Axis, an on-chain revenue protocol, has successfully raised $5 million in a private funding round led by Galaxy Ventures. The round saw participation from notable investors including OKX Ventures, FalconX, GSR, Maven 11, CMS Holdings, and Marc Zeller, founder of the Aave Chan Initiative. The funding round was oversubscribed four times, highlighting strong investor interest. Axis aims to introduce market-neutral strategies on-chain and has already deployed $100 million in capital during its closed beta phase, achieving a Sharpe ratio of 4.9. The protocol offers yield products through a multi-asset yield hub, with its first dollar-pegged asset, USDx, generating yield via an arbitrage engine. Future plans include expanding to Bitcoin and gold assets. Axis will operate on Plasma, a stablecoin chain supported by Bitfinex, to lower costs, and will integrate Chainlink proof-of-reserve and Veda custody. The team plans to launch its first Origin Vault this year, targeting up to $1 billion in deposits before a public token sale and full protocol launch in early 2026.