Axelar AXL
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Core Contributors
Legal & Financial
Tokenomics
Service Providers
Performance overview: market quality
Total Volume (as % of Market Cap)
Market Cap (USD)
Trade Volume (USD)
Depth +/- 2% (as a % of Market Cap)
Depth +/- 2% (USD) | Market Cap (USD)
Bid / Ask Spread (volume weighted spreads)
Bid / Ask Spread (%)
Price Performance
30D Change: -11.37%Price (USD)
Open Interest (as a % of Market Cap)
Top Venues by OI (prev. 30d avg)
Funding Rate
Funding Rate (%)
Performance overview: liquidity providers
Data not disclosed
Market Maker Volume (as a % of total volume)
N/AMarket Maker Depth (as a % of total depth)
N/AMarket Maker Uptime / KPI Adherence
N/APerformance overview: liquidity footprint
Top-Tier Exchange Coverage
Total Volume (CEX vs DEX)
Volume (USD)
Total +/- 2% Depth (CEX vs DEX)
+/- 2% Depth (USD)
Total Volume (Spot vs Perps)
Volume (USD)
Total +/- 2% Depth (Spot vs Perps)
+/- 2% Depth (USD)
Performance overview: tokenomics
Undisclosed unlock detectedDisclosed token vesting vs actual vesting
Disclosed Maximum Token Supply (%) | Months Since TGE
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The published genesis schedule has been superseded.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.
Market Cap vs FDV (ratio)
0.99:1Fully Diluted Valuation (FDV) (USD)
$61,562,699UTR 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.