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AXL — Axelar
A blockchain for transfers between chains; AXL pays fees and secures the network; the developer team Interop Labs went to Circle.
What it is for
- Set out to
- Transferring messages and value between different blockchains.
- Today in addition
- Interchain Amplifier, Interchain Token Service, Mobius Development Stack.
- Notable
- Its own proof-of-stake chain whose sole purpose is to mediate between other chains.
- Strength
- A validator set secures the transfer instead of a multisig.
- Weakness
- Demand arises only through other chains.
Contract address
Axelar — its own chain, no contract.
The asset is the currency of its own chain and does not sit as a token on someone else’s. An empty field here would stand for a missing figure — but nothing is missing.
Score
44of 93
Market capitalization
$50Mas stored
against Bitcoin, 90 days
-26.3%‡not against the dollar
CoinMarketCap
#17799numeric identifier
Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | did not yet exist |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.2854250.20 satSeptember 30, 2025 | $2.373,759 satMarch 3, 2024 | in dollars +$0.0341 (+11.9%)against Bitcoin +2.4%from $0.2854 on September 30, 2025 to $0.3195 on October 6, 2025 | in dollars -$2.09 (-88.0%)against Bitcoin -93.3%from $2.37 on March 3, 2024 to $0.2854 on September 30, 2025 |
Only partly measured: reliable trading only from February 7, 2023. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2023: in dollars +51.9% (from $0.7769 to $1.18) · against Bitcoin -16.5% |
| 2024: in dollars -45.8% (from $1.19 to $0.6476) · against Bitcoin -74.3% |
| 2025: in dollars -52.4% (from $0.6706 to $0.3195) · against Bitcoin -63.9% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.034953.96 satAugust 18, 2026 | $0.045857.91 satSeptember 7, 2026 | in dollars +$0.0109 (+31.2%)against Bitcoin +7.3%from $0.0349 on August 18, 2026 to $0.0458 on September 7, 2026 | in dollars -$0.00440 (-9.6%)against Bitcoin -6.6%from $0.0458 on September 7, 2026 to $0.0414 on September 10, 2026 |
| Year by year |
| 2026: in dollars +6.7% (from $0.0401 to $0.0428) · against Bitcoin -18.2% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure8 of 20
Starting valuation and size leverage14 of 14
Survivability8 of 12
Relative strength against Bitcoin2 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of August 28, 2026.
The figures in detail
Price, as stored$0.0407
against Bitcoin, 7 days-4.4%‡
against Bitcoin, 30 days-14.4%‡
listed on CoinMarketCap sinceFebruary 2022
Age since listing4.6 years
Fees relative to valuation0.150%
Supply still locked2.0%
hard supply capno
Carried by Nexonot found
Trading venues of 15 checkednot collected
‡ The percentages come from a snapshot of August 28, 2026 and are not calculated from daily closing prices. Whether and when they will be recalculated together is decided by the model revision on December 8, 2026.
Finding
$73,765 in twelve months, cross-chain gas mostly in other tokens
Investors and partners: $63.8 million at a recent valuation of $1 billion. Dragonfly, Polychain, Galaxy Digital, Coinbase Ventures — awards no points, because projects with large backers did not perform better.
Nexo: Not found on the three public Nexo pages checked on September 1, 2026. That does not mean that Nexo does not carry the asset.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.