What is the Axelar network?

Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. Axelar is composed of a decentralized network of validators, secure gateway contracts, uniform translation, routing architecture, and a suite of software development kits (SDKs) and application programming interfaces (APIs) to enable composability between blockchains. This allows developers to build on the best platform for their use case, while being able to access users, assets and applications in every other ecosystem. Instead of pairwise cross-chain bridges, they can rely on a network architecture that provides a uniform code base and governance structure.

Axelar’s ultimate goal is to build the underlying infrastructure for onboarding the next billion people onto Web3. In order to achieve this goal, Axelar will:

1. Make it easy for blockchain developers to plug in and communicate with other chains.
2. Provide decentralized application (dApp) developers with cross-chain composability.
3. Allow users to interact seamlessly with applications across multiple ecosystems.

The Axelar SDKs provide a rich suite for developing Web3 applications, ensuring that developers have the tools they need for building. With these tools and APIs, developers can use the Axelar network and its SDKs to write dApps that can be easily deployed across all Axelar-connected ecosystems. In other words, Axelar distills cross-chain interoperability down to a simple set of API requests. This is absolutely central to adoption, as the developer experience around deploying Web3 applications must be like the experience today for Web2 developers, where the underlying networking and ecosystem-specific deployment considerations are largely abstracted away.

> The developer experience around deploying Web3 applications must be like the experience today for Web2 developers

What is Osmosis

Osmosis is a fully-customizable AMM that allows developers to build truly unique liquidity pools, and build and deploy custom AMMs that can quickly adjust to changing market conditions. by David ShuttleworthMarch 18, 2022. Posted on March 18, 2022.

What asset is used for bridging?

Activities after bridging

According to the general charts, it can be seen that USDC has the best statistics in terms of the number of tokens and volume, but AXL is superior in the number of transfers.

It can be understood that in the transfers carried out, whales transfer their assets with USDC. have given that due to the small number of transfers, they have transferred a volume equal to 20 M It can be seen that AXL has done 90% of the transfers, which means 65 thousand transfers In the weekly trends, it is clear that Axl had the most attention, which reached its peak on October 24, and the number of transfers was 4967. The number of transfers in September and October experienced an increase in the volume of transfers. It can be seen that on September 26, the largest volume of transfers was found, which was equal to 1.3 M AXL tokens and 2.06 M Usdc tokens. This statistic can also be seen in the weekly chart of the number of transferred tokens.

It can be seen that in the general graphs, the most performed operation is Swapping, this operation accounts for 72% of the number of users, which is equal to 1453 users. Also, in the total number, Swaping has the highest number of registered transactions, with 75% of the fog being equal to 1826. In the weekly chart, it can be seen that the volume of operations has increased since September 25, that Swapping and Transfer had the largest number, in the chart, it decreased after September 25, which we have seen increase in the last week.

Methodology

You can see the following in this dashboard Osmosis Cosmose liquidity center is far from reach. Axelar acts as the primary liquidity bridge to the ecosystem. Analyze the activity on Osmosis when the user is bridged through the Axlear satellite. What asset do they use most to bridge? What do they do next when they bridge?

Conclusion

According to the general charts, it can be seen that USDC has the best statistics in terms of the number of tokens and volume, but AXL is superior in the number of transfers.

It can be understood that in the transfers carried out, whales transfer their assets with USDC. have given that due to the small number of transfers, they have transferred a volume equal to 20 M It can be seen that AXL has done 90% of the transfers, which means 65 thousand transfers In the weekly trends, it is clear that Axl had the most attention, which reached its peak on October 24, and the number of transfers was 4967. The number of transfers in September and October experienced an increase in the volume of transfers. It can be seen that on September 26, the largest volume of transfers was found, which was equal to 1.3 M AXL tokens and 2.06 M Usdc tokens. This statistic can also be seen in the weekly chart of the number of transferred tokens.

It can be seen that in the general graphs, the most performed operation is Swapping, this operation accounts for 72% of the number of users, which is equal to 1453 users. Also, in the total number, Swaping has the highest number of registered transactions, with 75% of the fog being equal to 1826. In the weekly chart, it can be seen that the volume of operations has increased since September 25, that Swapping and Transfer had the largest number, in the chart, it decreased after September 25, which we have seen increase in the last week.