Last week was another eventful week in crypto, as we saw a run on SVB and subsequent bailout by the FDIC. When similar liquidity issues happened surrounding FTX, bridges experienced a surge of volume. Let's see if something similar occurred last week.

Analyze transfer volumes over Satellite and Squid from different sources/destinations. Highlight any changes around the time of the SVB bank run. Use two time points. The two weeks leading up to the SVB panic, and then how this volume compared to the FTX collapse.

Additionally, compare Axelar's usage with that of their competitions (for ex: LayerZero, Wormhole, Hop, Multichain).

The following tables were used to create this dashboard: axelar.core.fact_msg_attributes && crosschain.core.fact_hourly_prices && crosschain.core.dim_asset_metadata && optimism.core.fact_token_transfers && ethereum.core.fact_hourly_token_prices && arbitrum.core.fact_token_transfers && polygon.core.fact_token_transfers && ethereum.core.fact_token_transfers && ethereum.core.ez_eth_transfers

The information of this dashboard is from 180 days ago until today, which includes the events before the fall of FTX and the fall of SVB.

In this dashboard, we have compared two weeks before the fall of FTX with two weeks before the fall of SVB.

Satellite is one of the first ecosystem applications powered by the Axelar Network. Satellite is a decentralized cross-chain asset transfer application, which enables users to transfer assets they hold on a source chain to an address on a different destination chain. Upon launch, Satellite will support the transfer of native Terra assets such as LUNA and UST between several EVM and non-EVM chains such as Terra, Avalanche, Polygon, Ethereum and Fantom, with Moonbeam added shortly thereafter. Multiple networks and assets will be added in the coming weeks and months. Read more : https://golden.com/wiki/Satellite_bridge-BYAB3MK

Squid is delivering the cross-chain future for both developers and users. For developers, Squid is a protocol that enables cross-chain liquidity routing and swaps through a single Javascript software development kit (SDK). This routing allows for the swapping of any tokens across all the supported chains, by connecting users to liquidity pools on dexes anywhere in Web3. Read more : https://axelar.network/blog/cross-chain-liquidity-via-squid

Author: Hojjat ==== Discord: hojjat7878#8809 ==== Twitter: @hojjat8d ==== Email: hojjat78delshad@gmail.com ==== THANK YOU FOR READING!