What is Axelar?

Axelar consists of two layers: The network and the API above it. \n At Axelar’s core is a permissionless overlay network. It delivers Turing-complete cross-chain communication via proof-of-stake and permissionless protocols. In this way, it’s similar to Akamai and other CDNs that enabled the rise of YouTube, Zoom and a globally interconnected web. Axelar validators monitor gateways on the interconnected chains (smart contracts) and run a decentralized protocol to process cross-chain messages between them.

How Axelar works

Axelar is for Web3 what Stripe is for mobile and internet applications: it works on the back end, connecting various networks into one-click experiences for all users.Sitting on top of the network are APIs and protocols, an application-development layer that developers use to compose across any number of chains. Developers go cross-chain without new programming languages or the need to roll out or manage complicated infrastructure. They focus on building the functionality that differentiates their dApp. Once integrated, all new interconnected blockchains automatically become interoperable with the application, enabling limitless network effects.The first generation of cross-chain solutions were bridges, transferring wrapped assets between chains. Axelar enables developers to send any payload: a cross-chain message can call a function on another chain and integrate it into a one-click experience for any user, holding any asset. We call this General Message Passing.

Uniform architecture

Demand for cross-chain transactions has spawned ad-hoc bridges that weaken security and limit interoperability. Axelar uses permissionless protocols, the Cross-Chain Gateway Protocol (CGP, analogous to Border Gateway Protocol) and the Cross-Chain Transfer Protocol (CTP, analogous to File Transfer Protocol) to provide uniform security, translation and routing across any two connected chains.

about this dashboard

in this dashboard I want to analyze the transaction number that related to the generates fees in $axlUSDC for all transfers via Satellite,

as a first step I found the number of the transaction to see the detail better,

after this action I found the total amount that related to this action and with that fee of this action.

and for the see the detail again I add the daily amount of the upper and at the end I want to find the top 5 currency that had the most fee and pick up that top currency and find the amount of them,

lets start the dashboard.

in this part I found the transaction number that related to the generates fees in $axlUSDC for all transfers via Satellite.

as you see this number start to increase from the date of the 9 May and as you see this increase continue up to the 28 Oct and after this date transaction number start to decrease, and this performance continue up to now.

so in this part I just want to see the detail of the generates fees in $axlUSDC for all transfers via Satellite by transaction,

and get the important point.

and if I want to add some text to this part I can say that this increase had not same slope and had movement by the time.

so lets analyze the fee of this transaction and see the fee of them and after that lets analyze amount of this and see that relation of this.

lets start.

in this part I want to analyze the fee of the previous part(transaction number).

as you know the transaction number start to increase from 9 May and continue to this action up to the 28 Oct and after that decrease.

in this part I want to check the fee.

as you see amount of the fee in the $axlUSDC for all transfers via Satellite increase in the 24 Jun and continue up to the 28 Oct, and after that decrease. and as you see the total fee amount was low and it is because of the newest of the Axelar.

so we can understand that from the start of the Axelar transaction the fee was low by the time this number increase by the transaction number.

as you see in the first 2 month the fee amount not increase by the increase of the transaction number, but after this time the fee amount increase by the increase of the transaction number, like other token.

so in this part we see that after first two month the fee amount by the increase of the transaction, increase.

and I want to analyze the amount of this transaction.

lets start.

in the previous part we see that I analyze the fee of the $axlUSDC for all transfers via Satellite.

and in this part I want to analyze the amount of them.

as you know from the previous part after two month from the increase of the transaction number the fee amount by the increase of the transaction number increase, but in the before of this this date this increase in the fee was too low.

in this part we see that from the start of the transaction, amounts was not at the same range.

look at the 9 Oct, as you see at this date the transaction number was low and as you see at this date the amount was too high,

and as you see in some day the amount increase in the middle by middle,

and as you see in the recent day when the transaction number was in their low number the amount is low by follow that.

after this part I want to analyze the top 5 token that had the most transaction.

lets start

as you see in this part I want to analyze the amount and fee of them.

in the first graph as you see top fee related to the AXL and this number was too large, after that the second rank related to the Luna, and as you see the USDC had the low fee in the percentage of the other.

so we see that the AXL by the more than 90 % of the other token had the max fee and as you see this large number of the fee is by the low amount because as you see the amount of the AXL was in the second place by low than 2 %.

so we can understand that the fee of the AXL is too large in this network.

as you see in the second place there is Luna by the low than 5 % of the total fee and at the second part we can see that this large of the amount had the lowest fee.

so we can understand that the fee of the Luna is too low in this network.

and about the $axlUSDC for all transfers via Satellite we can say that:

as you see in the compare of the fee there is in the top 5 but with low percentage and in the amount we can see that the percentage of that increase too low.

so in this part we get the important point as in the final step lets analyze the total dashboard.

conclusion

I analyze some graph and get this result.

and all of this text related to the $axlUSDC for all transfers via Satellite

• transaction number start to increase from 9 May up to the 28 Oct and after that start to decrease.

• in the first 2 month the fee amount not increase by the increase of the transaction number.

• after first 2 month of start the increase of the transaction, the fee amount increase by the increase of the transaction number.

• at 9 Oct, the transaction number was low and as you see at this date the amount was too high.

• fee of the AXL is too large in this network.

• fee of the Luna is too low in this network.

• about the $axlUSDC for all transfers via Satellite, in the compare of the fee there is in the top 5 but with low percentage and in the amount we can see that the percentage of that increase too low.

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thank you because of your attention.