The Axelar (AXL) token demonstrates robust activity on Osmosis, with 2,035,346 total swaps and $314.3M in volume, driven by 41,375 unique addresses. The token experienced a dramatic surge in Q1 2024, with swap transactions peaking at 336,745 in March—a 1,000% increase from previous periods. However, the trading activity shows higher selling pressure, with 1,358,198 sell swaps compared to 831,009 buy swaps, potentially indicating bearish market sentiment, while maintaining strong cross-chain interoperability with 1.18M swaps in its primary trading pair.