Is Axelar a scam?
Asked about Axelar (AXL), market cap rank #458.
Short answer
Axelar (AXL) has been scored on isthiscoinascam.com and has a high score, indicating low scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Token supply can be minted by the owner
- No hard cap on total token supply
- Owner can change any wallet's balance
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
Positive signals
- Multiple externally published security audit reports for Axelar-related gateway components (e.g., Common Prefix)
Security audits
1 audit on record.
- Common Prefix — unknown
See the full report
Full report for Axelar — including the exact score, rating letter and full breakdown — requires a registered account.
Open the full Axelar report →