Observations

• Ethereum is the destination of 10% - 30% of the AXL Satellite Bridge transactions but makes up between 50% - 80% of the transaction volume.
• In August 30% - 50% of the transfer from Axelar went to Kujira
• Osmosis, Kujira, Ethereum, and Polygon have been the most popular chains to send AXL to

AXL/OSMO Swap Activity

AXL Token Transfers on Satellite Bridge by Target Chain

Observations

• The majority of IBC transfers from Axelar to Osmosis are transferring the AXL token
• USDC makes up the vast majority of IBC transfer volume to Axelar to Osmosis
• In total nearly $25 Million has been transferred from Axelar to Osmosis using IBC

AXL Token Transfers on Satellite Bridge by Target Chain

Observations

• Since the launch of the AXL/OSMO Pool there has been 32K swaps executed by 6080 wallets.
• Most of the swaps using the AXL/OSMO Pool also used another Osmosis pool in the same swap.

What is Cosmos?

Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain.

What is Axelar?

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.

What is the Satellite Bridge?

Satellite is a web app built on top of the Axelar network. Use it to transfer assets from one chain to another.

Methodology

In this dashboard, we are looking at the activity on the satellite bridge. Additionally, we are looking to see what groups of users are most active on the bridge.

Sections

1. AXL Token Transfers on Satellite Bridge by Target Chain
2. AXL Token Transfers on Satellite Bridge by Target Chain
3. AXL/OSMO Swap Activity

Conclusion

• AXL Token Transfers on Satellite Bridge by Target Chain
  • Ethereum is the destination of 10% - 30% of the AXL Satellite Bridge transactions but makes up between 50% - 80% of the transaction volume.
  • In August 30% - 50% of the transfer from Axelar went to Kujira
  • Osmosis, Kujira, Ethereum, and Polygon have been the most popular chains to send AXL to
• AXL Token Transfers on Satellite Bridge by Target Chain
  • The majority of IBC transfers from Axelar to Osmosis are transferring the AXL token
  • USDC makes up the vast majority of IBC transfer volume to Axelar to Osmosis
  • In total nearly $25 Million has been transferred from Axelar to Osmosis using IBC
• AXL/OSMO Swap Activity
  • Since the launch of the AXL/OSMO Pool, there has been 32K swaps executed by 6080 wallets.
  • Most of the swaps using the AXL/OSMO Pool also used another Osmosis pool in the same swap.