Liquidity depth per major asset
Axelar Network's assessment for RD-F-065 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Bridge liquidity depth cannot be assessed via DEX subgraph (Dune Analytics 403; no direct subgraph for Axelar-wrapped asset pools retrieved). mintLimiter rate caps on major assets (USDC, FRAX, ETH per security docs) exist but specific numerical limits are undisclosed. axlUSDC is the most liquid axl-wrapped asset; axlWBTC and axlWETH exit liquidity depends primarily on bridge-back, not secondary markets. ZIG (~$18.81M in gateway) has thin secondary market liquidity. Without DEX depth data, this factor cannot be reliably graded. Gap documented: Dune 403 is a universal structural barrier per process-learnings.
Sources #
- Curator noteCurator gap note — liquidity depth data unavailableDune Analytics returned 403 on all liquidity-depth queries (universal barrier per process-learnings.md). DEX subgraph for axl-wrapped token pools not retrieved. Gap: specific mintLimiter cap values and axlUSDC/axlWBTC/axlWETH pool depth at 2% slippage not obtainable in this session.retrieved 2026-05-17
- Axelar Security — rate limiting sectionRate limiting confirmed for USDC, FRAX, ETH: 'routing assets with a rate limiting function, putting a cap on how much of each asset can be transferred in a given time interval' — specific caps undisclosedretrieved 2026-05-17
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →