Axelar AXL Is MASSIVELY Undervalued Right Now

Investment Thesis - Axelar is currently undervalued and overlooked in the market, presenting a potential investment opportunity as the altcoin season approaches [1][2][30] - The project is trading near all-time lows, similar to levels in October 2023, while many other old coins have seen significant gains in the past year [2][10] - The analyst believes Axelar will be a major winner this cycle due to its connections, announcements, and chart patterns [3] Network Activity and Fundamentals - 417 million Axelar tokens are staked, representing 344% of the 121 billion total supply [3][4] - The network experiences 38% annual inflation [4] - Cross-chain activity includes almost 8 million transactions and almost 2 billion in volume [4] - Total Value Locked (TVL) is approximately 126 billion, with over 1100 GMP (General Message Passing) contracts across 81 connected chains [4] - Interchain activity shows 115 thousand transactions and 150 million in volume over the last 30 days [7] Technological Developments and Partnerships - Axelar launched the Mobius Development Stack (MDS), which is expected to be crucial for the future of the space and is already being utilized by projects like Sooie, Ripple, Bass, and BNB [5][6] - Axelar and DAL, a leading mobile payment company in Korea, have partnered to build an integrated stablecoin ecosystem [21][26] - The partnership with DAL aims to create a safe and regulation-friendly global standard platform for stablecoins, leveraging Axelar's infrastructure for issuance, distribution, and settlement across 80+ blockchains [23][25][27] Developer Activity and Market Cap Comparison - Axelar ranks fifth in top 10 RWA (Real World Asset) crypto projects by developer activity, surpassing projects like Chia, Vchain, Injective, and Hedera [13][14][15] - Axelar has 8147% developer activities in the last 30 days [16] - Axelar's fully diluted market cap is 375 million, significantly lower than projects with less developer activity, such as Hedera (1029 billion) and Injective (145 billion) [15][16][17] Ecosystem Expansion - Fullport Finance, a trading platform for perpetuals, is powered by Axelar infrastructure [18] - Axelar is supporting the launch of various projects, which are expected to drive value and volume to the network [19]