$AXL Token Rights
Updated May 09, 2026Overview
- Token(s)
- AXL
- Token Type
- GovernanceUtility
- Utility
- Staking, Gas
AXL is the native governance and utility token of Axelar, enabling holders to stake for network security and validator rewards, pay for cross-chain transaction fees, participate in governance voting on protocol upgrades, and facilitate interoperability across connected blockchains through the Axelar Virtual Machine.
Governance Rights
ControlToken stakers can vote on upgrades. Anyone can submit proposals through Axelar's forum, requires a 2,000 AXL deposit
Governance Decisions
Staking AXL delegates voting power to vote on proposals
Treasury Decisions
Revenue Decisions
Fee Switch
OFFEquity Statement
Interop Labs (core development team) & Axelar IP acquired by Circle. This acquisition excludes network operations and token involvement, meaning the DAO & Axelar Foundation remain independent, and were not beneficiaries of the acquisition.
Economic Rights
Value CaptureBuybacks
N/ADividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
Raise History
5 rounds · $143.75m total| Date | Amount | Round | Valuation | |
|---|---|---|---|---|
| Mar 11, 2025 | $30m | Private token sale | — | |
| Mar 16, 2022 | $50m | ICO | — | |
| Feb 17, 2022 | $35m | Series B | $1b | |
| Jul 15, 2021 | $25m | Series A | — | |
| Nov 13, 2020 | $3.75m | Seed | — |
- Fundraising
- Equity
- Equity Revenue Capture
- Yes
- Associated Entities
- Labs (Equity)DAOFoundation
- IP & Brand
- Labs