New Kid On The Block

Axelar’s General Message Passing primitive has been live for a long time; however, the launch of Squid Protocol has brought GMP into the spotlight. Now, users can swap any token on their source chain for any token on their desired destination chain, with on-click of a button. How has this frictionless experience impacted Axelar’s token transfer volume via their native bridge Satellite? Analyze user growth for Squid vs. Satellite since Squid’s launch on Flipside supported chains (Ethereum, Avalanche, Binance, Polygon). Have Satellite’s DAUs remained loyal, or are they transitioning to Squid for their cross-chain transfers? Or are the users different? Provide a user segmentation analysis of Squid.