Ecosystem Entrances

    db_img

    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


    How does Axelar bridge work? Axelar is a universal interoperability layer that connects L1 blockchains through a decentralized network. Using Axelar's SDKs, any smart contract developer can seamlessly call a contract on another supported chain with a simple asynchronous call. The simplest form of cross-contract calls is bridging.

    Methodology:

    In this dashboard, we try to get information about the transfer of assets from the satellite bridge And for this purpose, we use the following tables:

    • axelar.core.fact_transfers

    • axelar.core.fact_msg_attributes

      In this dashboard, we try to find the destinations and origins of this transaction and sort them based on the volume, amount, and number of transactions.

    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Observations:

    The total number of completed transactions is 243 k The number of users who have done the transfer transaction is 78.5k

    The origin of most of the bridge transactions was from the Terra network, which was approximately 15k transactions with a volume of approximately 20B.

    The most token that has been removed from the network is the uaxl token (3.4 million tokens), followed by the inj token (3.01 million tokens).

    The most tokens removed from the network based on the number of transactions are uaxl tokens and the best tokens entered into the network based on the number of transactions are uusd and usdc and luna

    And the largest token that has entered the network is based on the volume of the Luna token (20B), which is very different from the next ranks.


    Based on the transactions made for the bridge, the origin of the transactions are: Luna, Osmo, Kujira.

    Based on the transactions made for the bridge, the destinations of the transactions are: Osmo, Kojira, crescent



    And in the bridges that include evmos networks, the origin of most transactions is Terra first, followed by Avalanche, then Polygon, Osmosis, and Ethereum.

    If we check the weekly data of this data, we will see that the share of Terra network has reached zero after some time and the share of Osmosis, Polygon and Ethereum networks has increased.

    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    db_img

    conclusion:

    • most bridges was for terra network until when the UST depgged and Luna collaps
    • The most popular origin for asset transfers based on the highest number of transactions to axelar has been the Terra network
    • The most popular destination for asset transfers based on the highest number of transactions from axelar has been the osmosis network
    • The most token that has been removed from the network is the uaxl
    • The most token that has been arrive tot he network is thel una
                                                               **Ethereum chains:**