Axelar

Axelar AXL

Status: ListedInfrastructure
Token GradeBBB
Overall Score: 33.2 /100Rank: 70 of 172
Disclosures A5.34 /10
Performance AA6.22 /10

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Disclosures Overview

Core Contributors

Legal & Financial

Tokenomics

Service Providers

Performance Overview: Market Quality

Total Volume (as % of Market Cap)

Market Cap (USD)

Trade Volume (USD)

Trade Volume (prev. 30D avg.)$13,508,080
Market Capitalization (prev. 30D avg.)$61,247,716
Trade Volume / Market Capitalization14.81%
GradeAAAScore10.00Percentile100.00%

Depth +/- 2% (as a % of Market Capitalization)

Depth +/- 2% (USD) | Market Cap (USD)

Depth (+/- 2%)Market Cap
Depth +/- 2% (prev. 30D avg.)$6,612,179
Market Capitalization (prev. 30D avg.)$61,247,716
Depth / Market Capitalization10.44%
GradeAAAScore10.00Percentile100.00%

Bid / Ask Spread (Volume weighted spreads)

Bid / Ask Spread (%)

UpbitBinanceBlofin
Exchange with Tightest SpreadsBinance
Volume Weighted Bid / Ask Spread (prev. 30 days)0.4899%
GradeBBScore4.00Percentile16.37%

Price Performance

30D Change: 16.33%

Price (USD)

Count Green Candles20
Count Red Candles10
Candle "Win Rate"66.67%
GradeAAAScore8.00Percentile97.04%

Open Interest (as a % of Market Capitalization)

Top Venues by OI (prev. 30D avg.)

Binance$1,759,993
Bybit (Futures)$1,451,264
Bingx$941,367
Total (All Exchanges)$6,381,570
Open Interest / Market Capitalization8.84%
GradeAAScore7.00Percentile32.48%

Funding Rate

Funding Rate (%)

BinanceBybit (Futures)Bingx
Open Interest-Weighted Funding Rate0.0135%
GradeAAAScore9.00Percentile96.82%

Performance Overview: Liquidity Providers

Data not disclosed

Market Maker Volume (as a % of total volume)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Depth (as a % of total depth)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Uptime / KPI Adherence

N/A
GradeCCC
Score0.00
Percentile0.00%

Performance Overview: Liquidity Footprint

Top-Tier Exchange Coverage

3 out of 4 (75%)BinanceOKXCoinbaseUpbit
GradeAAAScore8.00Percentile57.89%

Total Volume (CEX vs DEX)

Volume (USD)

CEX Volume (avg)$7,824,340
DEX Volume (avg)$4,961
CEX Volume share99.91%
GradeAScore5.00Percentile69.01%

Total +/- 2% Depth (CEX vs DEX)

+/- 2% Depth (USD)

CEX Depth (avg)$3,756,779
DEX Depth (avg)$2,838
CEX Depth share99.90%
GradeAScore5.00Percentile58.48%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$7,829,301
Perps Volume (avg)$6,839,271
Spot Volume share41.21%
GradeAAAScore10.00Percentile100.00%

Total +/- 2% Depth (Spot vs Perps)

+/- 2% Depth (USD)

Spot Depth (avg)$3,759,617
Perps Depth (avg)$3,761,001
Spot Depth share43.76%
GradeAAAScore9.00Percentile10.53%

Performance Overview: Tokenomics

Undisclosed unlock detected

Disclosed Token Vesting vs Actual Vesting

Disclosed TGE DateN/A
Disclosed Duration50 months
Disclosed Total Groups8
Disclosed Max. SupplyN/A

Disclosed Maximum Token Supply (%) | Months Since TGE

Community programmesInsurance fundCore TeamCompany - OperationsSeed RoundSeries ASeries BPublic Sale

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.

GradeCCCScore0.00Percentile100.00%

Market Cap vs. FDV (Ratio)

0.99:1
GradeAAA
Score10.00
Percentile100.00%

Fully Diluted Valuation (FDV) (USD)

$64,428,745
GradeBB
Score4.00
Percentile23.39%

Data as of 2026-10-09 · Scoring config v4 · Rated 172 of 173 projects

UTR scores evaluate disclosure quality and token market structure. The score is informational and should not be interpreted as an assessment of expected returns or as an investment recommendation.