Introduction

Axelar recently launched its native token, AXL. I went through the AXL token and analyzed these parameters:

Analyzed by Hess - Reading Time Almost 10 Min

Method

AXL/OSMO Pool:

I used osmosis.core.fact_liquidity_provider_actions a table and set pool Id 812. Also, I made a filter for Usmo and AXL token currencies. usmo for Osmo and

ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E for the AXL token. I analyzed both add and remove liquidity by adding

pool_joined and pool_exited.

Swaps

I used the Fact swap table and put the Axl contract address as from and to currency. Then, I joined my findings with dim labels and prices to calculate sales volume.

In my opinion, Axelar had a successful launch. The token price dropped about 10% after launch but the liquidity provided enough to AXL/OSMO pool. Also, More users swapped to AXL in comparison to swaps from AXL. The volume, Transactions to AXL was higher than swaps from AXL.

Liquidity

At the beginning of the AXL launch, Users started to add liquidity. After four hours, the total number of Liquidity providers increased to about 76. Also, The total transactions reached 97 transactions.
The share of Axelar providers was 38% and Osmo 61%.
In the first hour, 1.3M Axl and 890K Osmo were added to AXL/OSMO pool.
In Total, 1.7M AXL and 1.19M Osmo were added.
A large group of users added liquidity one time.
A large group of users added 10-100$ of Osmo and Axl.

Swaps

More users swapped to AXL in comparison to from AXL.
In the first hours, Swaps to and from AXL started.
Most users swapped to AXL by USDC and Swapped from AXL to OSMO based on transactions
Most users swapped to AXL by USDC and swapped from AXL to USDC based on volume.

Full Analysis:

ALL CONTENTS AND CODES WERE WRITTEN BY HESS

:writing_hand: Twitter: @hessaminanloo

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:calendar: Analyze Date: 2022/SEP/29