Axelar provides a decentralized network and tools that help connect dApp builders with multiple blockchain ecosystems, applications, and users for frictionless cross-chain communication. Axelar consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication.

Powered by a decentralized open network of validators, anyone can join the network, use it, and build on it. The Axelar network makes cross-chain communication as simple as using HTTP/HTTPS protocols on the web.

Platform developers can plug their blockchains into other ecosystems, and application builders can leverage a simple protocol and API to access global liquidity and communicate with the entire ecosystem.

The Axelar team has deep roots in distributed systems, consensus, and cryptography. The venture is backed by Binance X, Coinbase Ventures, DCVC, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures, Cygni Labs, and others.

from axelar.core.fact_msg_attributes
where ATTRIBUTE_KEY = 'destinationChain'
and TX_SUCCEEDED = 'TRUE'

from axelar.core.fact_msg_attributes

case when attribute_value like '%uaxl%' then 'AXL' 
when attribute_value like '%uusdc%' then 'USDC' 
when attribute_value like '%ibc/6F4968A73F90CF7DE6394BF937D6DF7C7D162D74D839C13F53B41157D315E05F%' then 'UST' 
when attribute_value like '%ibc/9117A26BA81E29FA4F78F57DC2BD90CD3D26848101BA880445F119B22A1E254E%' then 'ATOM' 
when attribute_value like '%weth-wei%' then 'ETH' 
when attribute_value like '%ibc/4627AD2524E3E0523047E35BB76CC90E37D9D57ACF14F0FCBCEB2480705F3CB8%' then 'LUNA' 	
when attribute_value like '%wbtc-satoshi%' then 'WBTC'  end as assets 

where MSG_TYPE = 'coin_spent'
and ATTRIBUTE_INDEX = 1

Bridge per user type

The highest USD volume in total belongs to more than 10 transactions category. The total USD volume of more than 10 transactions is almost 160 million.

The highest USD volume was on October 28th.

The average USD volume was the most on October 9th.

In total the average USD volume was the most on 6 to 8 transactions.

The average USD volume of 6 to 8 bridges is 2397 USD.

Number of user

• The highest number of users who had bridge transactions was on October 28th. On this day, of all the users, 334 users had more than 10 transactions,316 users had 3 to 5 transactions, 291 users had only 1 transaction, 199 users had 2 transactions, 152 users had 6 to 8 transactions and 64 users had 9 to 10 transactions,
• In total, the highest number of users had only 1 bridge transaction.
• The total number of users who had 1 transaction is 7670.

Number of bridge

The highest number of bridges transactions was on October 28th. On this day, 1776 transactions was more than 10 bridges.

In total, the number of transactions that had more than 10 bridges was the most.

The total number of transactions that had more than 10 bridges is 54.4k.

USD volume

Users Breakdown based on user type

The highest number of users had 2 transactions.

The total number of users who had 2 transactions is 51.7k.

Per wallet size

The highest number of users who had bridge transactions had between 1 to 10 USD in their wallets.

The total number of numbers who had between 1 to 10 USD is 17.3k.

Number of users

Number of bridge

USD volume

Wallet Size breakdown

Chain and user type