Axelar

Axelar AXL

Status: ListedInfrastructure
Token GradeBBB
Overall Score: 32.6 /100Rank: 71 of 172
Disclosures A5.34 /10
Performance AA6.10 /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)$19,092,680
Market Cap (prev. 30d avg)$66,396,293
Trade Volume / Market Cap14.09%
GradeAAAScore10.00Percentile100.00%

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

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

Depth +/- 2% (prev. 30d avg)$7,070,260
Market Cap (prev. 30d avg)$66,396,293
Depth / Market Cap12.36%
GradeAAAScore10.00Percentile100.00%

Bid / Ask Spread (volume weighted spreads)

Bid / Ask Spread (%)

Exchange with Tightest SpreadsBinance
Volume Weighted Bid / Ask Spread (prev. 30 days)0.3485%
GradeAScore5.00Percentile42.69%

Price Performance

30D Change: -11.37%

Price (USD)

Count Green Candles16
Count Red Candles14
Candle "Win Rate"53.33%
GradeAAScore7.00Percentile98.22%

Open Interest (as a % of Market Cap)

Top Venues by OI (prev. 30d avg)

Binance$2,059,423
Bybit (Futures)$1,617,428
Bingx$1,020,061
Total (All Exchanges)$6,907,854
Open Interest / Market Cap8.36%
GradeAAScore7.00Percentile33.54%

Funding Rate

Funding Rate (%)

Open Interest-Weighted Funding Rate-0.0040%, shorts pay longs
GradeAAScore6.00Percentile26.11%

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)$11,807,203
DEX Volume (avg)$12,858
CEX Volume share99.41%
GradeAScore5.00Percentile71.35%

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

+/- 2% Depth (USD)

CEX Depth (avg)$4,511,273
DEX Depth (avg)$3,274
CEX Depth share99.90%
GradeAScore5.00Percentile57.31%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$11,820,061
Perps Volume (avg)$9,232,233
Spot Volume share38.66%
GradeAAAScore9.00Percentile80.70%

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

+/- 2% Depth (USD)

Spot Depth (avg)$4,514,547
Perps Depth (avg)$3,816,318
Spot Depth share49.65%
GradeAAAScore9.00Percentile8.77%

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

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)

$61,562,699
GradeBB
Score4.00
Percentile25.15%
Data as of 2026-10-27Scoring config v4Rated 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.