Leader or water-related
Daxon is a modern English invention, likely created as a variant of the name Dax or by combining the 'Dax' sound with the popular '-on' suffix. While Dax is a French place name, Daxon is often associated with the concept of a leader in modern usage or linked to the Old English word for water.
Less common today
Daxon isn't in the latest US Top 1000. It last peaked at #1,359 in 2017.
US births per 5-year period, 1990βpresent (SSA data).