Axelar - Chain Swaps

    Methodology:

    To perform this dashboard I have used Flipside axelar.core.ez_squid table from the Axelar scheme. First of all as we need to track only activity on new chains I've filtered destination_chain column with only following options

    • umee
    • kujira
    • agoric
    • axelarnet
    • crescent
    • terra2
    • juno
    • evmos
    • stargaze
    • secret
    • osmosis
    • comdex
    • assetmantle

    During the analysis I'll dig into daily transferred volume and number of transactions as well as unique users. I'll compare it to the same metrics of the whole Squid dApp. Also I've analysed user activity and breakdown users based on their activity.

    The last purpose of this dashboard is to breakdown the chain pairs and find the most popular. As we have 5 source chains and 13 destination chains - there should be swap 65 unique pairs.

    Intoduction:

    Axelar - layer 1 blockchain using proof-of stake consensus that enables users to interact with any application, any asset on any blockchain with one click experience, which is essential for the widespread adoption and mainstream use of blockchain technology.

    Squid is a decentralized application built on the Axelar network.
    Since February 23rd users have been able to swap into 13 different Cosmos Chains via Squid. Learn more


    This dashboard will show the activity of swaps on new chains. It's been 2 months since the update that is quite enough to get some insights from the data.