How Axelar-powered Bridges Facilitate Neutron Token Launch
Neutron is a highly secure and permission-less smart contract platform for Interchain DeFi. Built on Tendermint and the Cosmos SDK, it empowers developers to launch smart contracts and provides tools for seamless interoperability with other protocols and appchains.
On May 24th, Neutron initiated the launch of its governance token, $NTRN, through an airdrop. To participate in the airdrop and the bootstraping process, users need to receive funds in their wallets, allowing chains to recognize their private key, which is utilized for account management across all chains on Cosmos.
To fund the wallets, there are two primary methods. The first involves utilizing an IBC transfer to send ATOM from the CosmosHub to Neutron. Alternatively, assets can be bridged to Neutron, with two partners: Squid offers sending axlUSDC and Satellite enables the transfer of ATOM from any supported chain to Neutron. Once users receive the tokens, the blockchain will register their account as active, allowing them to claim their airdropped tokens.
The purpose of this dashboard is tto analyze the utilization of the bridge option for funding wallets.
This dashboard utilizes two tables from the Flipside Axelar.core Schema: axelar.core.EZ_SQUID and axelar.core.EZ_SATELLITE.
Firstly, we analyze the transfers of axlUSDC to Neutron through Squid. We examine the number and volume of bridges, as well as the number of bridgers. The data is further broken down by source chains.
Next, we conduct a similar analysis for the Satellite bridge.
Finally, we combine the data from both bridges on a single page to compare the performance of the two bridge protocols.
Also, we provide a leaderboard that showcases the wallets that have sent the largest assets into Neutron.
Note:T his dashboard will be updated every three hours to provide the latest information.
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