AXL Listed on Hyperliquid Spot Market

Today, Axelar Foundation announced the listing of AXL for spot trading on the Hyperliquid platform. Trading, deposits and withdrawals are now live. 

About AXL

AXL is the native utility and governance token of the Axelar Network. AXL holders stake with Validators that secure the Axelar network protocols, and receive rewards in return; current reward APR is available at axelarscan.io.

With the Cobalt upgrade (v1.2.1) in 2025, AXL’s tokenomics and utility have expanded. Transaction fees in AXL are sent to a burn address, and newly connected blockchains contribute AXL into reward pools that compensate Verifiers. 

This design allows the network to scale permissionlessly and support an unlimited number of blockchain connections. AXL’s utility expands with each new network connection.

Why this listing matters

Hyperliquid is a decentralized exchange, designed for high-performance onchain perpetual futures trading. In 2025, Hyperliquid expanded into spot trading with a permissionless model that allows any project to deploy a token and create trading pairs without listing fees or centralized approval. 

Listing AXL on Hyperliquid’s spot market expands AXL market access and tradability, giving traders direct access to a token integrated with a dynamic multichain ecosystem.

Trading details

Pair: AXL/USDH (spot)

Listing page

Trading, deposits and withdrawals are available now on Hyperliquid through Unit Protocol and Fullport Finance. 

Please ensure you are using the correct deposit addresses and verify contract information before sending funds. Trading crypto involves risk; participate only with assets you understand.

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