 AXL/month). Base staking inflation has since been set to zero on-chain (inflation_max = inflation_min = 0; key_mgmt_relative_inflation_rate = 0). No governance proposal title in the on-chain register records this change — the last titled inflation proposals are #19 (7 Nov 2022), #26 (12 Dec 2022), #184 (3 Nov 2023), #189 (5 Dec 2023) and #198 (25 Mar 2024). The change is unattributed to any dated, titled governance act. Observed inflation 3.4% vs 4.8% published at Cobalt (−29.2%) and 8% base published by Figment and the first-party FAQ (−57.5%). No first-party source has been updated. Cumulative burn 833,594.64 AXL = 0.0666% of current supply, offsetting 1.31% of annual issuance. Supply is net inflationary at +3.36%/yr.