What is Cosmos?

Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain.

What is Axelar?

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.

What is the Satellite Bridge?

Satellite is a web app built on top of the Axelar network. Use it to transfer assets from one chain to another.

Methodology

In this dashboard we will look at the activity of USDC, AXL, ETH, ATOM, WBTC, and LUNA sent out from the Axelar network using the Satellite Bridge. We are looking to see what chains have the most bridge activity and what tokens are being used the most on the bridge. The data for this dashboard will come from the axelar.core tables of Fipside’s database. The data for this dashboard starts July 20th, 2022.

Sections

1. Satellite Bridge chain transfer lookup
2. Satellite Bridge transfers by asset
3. Satellite Bridge transfers by chain

Satellite Bridge transfers by asset

Satellite Bridge transfers by chain

Observations

• There have been over 233 Million of axlUSDC sent from the Satellite Bridge to other chains. This is more than 10x the volume of any other token sent from Axelar.
• The AXl token is sent the most to another chain but is generally sent in very low volumes.
• The activity on the Satellite Bridge peaked around Sep 10th, 2022.
• There are large fluctuations in token transfer sizes day to day.

Observations

• Ethereum is the destination of 10% - 30% of the Satellite Bridge transactions but makes up between 50% - 80% of the transaction volume.
• In August 30% - 50% of the transfer from Axelar went to Kujira
• Consistently Transfers to Ethereum are the largest transactions by to chain

Satellite Bridge chain transfer lookup

Instructions

The data for the first section of this dashboard will refelect the chosen chain in the to_chain select box at the top of the page

Description

The data for the graphs above show the transfer activity from the Axelar Satellite bridge to the chain selected in the ‘to_chain’ select box.

Conclusion

• Satellite Bridge transfers by asset
  • There have been over 233 Million of axlUSD sent from the Satellite Bridge to other chains. This is more than 10x the volume of any other token sent from Axelar.
  • The AXl token is sent the most to another chain but is generally sent in very low volumes.
  • The activity on the Satellite Bridge peaked around Sep 10th, 2022.
  • There are large fluctuations in token transfer sizes day to day.
• Satellite Bridge transfers by chain
  • Ethereum is the destination of 10% - 30% of the Satellite Bridge transactions but makes up between 50% - 80% of the transaction volume.
  • In August 30% - 50% of the transfer from Axelar went to Kujira
  • Consistently Transfers to Ethereum are the largest transactions by to chain