defirisk.co
rubric v1.7.0

Governance token concentration (Gini)

Axelar Network's assessment for RD-F-047 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

AXL governance token holder Gini not computed in this session. Axelar uses quadratic weighting (square root of stake) for validator voting power which partially mitigates concentration vs linear-weighted systems. Full token-holder Gini and top-10 share require on-chain scan not performed here.

Sources #

Methodology #

Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol axelar factor RD-F-047 score gray collected_at 2026-05-16 21:57:49