INTRODUCTION

What is Axelar?

Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets, and users to deliver Web3 interoperability. It is a full-stack decentralized transport layer, meeting the growing demand for cross-chain services with maximum blockchain security and composability.

Axelar has three components:

1. A decentralized network.
2. A set of gateway smart contracts that provide the connectivity between the Axelar Network and its interconnected external chains.
3. A software development kit (SDK) of protocols and APIs.

In short, Axelar is a blockchain infrastructure that enables users who own assets on one blockchain to use these assets in any application on any other blockchains, securely. It allows developers to build on the best platform for their use case, providing connections to users, assets and data on every other ecosystem, without excessive gas fees, additional development costs or rolling out their own cross-chain infrastructure. Like the overlay networks that provide core internet infrastructure, Axelar provides an ecosystem with services that are otherwise unavailable, expensive or inefficient. It sits on top of other networks, and by virtue of having global “visibility” into other networks, it can provide better quality of service.[source : medium.com]

Welcome to Axelar! What better to way to get used to Axelar data than to analyze how people enter the ecosystem? With that in mind, analyze the activity that occurs on Axelar's Satellite Bridge. Since inception, what are the top paths over Satellite. by volume and $ amount? What is the most used token to transfer (USDC, wETH, wAXL, etc.)?

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Top analyses will show bridging activity since inception and analyze how that has changed over time.

first analyze totally on Ecosystem based on unique user ,  transfer transaction and amount of transfer in to Axelar

As you see we conclude in Axelar:

• the total unique user is 78.6 K.
• the total amount of successful transactions is 244K.
• the amount of transaction is 22.3B.
• and the total amount of transfer is 3.147* 10^18.

As you see we conclude in Axelar:

• ULUNA with a huge amount ( 21.86B ) is the most popular token transferred in Axelar .
• after that uusd with 192.73M, uusdc with 170.38M and uusdt with 12.97M are the most popular token transferred in Axelar .

in top 10 token transferred out from Axelar based on amount story is a little different .

As you see we conclude in Axelar:

• uaxl with 3.46M , inj with 3.01M and uusdc with 1.862M are most popular token transferred out from Axelar.

There are some other analyze based on transfer that you can see below:

we can conclude UAXL with 3.46M and 90.9% percent of whole is most token that transferred out from Axelar based on tx count

from above we can conclude uusd with 60237 and 37.4%, uusdc with 46817 and 29.1% and uluna with 36395 and 22.6% are 3 popular tokens transferred to Axelar network based on tx count.