Introduction

Welcome to the On-Chain Analysis Dashboard, a comprehensive platform for analyzing the impact of incentivized wAssets on Osmosis and its effect on token transfer volumes for Axelar. Our aim is to provide a comprehensive overview of the impact of incentives on the transfer of wrapped assets, such as WETH, WMATIC, WBNB, and WAVAX. We will focus on comparing the transfer volume of wAssets before and after they are incentivized on Osmosis, to determine the effectiveness of these incentives. We will examine the impact of recent "bootstrapping" proposals on the Axelar bridge and analyze the results in aggregate and by asset. The DeFi ecosystem is rapidly evolving and it is crucial to understand how incentives are affecting the transfer of wrapped assets. Our goal is to provide a clear and concise analysis of the data, so that stakeholders can make informed decisions about working with Osmosis to incentivize more wrapped assets and increase volume over Satellite and Squid. Get ready to explore the impact of incentivized wAssets on Osmosis and its effect on token transfer volumes for Axelar.

Definitions for the On-Chain Analysis Dashboard:

1. Wrapped Assets (wAssets): A wrapped asset refers to a digital asset that has been transformed into a token that is compatible with a different blockchain platform. In this dashboard, we are analyzing wrapped assets such as WETH, WMATIC, WBNB, and WAVAX.
2. Osmosis: Osmosis is a decentralized finance platform that provides incentives for liquidity providers to hold and trade specific assets.
3. Axelar Bridge: The Axelar Bridge is a platform that allows users to transfer assets from one blockchain to another. Most wrapped assets arrive on Osmosis via the Axelar bridge.
4. Bootstrapping Proposals: Bootstrapping proposals refer to the incentives that are provided by Osmosis governance to encourage users to deposit and trade specific assets in liquidity pools.
5. Transfer Volume: Transfer volume refers to the amount of tokens that are being transferred from one platform to another.
6. Decentralized Finance (DeFi): Decentralized finance refers to financial applications that are built on blockchain technology, allowing for secure and transparent financial transactions without the need for intermediaries.

wMATIC transfer volume from Axelar to Osmosis

Analysis:

1. Before wMATIC was incentivized on Osmosis, a total of 45,000 wMATIC was transferred to the chain. After the pool was incentivized, over 550,000 wMATIC was transferred over Axelar to Osmosis. This represents a significant increase in the transfer volume of wMATIC, indicating the effectiveness of the incentives provided by Osmosis governance.
2. The average daily transfer volume to Osmosis has grown 10 times since the pool incentives were implemented. This suggests that the incentives have encouraged more users to transfer wMATIC to Osmosis, leading to increased liquidity and trading activity.
3. The number of daily bridgers has grown from ~2 to ~9 since the pool incentives were implemented. This indicates that more users are taking advantage of the incentives and using the Axelar bridge to transfer wMATIC to Osmosis.

In conclusion, the graphs show that the incentives provided by Osmosis governance have been effective in increasing the transfer volume of wMATIC over Axelar to Osmosis. The growth in average daily transfer volume and the number of daily bridgers suggests that the incentives have encouraged more users to transfer wMATIC to Osmosis, leading to increased liquidity and trading activity.

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wBNB transfer volume from Axelar to Osmosis

Analysis of Graphs:

1. Before wBNB was incentivized on Osmosis, a total of 3.6 wBNB was transferred to the chain. After the pool was incentivized, over 3,000 wBNB was transferred over Axelar to Osmosis. This represents a significant increase in the transfer volume of wBNB, indicating the effectiveness of the incentives provided by Osmosis governance.
2. The average daily transfer volume to Osmosis has grown 11 times since the pool incentives were implemented. This suggests that the incentives have encouraged more users to transfer wBNB to Osmosis, leading to increased liquidity and trading activity.
3. The number of daily bridgers has grown from ~2 to ~9 since the pool incentives were implemented. This indicates that more users are taking advantage of the incentives and using the Axelar bridge to transfer wBNB to Osmosis.

In conclusion, the graphs show that the incentives provided by Osmosis governance have been effective in increasing the transfer volume of wBNB over Axelar to Osmosis. The growth in average daily transfer volume and the number of daily bridgers suggests that the incentives have encouraged more users to transfer wBNB to Osmosis, leading to increased liquidity and trading activity.

wAVAX transfer volume from Axelar to Osmosis

Analysis of Graphs:

1. Before wAVAX was incentivized on Osmosis, a total of 765 wAVAX was transferred to the chain. After the pool was incentivized, over 9,000 wAVAX was transferred over Axelar to Osmosis. This represents a significant increase in the transfer volume of wAVAX, indicating the effectiveness of the incentives provided by Osmosis governance.

2. The average daily transfer volume to Osmosis has grown 11 times since the pool incentives were implemented. This suggests that the incentives have encouraged more users to transfer wAVAX to Osmosis, leading to increased liquidity and trading activity.

3. The number of daily bridgers has grown from ~1 to ~7 since the pool incentives were implemented. This indicates that more users are taking advantage of the incentives and using the Axelar bridge to transfer wAVAX to Osmosis.

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In conclusion, the graphs show that the incentives provided by Osmosis governance have been effective in increasing the transfer volume of wAVAX over Axelar to Osmosis. The growth in average daily transfer volume and the number of daily bridgers suggests that the incentives have encouraged more users to transfer wAVAX to Osmosis, leading to increased liquidity and trading activity.

Conclusion

Based on the in-depth analysis presented in this dashboard, it's evident that the incentivization of wrapped assets on Osmosis has a substantial and positive impact on transfer volumes over Axelar. The marked increase in transfer volume and the rapid growth in daily bridgers for assets such as wMATIC, wBNB, and wAVAX immediately following incentivization highlights the efficacy of the incentives provided by Osmosis governance. These incentives serve as powerful motivators, encouraging users to transfer these assets to the Osmosis platform and incentivizing them to maintain these assets within the Cosmos ecosystem for extended periods of time. Given these compelling results, it is strongly recommended that Axelar work in collaboration with Osmosis to incentivize more wrapped assets. This partnership has the potential to drive even greater transfer volumes over Axelar and increase liquidity and trading activity on the Osmosis platform. The resulting increase in volume over Satellite and Squid would bring additional benefits to both Axelar and Osmosis, making this a highly advantageous move. In conclusion, the On-Chain Analysis Dashboard provides invaluable insights into the impact of incentivized wAssets on Osmosis and the effects on token transfer volumes for Axelar. The results clearly demonstrate the positive impact of incentivizing wrapped assets and suggest that working with Osmosis to incentivize more assets could lead to increased volume over Satellite and Squid.

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