Transfare Comparison between Cosmos/Osmosis/Axelar

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    Number of Transfers

    • Number of transfer: Total number of transfer executed between 3 networks
    • Weekly/Yearly number of transfer: Total number of transfer executed between 3 networks per week/year.

    Graphs above representing transfer count status between 3 networks.

    • 31.6M transfers has been executed among them in which Osmosis has most share which is 2.1 times of Cosmos which is second most network.

    • On weekly chart we see that over all trend for number of transfers is fluctuated which peeked highest on second week of March with 3M transfers and decreased since, also we see that Osmosis is dominant network throughout the time frame. unlike other 2 networks Axelar has increasing trend towards 2023.

      Most number of transfers on a week happened on second week of May 2022 with 2,784,938 transfers on Osmosis network.

    • On yearly chart we see that all 3 networks reach their maximum on 2022 in which Osmosis has most number of transfers on 2022 with 18.3M

      On 2021 Osmosis had 1.83 times more transfers than Cosmos and 175K times more transfers than Axelar

      On 2022 Osmosis had 2.2 times more transfers than Cosmos and 51 times more transfers than Axelar

      On 2023 Osmosis had 1.71 times more transfers than Cosmos and 13 times more transfers than Axelar

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    Volume of Transfers

    • Volume of transfer: Total volume of transfer executed between 3 networks
    • Weekly/Yearly volume of transfer: Total volume of transfer executed between 3 networks per week/year.

    Graphs above representing transfer volume status between 3 networks.

    • 11.7B volume of transfers has been executed among them in which Osmosis has most share which is 36 times of Cosmos which is second most network.

    • On weekly chart we see that over all trend for volume of transfers is bullish which peeked highest on last week of January 2023 with 2.5B volume of transfers and decreased since, also we see that Osmosis is dominant network throughout the time frame. all networks has increasing trend towards 2023.

      Most volume of transfers on a week happened on last week of January 2023 with 2,461,834,463 volume of transfers on Osmosis network.

    • On yearly chart we see that Osmosis and Cosmos reach their maximum on 2022 and Axelar reaches its maximum on 2023, in which Osmosis has most volume of transfers on 2022 with 7.4B

      On 2021 Osmosis had 40M times more volume of transfers than Cosmos and 1.75*10^15 times more volume of transfers than Axelar

      On 2022 Osmosis had 493 times more volume of transfers than Cosmos and 672 times more volume of transfers than Axelar

      On 2023 Osmosis had 2K times more volume of transfers than Cosmos and 11 times more volume of transfers than Axelar

    Number of Unique Transferring Receivers

    • Number of unique transferring receivers: Total number of active unique transferring senders between 3 networks
    • Weekly/Yearly number of unique transferring receivers: Total number of active unique transferring senders between 3 networks per week/year.

    Graphs above representing unique transferring receiver count status between 3 networks.

    • 3.7M receivers has been active among them in which Osmosis has most share which is 1.22 times of Cosmos which is second most network.

    • On weekly chart we see that over all trend for number of receivers is bearish which peeked highest on last week of February with 322K receivers and decreased since, also we see that Osmosis is dominant network throughout the time frame. all networks has decreasing trend towards 2023.

      Most number of transfers on a week happened on last week of February 2022 with 208,007 receivers on Osmosis network.

    • On yearly chart we see that all 3 networks reach their maximum on 2022 in which Osmosis has most number of receivers on 2022 with 1.7M

      On 2021 Osmosis had 0.78 times more receivers than Cosmos and 28K times more receivers than Axelar

      On 2022 Osmosis had 1.24 times more receivers than Cosmos and 8.6 times more receivers than Axelar

      On 2023 Osmosis had 1.7 times more receivers than Cosmos and 10 times more receivers than Axelar

    Graphs above representing unique transferring sender count status between 3 networks.

    • 2.6M senders has been active among them in which Osmosis has most share which is 1.22 times of Cosmos which is second most network.

    • On weekly chart we see that over all trend for number of senders is bearish which peeked highest on second week of March with 281K senders and decreased since, also we see that Osmosis is dominant network throughout the time frame. all networks has decreasing trend towards 2023.

