Methodology:

In this dashboard, we are going to check the activity of users after purchasing AXL token and see what users have done with their tokens after purchase. And in order to get this information, we have used the following tables:

• osmosis.core.fact_swaps

• osmosis.core.fact_liquidity_provider_actions

• osmosis.core.fact_transfers

• osmosis.core.fact_daily_balances

• axelar.core.fact_transfers

And the period considered for obtaining this information has passed 30 days.

About:

Axelar Network:

Axelar provides a decentralized network that connects dApp builders with 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.

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Axelar bridge:

delivers secure cross-chain communication for Web3. Secure means Axelar is built on proof-of-stake, the battle-tested approach used by Avalanche, Cosmos, Eth2, etc. Cross-chain communication means you can build a complete experience for your users that lets them interact with any asset, any application, on any chain with one click.

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What is Axelar coin?

Axelar is an overlay network, delivering Turing-complete message passing via proof-of-stake and permissionless protocols. Developers use Axelar to go beyond bridges, creating dApps that securely integrate users, functions and assets across all of the decentralized web.

Observations:

• On the day of writing this dashboard, 2470 users have purchased AXL tokens in the amount of 3.94 million.

• In the last 30 days, 1930 unique users have bought 3.13M AXL tokens.

• In the daily price chart, you can see that in the past 30 days, the price of AXL token has been decreasing.

• In the first chart on the left, which shows the number of daily holders of AXL token, you can see that it has always been growing in the last month.

• In the second chart on the left, which shows the amount of AXL tokens held daily, it can be seen that in the last 30 days, we first saw an increasing trend and then a steady trend.

Observations:

• As you can see in the graphs above, in the Osmosis network, almost 63% of users have withdrawn their AXL tokens from this network.
• In the axelar network, about 41% of users have entered their accounts into the axelar network.
• And as you can see in the graph of the relationship between the price of AXL token and the number of buyers, every time the price forms a price floor, the number of buyers has increased.

Observations:

• In the graphs of this section, we have categorized users based on the amount of tokens they hold in their wallets, and as you can see, almost 40% of users have less than 1 AXL in their wallets.

• And as you can see in the daily section, users whose wallet balance is less than 1 AXL are always in the majority.

• The user osmo1z6mf937x9ug4ck7lt45f2wyrt9lnway68lpta9 has held the largest amount of AXL in her wallet in the last 30 days (32.6M).

Conclusion:

Since the $AXL token launch, how have wallets that bought $AXL used it?

• The most action that AXL buyers have done is transfer, which constitutes 43.4% of users.

Are most wallets hodling or trading? 

• Almost 65% of AXL token buyers have held it.

What is the average holding period for wallets buying $AXL in the last month?

• 6.69 day is average holding period.

link to my tweet :

Observations:

• In the last month, on average, each user has held AXL token in their wallet for almost 7 days.
• 39.6% of user who bought AXL token hold their tokens , 43% of AXL buyer transfer their tokens and 11.6% of AXL buyers swap their tokens.
• More than 56% of AXL tokens holder kept their tokens for less than 1 week.