Axelar released a v1.3.2 network upgrade (Dec 7–8, 2025)
This upgrade is reported to reduce block times below ~2 seconds, improving transaction throughput and performance.
Earlier “Cobalt” upgrade:
Implemented new AXL tokenomics, including mechanisms to burn gas fees paid in AXL — potentially tightening supply and increasing long-term utility.
📈 Price Moves & Market Activity
📊 Recent rallies
AXL surged ~20% recently after breaking a bullish pattern on price charts, reaching around $0.40+ on some spikes — signaling renewed momentum among traders.
📈 Exchange & Trading Expansion
LBank launched an AXL USDT-margined perpetual futures contract, adding leverage trading options and potentially increasing liquidity/trader interest.
💼 Institutional & Adoption Signals
🏦 Investment Products
Canary Capital launched the Canary AXL Trust — a private investment product giving accredited/institutional investors exposure to AXL. This is part of a wider push to bridge traditional finance and blockchain interoperability.
📊 ETF Filings and Buzz
Earlier in 2025, Canary Capital filed with the US SEC for an ETF tracking AXL, which boosted trading sentiment and price on announcement.
