Axelar recently launched its native token, AXL, and we're celebrating with some bounties!

Question:

For this bounty, analyze the activity within the AXL/OSMO pool (#812), as well as trading activity on the Osmosis DEX. Note any trends or outliers you see.

BONUS: The best dashboards will update over time.

Overview of analysis:

In this dashboard the following parts have been placed based on the question and identification of AXL/OSMO pool application:

• The liquidity providing actions
• The DEX and swap analysis
• User behavior on AXL/OSMO pool.

About Axelar and its native token AXL

The Axelar network serves as the infrastructure for inter-chain exchanges. Excel acts as both a bridge and a platform for cross-chain communication between smart contract protocols. Excell's bridging makes it possible to send tokens across different blockchains, while Excel's second feature allows decentralized applications to run on different networks.

Recently Axelar announced the launch of its native token called AXL.

> With AXL token release schedules beginning today, the Axelar network reaches a new level of decentralization, and establishes itself as the most secure and richly featured cross-chain network available. > > September 27, 2022

Methodology:

The data provided by Flipside has been used to handle this analysis.

• The liquidity providing action:

  from osmosis.core.fact_liquidity_provider_actions where POOL_ID='812'

  Action in ('pool_joined','pool_exited')

• The Swap analysis:

  from osmosis.core.fact_swaps where POOL_IDS[0]=812 and TX_STATUS='SUCCEEDED'

• User retention:

  case when no_transaction=1 then 'One time users'

  when no_transaction>1 then 'More than 1 transaction'

Part 1: Analysis on LP activity of AXL/OSMO pool

Findings:

As said in the first part we want to analyze the liquidity providing actions on AXL/OSMO pool and the results are:

• Most of the users (about 98.7%) provide liquidity and a very tiny share of them remove liquidity.
• The exact volume of provided and removed liquidity by AXL and OSMO token shown in the bar chart and the volume of AXL is high due to its price.
• Most of the LP actions are LP providing as expected.
• In the first day of announcement the LP providing actions were higher than other days.
• From the transactions related to the LP actions, about 84% of them are used for LP_token_minted.

Part 2: Analysis Swaps on AXL/OSMO pool

Findings:

In the second part, the swap analysis on AXL/OSMO pool has been executed and the outcomes are as below:

• It should be notice that the swaps on Osmosis network can be executed by combination on more than 1 pools.

• The number of swaps and unique swappers were high in the first day of announcement.

• Also, the volume of tokens used in the swaps interacted with the AXL/OSMO pool was high on September 27, 2022.

• The most used tokens for swap by interaction with AXL/OSMO pool are shown in the bar graph. According to this graph, the OSMO, COSMOS and USD coin are the top three tokens by number of swaps.

Findings:

Finally investigate on the users behavior about AXL/OSMO pool and the following statements have been drawn:

• About 78.4% of users interacted with the AXL/OSMO pool only made swaps and the 21.6% of users provide liquidity to AXL/OSMO pool and made swaps.
• The 127 unique users have been participated on both liquidity providing and executing swaps on AXL/OSMO pool.
• The users retention on Liquidity providing is more than swaps and about 65% of users provide liquidity more than 1 times.
• The 52% of unique swappers only made swap on AXL/OSMO pool for just one time.

References and useful links:

• Announcement of Axelar token
• Axelar on Medium
• Axelar on GitHub

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani

Part 3: User analysis