Try Quests to earn AXL$AXL Token Recap
Axelar
Axelar is a permisionless network and gateway that enables you to build secure cross-chain applications. Satellite is a web app built on top of the Axelar network. Satellite, and other bridges built on Axelar, cryptocurrency holders can transfer their assets from any connected chain, to any connected chain. This opens up new possibilities for ways to use their cryptocurrencies, without swapping them for other tokens.
Osmosis
Osmosis is a proof of stake blockchain that serves as an automated market maker (AMM) protocol for the Cosmos ecosystem. AMMs are typically pools of digital assets managed by a smart contract used to enable decentralized trading. The liquidity pools and smart contracts replace the order book system; liquidity providers lock their assets into the pool and earn fees when people trade in these pools.
Scopes
- AXL Price and Swapping Stats
- Traders and Holders in the last 30 days
- AXL Actions in Osmosis
- Bridges to/ from Osmosis through Axelar Satellite
- Liquidity Pools
Method
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we will look at the swapping, holding, and AXL liquidity over time and also in the last 30 days.
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I extract the satellite bridge data using axelar.core.fact_transfers table.
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I use osmosis.core.dim_prices to extract the assets price data.
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$AXL Contract:
ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E
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AXL/OSMO is the only pool in osmosis for AXL and the pool number is #812
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hold time: I used two approaches, first one is to extract all buy and sell for each trader and calculate the average time between these trades so we have a number of each trader. the second approach is to calculate the time between each buy and sell by a trader (without calculating the average of all trades for each trader)
🟠 Observations
- the number of buy swaps is higher than sell swaps and swappers
- as of today, 21.12K buy swaps were executed but only 10.25K sell swaps occurred
- Top Asset users swapped for/from AXL are ATOM, USDC, and OSMO
- sell swaps have bigger average size, and for example on Nov 9th, after FTX collapse and sell pressure in the market, the selling average reached $1397 but the average buy size was $787
AXL Balance in Axelar Network
- 42.8 percent (3654 wallets) of Axelar wallets have between 100 and 1K AXL
- 23.9 percent (2037 wallets) have 10 - 100 AXL
- 4.5 percent of wallets have more than 10K AXL
Axelar Bridge
AXL Liquidity Pools
🟠 Observations
- the only AXL pool is AXL/OSMO and as of today, it has $2.31M liquidity. OSMO share is $1.22M and AXL share is $1.09M
- the Net Flow On the initial day on Sep 27th is $945.37K AXL and $808.35K. the total deposited volume was $1.499M and the withdrawal volume was $300.14K
- in the first three weeks, the number of actions and users was high but it dropped and in the last weeks, there are under 20 users and actions per day.
- the liquidity is constant on average and we don’t see a big drop or increment in liquidity.
🟠 Observations
- Terra has the highest number of AXL bridges but it collapsed in May and stopped working
- the Most number of bridges went to Avalanche, Polygon, Osmosis, and Ethereum with 126.39K, 11.55K, 72.86K, and 68.74K bridges
- in terms of bridge volume, Ethereum is much higher than the other chains with $19.53M. Osmosis with $1.52M is in second place.
🟠 Observations
- most traders (1865 users) that have bought AXL tokens in the last 30 days, sold all tokens. 43 users bought more AXL, 16 users sold above 50%, 6 users sold under 50% and 1 user had no movement.
- the average number of days that traders hold their bought AXL is under 1 Day for 47.2 percent of traders. 12.4% of traders held between 1 and 3 days. 4.22% held between 14 and 21 days and 1.58% held for above 21 days
- in 29.3% of trades, users sold their bought AXL after 3 - 7 days. 25.9% sold after 1 - 3 days. 12.3% only held for under 1 day
AXL Actions in Osmosis Chain
Trading and Holding Status in the last 30 days
💡 Conclusion
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the number of buy swaps is higher than sell swaps and swappers. as of today, 21.12K buy swaps were executed but only 10.25K sell swaps occurred. also sell swaps have a bigger average size.
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Top Asset users swapped for/from AXL are ATOM, USDC, and OSMO
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42.8 percent (3654 wallets) of Axelar wallets have between 100 and 1K AXL. 23.9 percent (2037 wallets) have 10 - 100 AXL. 4.5 percent of wallets have more than 10K AXL
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the best IBC transfer route is Axelar to Osmosis and Vice Versa. the other chains have too low bridge volume
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The top action users are doing in the Osmosis chain by AXL token is swapping. as of today, 31.3K swap transactions were executed by AXL token. the IBC Transfer out of Osmosis is the second action by 11.76K transactions and 4227 users
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most traders (1865 users) that have bought AXL tokens in the last 30 days, sold all tokens. 43 users bought more AXL, 16 users sold above 50%, 6 users sold under 50% and 1 user had no movement.
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Traders Hold Time:
- the average number of days that traders hold their bought AXL is under 1 Day for 47.2 percent of traders. 12.4% of traders held between 1 and 3 days. 4.22% held between 14 and 21 days and 1.58% held for above 21 days
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Time Between Each Trade:
- in 29.3% of trades, users sold their bought AXL after 3 - 7 days. 25.9% sold after 1 - 3 days. 12.3% only held for under 1 day
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the Most number of bridges went to Avalanche, Polygon, Osmosis, and Ethereum with 126.39K, 11.55K, 72.86K, and 68.74K bridges
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in terms of bridge volume, Ethereum is much higher than the other chains with $19.53M. Osmosis with $1.52M is in second place.
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the only AXL pool is AXL/OSMO and as of today, it has $2.31M liquidity. OSMO share is $1.22M and AXL share is $1.09M
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the liquidity is constant on average and we don’t see a big drop or increment in liquidity.