API3 vs AXS
API3 and Axie Infinity scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
API3 scores 99 of 250 and ranks 147th of 251. AXS scores 76 and ranks 225th. API3 leads by 23 points, which is a real gap, though small enough that one variable moving would close much of it. API3 takes 18 of the 25 variables, AXS takes 0, and 7 are level.
One variable separates them by 3 points or more. API3 is clear on Circulating / FDV Ratio (7 against 4).
Both score 3 or below on Protocol Revenue, Revenue Trend, Buyback and Burn, Smart Money Flows, TVL Trend, Active Users and 6 more. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
AXS is valued at $207.3M against $45.0M for API3, a 4.6x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 3 | 3 | level | |
| Revenue Trend | 3 | 2 | API3 +1 | |
| P/S Multiple | 5 | 3 | API3 +2 | |
| Real Staking Yield | 4 | 3 | API3 +1 |
Supply
| Supply Inflation | 5 | 4 | API3 +1 | |
| Vesting Schedule | 5 | 3 | API3 +2 | |
| Circulating / FDV Ratio | 7 | 4 | API3 +3 | |
| Buyback and Burn | 3 | 3 | level |
Ownership
| Smart Money Flows | 3 | 2 | API3 +1 | |
| Insider Selling | 4 | 3 | API3 +1 | |
| Holder Concentration | 4 | 3 | API3 +1 |
Traction
| TVL Trend | 3 | 2 | API3 +1 | |
| Active Users | 3 | 3 | level | |
| Developer Activity | 5 | 4 | API3 +1 | |
| Network Growth | 3 | 2 | API3 +1 |
Position
| Market Share | 3 | 3 | level | |
| Competitive Moat | 3 | 3 | level | |
| Institutional Adoption | 3 | 2 | API3 +1 | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 3 | 3 | level |
Risk
| Regulatory Safety | 6 | 4 | API3 +2 | |
| Catalyst Calendar | 4 | 3 | API3 +1 | |
| BTC Alpha Potential | 3 | 2 | API3 +1 | |
| Team Execution | 4 | 3 | API3 +1 | |
| Treasury Runway | 5 | 4 | API3 +1 |
Bars read outward from the centre: API3 to the left, AXS to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| API3 | AXS | |
|---|---|---|
| Price | $0.3069 | $1.19 |
| Market cap | $45.0M | $207.3M |
| Circulating | 78.7% | 64.7% |
| Dilution to full supply | 1.27x | 1.54x |
| Off all-time high | -97% | -99.28% |
| To recover the high | 33.3x | 138.9x |
| Total value locked | not published | not published |
| Network | Ethereum | Ethereum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
API3 · PASS
OEV Network capturing MEV from oracle updates and redistributing to dApps
Chainlink's dominance in integrations makes API3 a distant second-choice for most protocols
AXS · PASS
Axie Infinity Origins gaining mainstream mobile adoption and classic Axie revival
AXS/SLP tokenomics were Ponzi-structural; 99.3% ATH drawdown reflects the model was never sustainable
Common questions
- Is API3 or AXS the better investment?
- On this framework API3 scores higher: 99 against 76 of 250, and it is rated PASS against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and API3 still wins 18 of the 25 individual variables against AXS.
- What is the biggest difference between API3 and AXS?
- Circulating / FDV Ratio. API3 scores 7 of 10 there and AXS scores 4, a gap of 3 points on a single variable.
- Which is bigger, API3 or AXS?
- API3 is valued at $45.0M and AXS at $207.3M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.