      Most number of transfers on a week happened on first week of March 2022 with 166,400 senders on Osmosis network.

    • On yearly chart we see that all 3 networks reach their maximum on 2022 in which Osmosis has most number of senders on 2022 with 1.37M

      On 2021 Osmosis had 1.42 times more senders than Cosmos and 53K times more senders than Axelar

      On 2022 Osmosis had 1.43 times more senders than Cosmos and 15.2 times more senders than Axelar

      On 2023 Osmosis had 1.2 times more senders than Cosmos and 14.5 times more senders than Axelar

    Number of Unique Transferring Receivers

    • Number of unique transferring receivers: Total number of active unique transferring senders between 3 networks
    • Weekly/Yearly number of unique transferring receivers: Total number of active unique transferring senders between 3 networks per week/year.

    Number of Transfers & Transactions per Minute

    • Weekly number of transfers/transactions per minute: Total number of transfers/transactions executed per minute between 3 networks per week.
    • Line chart above on the left represents transfer count per minute between 3 networks and as we see transfers per minute of Osmosis is dominant over other 2 networks throughout the time frame which maxes out on last week of March 2022 with 36 transfers per minute.

      Its over all trend is fluctuated which peeks highest on last week of March 2022. Axelar shows more increasing trend towards 2023 compared to other networks.

    • Line chart above on the right represents transaction count per minute between 3 networks and as we see transactions per minute of Osmosis is dominant over other 2 networks throughout the time frame which maxes out on third week of July 2022 with 204 transactions per minute.

      Its over all trend is fluctuated which peeks highest on third week of July 2022.

    Top 10 Senders/Receivers of 3 networks

    • Top 10 senders of Cosmos/Osmosis/Axelar: Top 10 senders of Cosmos/Osmosis/Axelar based on their transfer count
    • Two donut charts above on the left are representing top 10 senders & receivers of Cosmos network, and as we see cosmos1t5u0jfg3ljsjrh2m9e47d4ny2hea7eehxrzdgd is most sent user and cosmos1j8pp7zvcu9z8vd882m284j29fn2dszh05cqvf9 is most received user.
    • Two donut charts above in the middle are representing top 10 senders & receivers of Osmosis network, and as we see osmo1eedv523xngwrx7sy7dznmslp9c75qe92z4qfkr is most sent user and osmo1eedv523xngwrx7sy7dznmslp9c75qe92z4qfkr is most received user.
    • Two donut charts above on the right are representing top 10 senders & receivers of Axelar network, and as we see axelar1gj77tv2qj49qp2df44mlcwn353n6eml6a7jq5l is most sent user and terra1u8xlzsfuxe0lv6u2ws2zymrnnlc9pmyynu7pym is most received user.

    Introduction

    • ==Osmosis==:

      Osmosis is an automated market maker (AMM) built on Cosmos that enables cross-chain transactions through Inter-Blockchain Communication (IBC). This gives the protocol an added layer of interoperability and composability.

    • ==Cosmsos==:

      The Cosmos Network is a decentralized network of independent, scalable, and interoperable blockchains, creating the foundation for a new token economy.

    • ==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.

    Methodology

    In this dashboard transfer statistics including ==number of transfers, volume of transfers, transferring senders and receivers== has been calculated and explained and compared between Osmosis, Cosmos and Axelar networks.

    My observation includes data of these metrics since March 2021 which extracted using:

    cosmos.core.fact_transfers and cosmos.core.fact_transactions

    osmosis.core.fact_transfers and osmosis.core.fact_transactions

    axelar.core.fact_transfers and axelar.core.fact_transactions

    Insights

    • Osmosis is dominant network among them in all observed metrics which has most dominance on volume of transfers

    • All metric peeked highest on 2022 and decreased towards 2023

    • Even though Axelar has least activity on observed metrics among them but it menages to decrease it’s gap between other 2 networks each year since 2021, this shows Axelar is improving and growing it’s network and attracting users in more speed than other networks.

    • On majority of observed metrics Cosmos improved and grew in comparison with Osmosis in 2022 compared to 2021

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