Introduction

Axelar network is a blockchain that connects blockchains, enabling universal Web3 interoperability. The network is secured using proof-of-stake consensus, and messages are routed and translated using permissionless protocols. As an analogy, Axelar is like Stripe for Web3. Axelar delivers secure cross-chain communication for Web3. Our infrastructure enables dApp users to interact with any asset or application, on any chain, with one click.

Axelar is composed of a decentralized network of validators, secure gateway contracts, uniform translation, routing architecture, and a suite of software development kits (SDKs) and application programming interfaces (APIs) to enable composability between blockchains. This allows developers to build on the best platform for their use case, while being able to access users, assets and applications in every other ecosystem. Instead of pairwise cross-chain bridges, they can rely on a network architecture that provides a uniform code base and governance structure.Axelar’s ultimate goal is to build the underlying infrastructure for onboarding the next billion people onto Web3. In order to achieve this goal, Axelar will:

1. Make it easy for blockchain developers to plug in and communicate with other chains.
2. Provide decentralized application (dApp) developers with cross-chain composability.
3. Allow users to interact seamlessly with applications across multiple ecosystems.

The Axelar SDKs provide a rich suite for developing Web3 applications, ensuring that developers have the tools they need for building. With these tools and APIs, developers can use the Axelar network and its SDKs to write dApps that can be easily deployed across all Axelar-connected ecosystems. In other words, Axelar distills cross-chain interoperability down to a simple set of API requests. This is absolutely central to adoption, as the developer experience around deploying Web3 applications must be like the experience today for Web2 developers, where the underlying networking and ecosystem-specific deployment considerations are largely abstracted away.

Methodology

in this dashboard we are going to anayze Axelar Bridge transactions Before and After FTX Bankruptcy

the main tables i use : axelar.core.fact_msg_attributes. and ethereum.core.ez_eth_transfers

ethereum.core.ez_token_transfers

ethereum.core.dim_labels

Based on the above and left charts, there was huge increasing activity of bridges via Satellite during the FTX & Alameda collapse especially in terms of volume. We can obviously see the high spikes especially on 9th November on the Axelar's Satellite bridge on during this timespan.

The average volume of swaps have also increased signifnicatly during the collapse.

On the above charts, we can more obviously see that the average daily number and volume of bridges and also number of bridges after the collapse have increased significantly compared to the days before this timespan.

We can almost see 1.5x more activity after the FTX collapse timespan.

Also on the above chart, we can see the number of bridges with high volume (more than $10000) has increased significantly after the collapse timespan and on the other hand, there is decreasing number of low-volume bridges (less than $10) on this timespan.

On the above charts, we can see Ethereum is by far the most popular destination chain of bridges via satellite (in terms of number of bridge and bridgers and also volume of bridges) during the FTX & Alameda collapse.

On the second rank, we can see Osmosis (as a decentralized exchange platform that gained more popularity because of the Centralized Exchanges crisis and risk of bankruptcy) and Polygon is on the 3rd rank of this ranking.

On the above charts, we can see AXL token was the most bridged asset during the FTX & Alameda collapse but in terms of volume, USDC is by far the most bridged asset via satellite bridge during the FTX & Alameda collapse. (the volume chart is logarithmic so the difference between USDC and other assets is way higher than what you see).

And on the above charts, the increasing share of Ethereum and Osmosis during the FTX collapse is visible on the chart. Totally, Ethereum, Osmosis and Polygon have by far the lead in almost all days of the charts.

On the left chart, we can see the daily Inflow/Outflow and Net-Flow of transfers from FTX to Ethereum over time during the past 14 days.

As we see, the increasint outflow from FTX to Ethereum is clearly visible in majority of days especially from 6th November.

According to the above charts, there was quite increasing outflow activity especially in terms of volume from FTX to the Ethereum chain.

I have filtered out FTX destinations from these data to not include inner transfers within FTX exchange.

Based on the above chart, the wallet address 0x98c3d3183c4b8a650614ad179a1a98be0a8d6b8e that belongs to the MEV.BOT has performed the most outflow transactions from FTX to the ETH during the collapse but in terms of volume, Alameda Research wallet (0x3507e4978e0eb83315d20df86ca0b976c0e40ccb) has by far withdrawn the most volume from the FTX to the Ethereum chain.

Totally, the majority of outflows’ destnations is other exchanges such as Binance & Coinbase.

Dicord : rich_betoo#9127

Twitter : Rih_betoo

in this dashboard i took help from ==Ali3n==

and ==jack the guy== dashboard

some Queries and Definitions copied form Ali3n

thanks alot Dear Ali3en and Jack the guy

thanks gor your time