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.

Powered by a decentralized open network of validators, anyone can join the network, use it, and build on it. The Axelar network makes cross-chain communication as simple as using HTTP/HTTPS protocols on the web.

Platform developers can plug their blockchains into other ecosystems, and application builders can leverage a simple protocol and API to access global liquidity and communicate with the entire ecosystem.

The Axelar team has deep roots in distributed systems, consensus, and cryptography. The venture is backed by Binance X, Coinbase Ventures, DCVC, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures, Cygni Labs, and others.

from osmosis.core.fact_daily_balances
where currency = 'ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E'
and date >= '2022-10-26'

Axelar

from axelar.core.fact_transfers
where transfer_type in ('AXELAR','IBC_TRANSFER_IN')
and currency = 'uaxl'

Osmosis

from osmosis.core.fact_daily_balances
where CURRENCY = 'ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E'

Overview

Number of holders

Holding amount

Holders on September and November

Daily balance

Based on balance type

Average days of holding

Total Holders and Hold amount on AXelar chain

Compare holders on Osmosis and Axelar

Osmosis is a DEX protocol, which means it uses smart contracts to determine the price of digital assets, to produce liquidity via a peer-to-peer (P2P) methodology, and to exact trades between users. This approach to an exchange platform is known as an AMM — a DEX protocol that prices crypto assets in liquidity pools. Contributing tokens to these pools helps foster decentralized liquidity, which is then used to facilitate trades on the exchange. Participating as a liquidity provider (LP) can earn you both trading fees and newly minted LP tokens as incentives for participation.

Two primary concepts that drive the Osmosis protocol are sovereignty and heterogeneity. To that end, Osmosis makes use of self-governing liquidity pools. These liquidity pools in Osmosis are not hard-coded, and users can use the native Osmosis token (OSMO) to vote on pool parameters and protocols and provide liquidity and stake. Essentially, it allows holders of the token to decide the make-up of specific liquidity pools and play a central role in broader Osmosis protocol governance.

Number of holders

AXL amount

Users Breakdown based on the balance on Axelar chain

AXL holders activities

Number of transactions

Number of users

AXL amount

Users Breakdown based on holder's activities

Which other token is held by Axelar holders?

Daily user balance change on Axelar chain

Number of holders

AXL amount

Top tokens swapped from AXL

Number of users

AXL amount

Top Tokens swapped to AXL

Number of users

AXL amount

🔑 Key finding :key:: The first wallet had ~393k on September and 1.08 million on December. This wallet is still a top holder in September.

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• The highest AXL amount was on November 14th, with ~4 million.
• The least AXL amount of holding was on October 26th, with 1.8 million,
• The highest number of holders was from November 29th to December 2nd at almost 2465.
• The least number of holders was on October 26th. The total number of holders on this day was ~ 1962.

🔑 Key finding :key:: The number of users who held between 1 to 10 AXL on their own wallet is the most. The total number of users who had between 1 to 10 AXL is 1518.

• Only 7 users held more than 50000 AXL in their wallets.

🔑 Key finding :key:: The highest number of users held AXL less than the week on their wallet.

The total number of users who held AXL for less than a week is 312.

🔑 Key finding :key:: The number of holders on Axelar is almost 2x more than on Osmosis.

The total number of holders on Axelar is 5563 and on Osmosis is 2465.

🔑 Key finding :key:: The total amount of AXL held by holders on Axelar is ~406 million, and on Osmosis, this number is about 4.6 million.

🔑 Key finding :key:: Most of the transactions in order to bridge AXL. The total number of bridge transactions is 5058.

• The highest number of bridged transactions was on September 28th, with 229.
• The highest number of swapped transactions was on October 1s, with 31.
• The highest number of transferred transactions was on October 1s, with 31.
• The highest number of added liquidity transactions was on October 1s, with 31.

🔑 Key finding :key:: Most of the holders bridge their AXL. The total number of users who bridges AXL is 1321.

• The highest number of users who bridged their tokens was on September 28th, with 220.
• The highest number of users who swapped their tokens was 6 users.
• The highest number of users who added liquidity with their tokens was 6.
• The highest number of users who transferred their tokens was 6 users.

🔑 Key finding :key:: Most of the users had activities between 1 to 10 AXL.

The total number of users who bridged AXL between 1 to 10 is 294, transfer AXL is 12, swap is 12, and also added liquidity is 12.