I don't know maybe it's just me but the axion bolt seems incredibly underwhelming to me, both in the crucible and pve. In the crucible most of the time it won't even take down a shield. Usually it only takes the shield down by 2/3 if that. A lot of the time it ends up sputtering out even though it lands close enough that it should start tracking enemies so it gets wasted while with most other grenade I could take out groups even the tracking grenades hunters have are far more effective. Not even the voidfang armor seems to do much to buff it. Not only is it not good at pvp but it's terrible in PVE. There's nothing worse then watching it stagger mobs that it should be killing. Axion bolt should be more effective given that by using it you are giving up the ability to do AOE and damage and the trade off should be higher damage to the individual targets. I realize that it tracks but it's pretty easy to avoid most of the time and of course that's if it doesn't sputter out uselessly before getting a target. It's a high risk weapon and with being high risk it should have a better payoff. I'm not saying it should be a one hit kill but at least make it practical. Then again maybe it's just me, but that's why I made the poll to see if other people feel the same way about it as I do.
Edit: so a few people have helped out a lot and made some excellent recommendations for my build. And it's doesn't seem as bad now I do think it could still use a bit more punch. But it actually is far more usable then I thought.
Edit 2: so here's where I'm at now. Leave the damage where it's at don't make it track any faster or more aggressively leave all that the same. Either give it a slightly wider radius to lock on or give it a few seconds after it lands for it to get a lock. so that if it doesn't get a target immediately they can't just run through it. That would make you far less likely to waste it and give a very slight area denial effect.
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It's meant to be used to give you an idea where someone is in the next room, and to chase them out of hiding. It doesn't matter if it doesn't hit them, it gets them moving and they can't fight you and avoid the bolt. Just throw it in a room, watch the direction the bolts head, and go in and clean up