What is Axelar Crypto?

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.

Methodology

• Satellite bridge analysis is transferred to osmosis

• Analysis of Satellite bridge transfer in the form of token

• The following code was used to extract transferred tokens→

   CASE WHEN attribute_value LIKE '%uaxl%' THEN 'AXL'
      WHEN attribute_value LIKE '%uusdc%' THEN 'USDC' 
      WHEN attribute_value LIKE '%ibc/6F4968A73F90CF7DE6394BF937D6DF7C7D162D74D839C13F53B41157D315E05F%' THEN 'UST' 
      WHEN attribute_value LIKE '%ibc/9117A26BA81E29FA4F78F57DC2BD90CD3D26848101BA880445F119B22A1E254E%' THEN 'ATOM' 
      WHEN attribute_value LIKE '%weth-wei%' THEN 'WETH' 
      WHEN attribute_value LIKE '%ibc/4627AD2524E3E0523047E35BB76CC90E37D9D57ACF14F0FCBCEB2480705F3CB8%' THEN 'LUNA' 	
      WHEN attribute_value LIKE '%wbtc-satoshi%' THEN 'WBTC'
    	when attribute_value LIKE '%ibc/0CD3A0285E1341859B5E86B6AB7682F023D03E97607CCC1DC95706411D866DF7%' THEN 'DAI'
      when attribute_value LIKE '%ibc/3FF92D26B407FD61AE95D975712A7C319CDE28DE4D80BDC9978D935932B991D7%' THEN 'DOT'
      when attribute_value LIKE '%ibc/D3327A763C23F01EC43D1F0DB3CEFEC390C362569B6FD191F40A5192F8960049%' THEN 'LINK'
      when attribute_value LIKE '%ibc/D27DDDF34BB47E5D5A570742CC667DE53277867116CCCA341F27785E899A70F3%' THEN 'MKR'
      ELSE 'Other' END as axl_symbol,
   chain
  

• The analysis of events in the last month has been done

• The most transferred token, in terms of transfer volume, is USDC with around 90% and in second place is AXL with around 6%

• The most transferred token, in terms of the average transfer volume, is USDC with about 64% and in second place is WETH with about 27%

• The most transferred token, in terms of the number of transfers, is AXL with about 90% and in second place is USDC with about 8%

Token transfer analysis

The event after bridging

• In terms of the growth in the volume of Tersenfer tokens, it seems that the highest growth belonged to USDC, and also in the fourth week of September, the AXL token had a good growth.

• The largest transfer volume was in the fourth week of September, which is related to USDC and then AXL

• In the analysis of the growth of the number of weekly trades, it seems that AXL has grown the most, followed by USDC.

• The most transferred token in terms of the number of transfers was on October 24 and is related to the AXL token, and we are witnessing an increasing trend in the amount of transfers.

• In terms of the average volume of trading tokens, USDC had the highest average in the fourth week of September, followed by WETH

• In terms of the number of transactions, the swap event has been the most popular event after bridging, with about 73 percent, and the transfer event ranks second with about 13 percent

• In terms of the number of wallets, the swap event has been the most popular event after bridging, with about 69 percent, and the transfer event ranks second with about 15 percent.

• The highest occurrence of post-bridging in terms of the number of transactions was on November 8 and belonged to swaps, followed by transfers.

Conclusion

• It seems that the AXL token has grown the most in terms of the number of transactions, and the USDC token has had the most transfers in terms of volume. Also, looking at the monthly chart, I think that we are witnessing an upward trend in transfers, and in terms of events, After bridging, the swap event has been the most popular event among users both in terms of the number of transactions and the number of wallets.

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• The most post-bridging event in terms of the number of wallets was on November 8 and belonged to Swap, followed by Transfer.

• The growth of events after bridging, in terms of the number of event transactions, the highest growth has belonged to swaps, and since November 7, we have seen the upward trend of swaps.

• The growth of events after bridging, in terms of wallets, the highest growth has belonged to swaps, since November 8, we have seen the upward trend of swaps.